Tradesmen in London. DANIEL LEAL-OLIVAS | AFP | Getty Images LONDON — The Pound sterling is on firmer footing since the appointment of new Prime Minister Rishi Sunak, but Wall Street sees even greater vulnerability over the next 12 months. After falling to a record low against the dollar below $1.04 on September 25 following …
The British Pound Crisis Is Over, But Analysts Predict Further Weakness Ahead Read More »
The Japanese Ministry of Finance intervened on September 22, 2022 in the foreign exchange market to support the yen, which has fallen against the US dollar in recent months due to the widening policy gap between the US and Japanese central banks. . Richard A. Brooks | AFP | Getty Images Japan intervened in the …
Japan stepped in, buying yen in the forex market on Friday night: Reuters Read More »
The deepest and most liquid fixed income market in the world is in deep trouble. For months, traders, academics and other analysts have worried that the $23.7 trillion Treasuries market could be the source of the next financial crisis. Then last week, US Treasury Secretary Janet Yellen acknowledged concerns about a potential breakdown in government …
Turkish President Recep Tayyip Erdogan attends a press conference after his meeting with the Venezuelan President in Ankara on June 8, 2022. Adem Altan | AFP | Getty Images Turkey’s central bank lowered its key rate by 150 basis points for the third consecutive month of decline on Thursday, from 12% to 10.5% – despite …
Turkey cuts interest rates by 150 basis points despite inflation at 83% Read More »
Turkish President Recep Tayyip Erdogan attends a press conference after his meeting with the Venezuelan President in Ankara on June 8, 2022. Adam Altan | AFP | Getty Images Turkey’s central bank lowered its key rate by 150 basis points for the third consecutive month of decline on Thursday, from 12% to 10.5% – despite …
Turkey cuts interest rates by 150 basis points despite inflation at 83% Read More »
Jeremy Hunt arrives home in London after being appointed Chancellor of the Exchequer following the resignation of Kwasi Kwarteng. Picture date: Friday October 14, 2022. Aaron Chown | Pa pictures | Getty Images LONDON – Sterling rose up against the dollar Monday alongside government borrowing prices as UK Finance Minister Jeremy Hunt reversed much of …
Pound rises, bond yields fall as UK revises controversial tax cut plans Read More »
Pensioners protest against rising fuel prices during a demonstration outside Downing Street organized by the National Pensioners Convention and Fuel Poverty Action on February 7, 2022 in London, England. Guy Smallman | Getty Images LONDON — “The brains of humans and other animals contain a mechanism designed to prioritize bad news,” former Nobel Prize-winning economist …
