BoJ Maintains Interest Rates, More Significant Easing During October The Central Bank of Japan (BoJ) maintained the key short-term interest rate at -0.1% at the September meeting as expected. Policymakers have also maintained the 10-year Japanese government bond yield target of 0%, but said they will carefully review economic developments at the upcoming policy meetings and provide an indication of the possibility of further stimulation in October.
UK retail sales were down 0.2% a month earlier in August 2019, slipping from a 0.4% growth in July and in line with market expectations.
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European Markets Open Down On Brexit's Recent Development Factors
European markets opened lower on Wednesday as the U.K Supreme Court rejected parliament's suspension.
British Prime Minister Boris Johnson has said he wants the general election to be held while opposition leader Jeremy Corbyn has called for his resignation.
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Brexit Slow Growth Continues To Strengthen Pound
Entering the trading session of Europe today, Pound Sterling is seen to remain weaker in the market as it continues to rebound against other major currencies. European Union (EU) Brexit chief negotiator Michel Barnier said today that they are ready to cooperate and review the Brexit operating plan from Britain. However, there is still no further development of the report.
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Sterling Slows When BoE Saunders Gives Rate Disclosure Indicators
GBP weakened on Friday on expectations that the Bank of England (BoE) was considering a decline after policymaker Michael Saunders said it was "very plausible that the next step in the Bank Rate would come down" in the unlikely scenario that Brexit uncertainty persists.
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