London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Fed’s rate cut in the balance ahead of US inflation figures September 8, 2024 The figures come out a crucial time with the Fed preparing to cut interest rates for the first time since the pandemic.
Pound’s rally fades ahead of crucial US jobs data September 3, 2024 The pound’s stunning rally has stalled as traders look for direction amid a quiet week in the data calendar for the UK. Sterling was trading 0.2 per cent lower against the dollar at around $1.311 having lost over one per cent against the greenback in the past five days. The dollar has been trading around [...]
Pound sterling reaches two-year high against the dollar as interest rate bets diverge August 27, 2024 The pound was trading just under 0.2 per cent higher against the dollar at $1.322 having traded just below $1.3250 earlier in the day.
Interest rates are coming down – but how low will they go? August 27, 2024 There will be multiple debates over the next few months about how fast and how far interest rates should be cut. But how low will they go? Chris Dorrell asks
Jackson Hole highlights: Powell’s cutting rates, Bailey’s lifting weights August 26, 2024 Central bankers from all over the world descended on the small Wyoming town of Jackson Hole last week for a session of ruminating, speculating and pontificating. Here are the four main takeaways from the annual central banking shindig.
‘Time has come’ to cut rates, Fed chair Jerome Powell says August 23, 2024 "The time has come for policy to adjust," Powell added, pointing to growing downside risks.
Federal Reserve: September rate cut ‘confirmed’ after latest releases August 22, 2024 A September rate cut looks nailed on after minutes from the US Federal Reserve’s last meeting, released last night, showed many rate-setters had considered a cut in July. Several members at the Fed’s last meeting thought there was a “plausible case” for cutting rates by 25 basis points given the progress on inflation and increases [...]
Gold hits record high on hopes of Fed rate cut August 20, 2024 The price of gold hit an all time high of $2,513.79 (£1,932.87) per ounce on Tuesday morning as investors hope the US central bank will cut interest rates. The surge in the price of the precious metal, a safe haven asset for investors due to its real world use cases and widely held intrinsic value, [...]
Pound edges above $1.30 as Fed expected to cut rates in September August 20, 2024 The pound has not traded above $1.30 on a sustained basis since mid-2022.
‘A turbocharged turnaround’: Asian stocks rebound after Monday’s global market rout August 6, 2024 "it's a turbocharged turnaround Tuesday in Asia," Deutsche Bank's Jim Reid said.