Euro spikes after ECB drops promise to increase bond buying
Kept rates unchanged
The euro jumped in early afternoon trading after the European Central Bank (ECB) removed commitments to increase its bond-buying programme, but re-affirmed its loose monetary policy conditions by keeping interest rates unchanged.
Seen as a small step towards normalisation from the ECB's governing council after stimulus measures were implemented during the eurozone crisis, the Bank removed a paragraph featured in previous monetary...
More on Economics
SocGen's Edwards: A recession might only be six months away
Similar to June 2007
Sterling spikes as inflation beats expectations to hit six-month high of 2.7%
Eight-week high against US dollar
BoE's Carney: China one of the biggest risks to global economy
High debt levels
Update: Carney to remain in his role until January 2020
Chancellor of the Exchequer announced today
More news
Lansdown-backed Ravenscroft acquires RLAM CI
Purchased for undisclosed sum
Brexit blog: May hits back at Chequers dismissal
Latest news and analysis
SocGen's Edwards: A recession might only be six months away
Similar to June 2007
Italy's Budget: Will it determine the fate of the country's beleaguered government bonds?
The election of an anti-establishment government in Italy sent investors fleeing and Italian government bonds (BTPs) witnessed record outflows earlier this year. Antonio Ruggeri, manager of the OYSTER European Corporate Bonds fund at SYZ Asset Management,...