BoE reduced the Bank Rate by 25bps to 4.75%, in line with expectations. The Monetary Policy Committee made the decision by an 8-1 vote, with Catherine Mann dissenting, preferring to keep rates steady. In its statement, BoE highlighted that a “gradual approach” to reducing policy restraint remains “appropriate,” stressing that restrictive monetary policy will need […]
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Check back for updates throughout the trading day U.S. equity futures powered higher in early Monday trading, while the dollar had its biggest pullback in two weeks and Treasury bonds rallied, as markets reacted to Read more…
Germany’s Ifo Business Climate Index declined to 85.7 in November, down from 86.5 in October, reflecting growing pessimism across key sectors of Europe’s largest economy. Current Assessment Index dropped from 85.7 to 84.3, indicating weaker Read more…
Gold price started a fresh increase above the $2,600 resistance level. WTI Crude oil prices climbed higher above $70.00 and might extend gains. Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today Gold Read more…