Bank of England expected to cut UK interest rates today as trade war threatens economy – business live
Rolling coverage of the latest economic and financial news
- Federal Reserve warns of inflation and jobs risks amid Trump’s erratic trade strategy
- Trump expected to announce framework of UK trade agreement, sources say
Hopes that the US and UK have agreed the framework of a trade agreement have given the pound a small lift, and could push shares higher in London today too.
Sterling jumped as much as half a cent in early trading, to as high as $1.3356, before slipping back to around $1.332.
“Big news conference tomorrow morning at 10:00am, the Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!” Continue reading...
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