FTSE and European stocks up, US mixed as ECB cuts interest rate
The European central bank is expected to cut its baseline interest rate from 4.25% to 4% later on Thursday.
The European central bank is expected to cut its baseline interest rate from 4.25% to 4% later on Thursday.
The European Central Bank lowered interest rates by a quarter point for the second time in three months, widening a policy gap with the Federal Reserve, which is expected to start cutting rates next week.
-- Most Asian currencies moved in a flat-to-low range on Thursday, while the dollar firmed as a strong reading on U.S. consumer inflation dashed hopes that the Federal...
-- Most Asian currencies moved in a flat-to-low range on Thursday, while the dollar firmed as a strong reading on U.S. consumer inflation dashed hopes that the Federal Reserve will cut interest rates by a wide margin.
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The US dollar has fallen a bit against the Japanese yen on Wednesday but has also seen a bit of a short-term bounce, showing signs of life at a crucial point on the chart.
The Aussie dollar has been somewhat sideways for the last few days, as we are sitting on the previous support area that traders have been paying such close attention yet again. This is a market that will continue to see a lot of questions asked of risk appetite.
The ECB’s 12 September meeting could be a turning point as Eurozone data sends mixed signals. With rising stagflation risks and wage growth pressures, the central bank faces a complex decision: should they cut rates to support growth or maintain their focus on battling inflation? Traders should be on high
-- Most Asian currencies gained ground on Wednesday as the dollar retreated in the wake of a fiery U.S. presidential debate, with focus turning to key upcoming inflation data due later in the day.
Nearly a quarter of business owners said inflation was their top small business operating issue.