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21 Jun, 2024 @ 05:00 by Yahoo! Finance

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“Hawkish cuts” are all the rage—not a tailoring style, but a pattern among central banks of lowering interest rates while telling markets that financial conditions will remain tight. The Bank of England hasn’t taken the cutting plunge yet, but seems poised to do so. Britain's central bank left borrowing costs unchanged at 5.25% on Thursday, even though U.K. inflation recently fell back to officials’ 2% target for the first time in nearly three years.

20 Jun, 2024 @ 13:17 by Yahoo! Finance

The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) could be on course to open Thursday's session at record highs coming off of the Juneteenth market holiday. Nvidia (NVDA) overtook Microsoft (MSFT) as the most valuable company, pushing the tech-driven market rally higher. While the Bank of England is holding its interest rates, the Swiss National Bank cut rates for the second time in 2024. These headlines add weight to the question on every investor's mind: When exactly will the US Federal Reserve cut rates? The US Department of Labor reported higher-than-expected jobless claims as 238,000 Americans filed for new unemployment benefits last week, while US housing starts and building permits prints came below expectations. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

The Swiss National Bank caught some investors off-guard again, delivering its second interest-rate cut of the year, driving down the value of the currency. + Elsewhere in Europe, the Bank of England held its main rate unchanged, as expected. + Norway's krone rose 0.6% against the dollar after Norges Bank held its key policy rate steady and indicated it was unlikely to make cuts in 2024.

20 Jun, 2024 @ 11:01 by Yahoo! Finance

The Bank of England has left rates at 5.25% for the seventh consecutive time, as the UK election draws closer.

While the UK held its interest rates, traders continue to bet on a Fed cut by September, according to the CME FedWatch tool.

20 Jun, 2024 @ 05:20 by Yahoo! Finance

The U.S. dollar edged higher Thursday, while sterling slips lower ahead of the latest Bank of England’s policy-setting meeting. The U.S. economic data slate includes initial jobless claims figures and housing starts data later in the session, as investors look for more clues towards when the Federal Reserve will start cutting interest rates. A series of Fed officials have expressed caution about expecting rate cuts too soon, seeking more evidence that inflation has been tamed before the central bank would agree to easing monetary policy.

A sustained period of higher interest rates will present a challenge for many borrowers worldwide, as economies adapt to a new era of comparatively tight monetary policy amid a recovery in growth and enduring inflation.

Although prices are still rising, it is at the slowest pace since July 2021.

19 Jun, 2024 @ 04:30 by Yahoo! Finance

The U.S. dollar steadied Wednesday after overnight losses, while sterling edged higher after the U.K. inflation returned to the Bank of England’s target for the first time in nearly three years. The U.S. currency stabilized Wednesday after the previous session’s weakness as retail sales barely rose last month, pointing to lingering headwinds to momentum in consumer spending activity despite inflationary pressures showing signs of cooling. “The reading is in line with our view that consumer spending has peaked in the US and should drive a broader softening in growth momentum into the second half of the year,” said analysts at ING, in a note.

The U.S. dollar edged higher Tuesday ahead of key retail sales data and speeches by Federal Reserve officials, as traders looked for clues to better gauge the timing and pace of interest rate cuts. The U.S. currency has seen volatile trading over the last week, weighed by cooling inflation readings but then supported by the Federal Reserve reducing the number of cuts projected this year to just one, from three in March. Investors are trying to work out when the Federal Reserve will start cutting interest rates, and thus will be studying the retail sales data for May, due later in the session.

Stocks in the US have been wracked with uncertainty following a signal from the Federal Reserve that the central bank will only look to cut rates once before the year end.

Ward Thomas Removals started out in London with one van nearly 40 years ago and now turns over £50m in sales.

Responsible Investment group ShareAction pointed out Tesco Boss Ken Murphy's pay was 430 times what the average Tesco employee earns.

14 Jun, 2024 @ 05:00 by Yahoo! Finance

One year ago, Spain was the first European country to introduce the right to paid menstrual leave for women if they experience painful periods.

13 Jun, 2024 @ 09:28 by Yahoo! Finance

The Fed indicated one cut to the funds rate this year at its meeting but is still waiting for lower inflation.

13 Jun, 2024 @ 08:16 by Yahoo! Finance

The latest investor updates on stocks that are trending on Thursday.

Buyer demand was weakest in the South East and South West of England

13 Jun, 2024 @ 04:24 by Yahoo! Finance

The U.S. dollar fell Thursday, as traders weighed up the competing factors of benign U.S. inflation yet a more hawkish Federal Reserve. Before paring some of these losses when the Federal Reserve left the funds rate on hold at 5.25%-5.5% and detailing that policymakers' median projection for the number of cuts this year fell to just one, from three in March. This brings Thursday’s PPI release firmly into focus, with the headline figure expected to show monthly growth of 0.1% in May, a drop from 0.5% growth the prior month.

12 Jun, 2024 @ 09:04 by Yahoo! Finance

With the value of the pound hitting its highest point against the euro since August 2022, is now the best time to get your holiday money?

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Ted is the author of some of the most highly rated review of Forex investment. Ted has consistently provided informative, relevant insight into the latest developments within the FX industry

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