In the very early hours of this morning, UK Prime Minister Theresa May and European Council President Donald Tusk announced another extension to Brexit had been agreed. Instead of crashing out without a deal tomorrow, Britain now has until October 31st to decide what it will do about Brexit.
Read moreSince the March meeting of the FOMC, there have been so big moves in the US treasury curve. Chairman Jerome Powell struck a positive but Dovish tone. He claimed that the 'underlying economic fundamentals are still strong.' This was despite Fed forecasts that are predicting slower short term growth and lower inflation.
Read moreToday the Federal Reserve is expected to hike interest rates for the third time since the financial crisis. This is expected to be the first of 3 hikes in 2017, as the US economy is seen as strong enough to handle multiple hikes a year.
Read moreYesterday German bond yields fell to record lows amidst fears that the far right could win the French Election.
Read moreNormally, the Bank of England’s Quarterly Inflation Report will be the most important document for the future of the UK economy on the day it is published. Today though it is taking a backseat to the White Paper released detailing (for want of a better word) the Government’s plan for Brexit.
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