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Fed’s hawkish tilt has emerging markets scurrying to save currencies
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UK’s FTSE slides to 1-mo low as Fed dampens mood ahead of BoE
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German exports to UK surge amid gold rally, leaving U.S. behind
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European stocks tumble after Fed’s hawkish signal
Pound rocked by tough-talking Fed ahead of BoE decision
Date: December 19, 2024
By Harry Robertson LONDON (Reuters) – Sterling inched higher on Thursday as it recovered some of its steep losses suffered late on Wednesday when the U.S. Federal Reserve officials sent the dollar surging by scrubbing out two rate cuts from next year’s projections. The focus in UK markets on Thursday is on the Bank of...
Sterling drops before Fed policy meeting, after UK inflation data
Date: December 18, 2024
By Stefano Rebaudo (Reuters) – Sterling fell versus the dollar before the Federal Reserve’s policy meeting later on Wednesday, which could suggest a less aggressive monetary easing path in the U.S., while British inflation figures were in line with analyst expectations. Consumer prices rose by an annual 2.6% in November, although services inflation held at...
As bitcoin soars, luxury brands consider accepting crypto payments
Date: December 18, 2024
By Mimosa Spencer PARIS (Reuters) – Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors. Until recently, only a handful of luxury brands including LVMH watch...
Dollar flat before Fed meeting, 2025 rate outlook in focus
Date: December 18, 2024
By Stefano Rebaudo (Reuters) -The U.S. dollar held firm on Wednesday before the Federal Reserve policy meeting later in the session which is expected to deliver a hawkish cut, trimming rates but suggesting less monetary easing ahead. Analysts recalled that the assumption that the Fed would reduce its level of 2025 easing had propped up...
As bitcoin soars, luxury brands consider accepting crypto payments
Date: December 18, 2024
By Mimosa Spencer PARIS (Reuters) – Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors. Until recently, only a handful of luxury brands including LVMH watch...
Oil steady while market eyes Fed rate decision
Date: December 18, 2024
By Colleen Howe and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices traded in a narrow range early on Wednesday as investors remained cautious ahead of an expected interest rate cut by the U.S. Federal Reserve, while weighing up the potential supply impact of tighter sanctions on Russia. Brent futures inched up 1 cent at $73.20 a...