(RTTNews) - European stocks closed higher on Thursday as an interest rate cut by the Bank of England (BoE), and some encouraging earnings updates and economic data helped underpin sentiment. Investors looked ahead to the Federal Reserve's monetary policy announcement, due later in the day. ...
Fed decision Policymakers at the Fed have laid the groundwork for interest rate cuts in recent weeks. Currently, the Fed's target rate is sitting at 5.25% to 5.5%. Some economists have argued the U.S. central bank should deliver a 50 basis point rate cut in September, accusing it...
(RTTNews) - U.K. stocks fell sharply on Thursday after the U.S. Federal Reserve cut rates as expected and penciled in two more for 2025, fewer than four seen in September.
The Bank of Englandleft rates unchangedat 4.75% at its December meeting after U.K. inflation rose to an eight-month high in November. The central bank's decision was in line with expectations, though traders were surprised by the fact that three policymakers voted for a rate cut while six ...
Uncertainty Returns Ahead of BoE Interest Rate DecisionRead the full-text online article and more details about "Uncertainty Returns Ahead of BoE Interest Rate Decision" - The News Letter (Belfast, Northern Ireland), March 4, 2004
GBP/USD: BOE s widely expected to slash the policy rate – BBH ByFXStreet Insights Team|Jan 31, 11:06 GMT EUR/GBP breaks below 0.8350 as traders expect more ECB rate cuts ByAkhtar Faruqui|Jan 31, 05:42 GMT Weekly Forex Analysis: EUR/USD , GBP/USD , AUD/USD and more [Video] ...
1: Before turning to its immediate policy decision, the Committee discussed: the international economy; monetary and financial conditions; demand and output; and supply, costs and prices. The latest data on these topics were set out in the accompanyingNovember 2024 Monetary Policy Report. ...
The Greenback recovered some lost ground following Wednesday's Federal Open Market Committee (FOMC) policy decision. The FOMC kept rates unchanged and didn’t revise its rate cut expectations for 2024 despite printing back-to-back high inflation reports in the US. Regarding those reports, Federal ...
More industry news SEC reviews Grayscale’s Dogecoin and XRP ETF proposals, seeks public comments February 13, 2025 Trump's reciprocal tariffs may target the EU, Japan, and India—here’s what we know February 13, 2025 Wall Street rallies as inflation concerns ease; Nvidia, Tesla, and Arm...
London's FTSE 100 erased early gains to end lower on Thursday, as the pound jumped after the Bank of England announced a second consecutive interest rate hike to curb inflation...