Euro under pressure as US dollar heads for 10th day of gains November 18, 2016 The euro is heading for its 10th day of declines against the US dollar due to positive data following Donald Trump's win in the race to the White House. At time of writing, the euro was down 0.2 per cent against the dollar at $1.0604. The currency is on its longest run of losses since [...]
Spot gold prices fall to five-and-a-half-month low and edge closer to $1,200 an ounce following US interest rake hike hints November 18, 2016 The price of gold fell to a more than five-month low again this morning, edging closer towards $1,200 an ounce, as US interest rate hints led the dollar to rise against most major currencies. Spot gold prices fell by around one per cent to below $1,205 an ounce this morning, before a slight rebound that took [...]
Editor’s notes: Whatever your view of him, Farage should sit in the House of Lords November 18, 2016 There are many ways to get a peerage these days. You could conduct a white-wash inquiry into the Labour party’s problem with emboldened anti-semites; you could bounce from quango to quango until a seat on the red benches is the next logical step; you could donate to a political party; or you could have the [...]
Let’s leverage Britain’s heritage as a great trading nation to lead the world in free trade again November 17, 2016 Britain has a trading legacy that few countries can rival, for hundreds of years sitting at the heart of global maritime trade, with our ports serving as a marketplace for the world. To many, this is just a legacy, alongside other traditional British hallmarks such as bowler hats and red phone boxes. But the truth [...]
Defiant Janet Yellen confirms she will stay until 2018 and defends Dodd-Frank while saying interest rate rise will come “relatively soon” November 17, 2016 Janet Yellen today confirmed she will serve her full term until 2018 as chair of the Federal Reserve, while readying markets for an interest rate rise to come "relatively soon". In testimony to the Joint Economic Committee in Washington, Yellen also strongly defended the US Dodd-Frank Act, which President-elect Donald Trump has repeatedly promised to repeal. On the [...]
Not selling itself short: SVG Capital puts the first tranche of its shares up for sale November 17, 2016 The starting gun was today fired on the winding-up of SVG Capital (SVG) following a tumultuous couple of months late this summer. Investors will be able to sell up to £350m of the company's shares from today, priced at 715p each. The offer will be open until 15 December and is part of a series of tender offers that [...]
The fourth emergency service’s shares head northwards after debt refinancing announcement November 17, 2016 Motoring group the AA today announced plans for a balance sheet shake-up in the hope of cutting some of its hefty interest costs. Shares in the company jumped over two per cent after it revealed plans to refinance hundreds of millions of pounds of its corporate debt pile, a move the AA said would save the company £8m [...]
Petrol pumps US inflation slightly higher in October November 17, 2016 US inflation increased slightly in October to reach 1.6 per cent year on year, continuing a steady upward trend in the second half of the year. Inflation increased by 0.1 per cent, with petrol prices and housing making the largest contributions. The overall energy sector increased 3.5 per cent, its largest increase since February 2013, [...]
The Federal Reserve’s Janet Yellen will discuss Trump for the first time today as investors look for clues of multiple interest rate rises November 17, 2016 US Federal Reserve chair Janet Yellen will today speak publicly for the first time since the shock election of Donald Trump as President, as investors predict a December interest rate rise. Investors will be listening closely to her testimony to the Joint Economic Committee (UK 3pm/10am EST) for further clues to a widely expected interest [...]
Cafe culture nudges Eurozone inflation higher in October November 17, 2016 Eurozone annual inflation rose to 0.5 per cent in October, driven by contributions from spending in restaurants and cafes. Up by 0.1 per cent compared with September, six of the member states recorded annual rates below zero – better known as deflation. Inflation rose in 21 EU states, which was enough to raise inflation across the region [...]