The Pound Sterling initially edged lower in Wednesday trade after disappointing inflation data ramped up market expectations that the Bank of England will be cutting its lending rate at this month’s meeting. According to the Office of National Statistics, CPI hit 1.3% last month, down from November’s 1.5% and the […]
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US and China to Sign “Phase 1” Trade Deal
The United States and China are set to sign phase 1 of their trade deal on Wednesday. President Donald Trump and the Chinese Vice Premier Liu He are expected to meet and sign the accord during an event that is taking place at the White House. The 86-page document aims […]
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Fed Announces Repo Plans into February
The Federal Reserve announced on Tuesday its plans to conduct repurchase agreement operations (repo operations) until at least mid February, extending the program that has been in place since September. However, the Fed hinted that it may be looking to end its repo plans, though no details were provided. The […]