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Bank of England steps up scrutiny of lenders

 The Bank of England is stepping up its scrutiny of banks and other lenders on credit cards, personal loans and car purchases amid fears that growing consumer debt could rebound on the banking system. Threadneedle Street is writing to the firms it regulates after reviewing the consumer credit sector, where ...

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PM Theresa May

PM attempts to reassure business on Brexit

  The Prime Minister has struck a conciliatory note to business leaders who have demanded that Britain stays in the customs union in a transition period after the legal date of Brexit in 2019. Speaking to Sky News at the G20 summit, Theresa May chose not to restate the position ...

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Yousuf Mohamed Al-Jaida

Qatari business leaders say they are confident — despite raging Gulf dispute

Several Gulf nations involved in the diplomatic freeze against Qatar may have doubled down on their list of demands, but the CEO of the Qatar Financial Centre put on a brave face in an interview with CNBC. His country, he said, has weathered worse economic conditions than those now imposed ...

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Senate Majority Leader Mitch McConnell

McConnell, Paul talk health care, just not with each other

As Republican efforts to get rid of former President Barack Obama’s health care law stall in the U.S. Senate, Kentucky’s two senators are traveling the state to talk about it. They just aren’t talking to each other. U.S. Sen. Rand Paul has emerged as one of the biggest obstacles to ...

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Peoples Bank of China Beijing

China’s Foreign-Exchange Reserves Shrank Faster Than Expected

China’s reserves dropped by $15.89 billion last month, versus a forecast $2 billion decline BEIJING—China’s foreign-exchange reserves shrank modestly in August, though at a faster pace than projected, suggesting capital outflow pressure may have increased slightly. China’s reserves, the world’s largest, fell by $15.89 billion over last month, to $3.185 ...

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Bank of England

Bank of England keeps us waiting 3 weeks – 3 reactions

The Bank of England decided not to cut rates in a move that surprised many and boosted the pound. However, it kept us waiting for the next decision, just three weeks away. Here are three reactions: Here is their view, courtesy of eFXnews: BoE On Hold As We Expected; Paving The Way To An August Rate [...]

The post BOE keeps us waiting 3 weeks – 3 reactions appeared first on Forex Crunch.

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Master Forex Currency Trader

EURUSD , GBPUSD , USDJPY and XAUUSD TA – July 15 2016

EURUSD Daily Analysis   EURUSD (1.112): EURUSD has been bullish for the past two days with price action seen clearing above 1.110 yesterday. Following the break of the inverse head and shoulders pattern yesterday, EURUSD remained largely flat with brief retest back to the broken neckline resistance of 1.110 to establish support. Further upside is [...]

The post EURUSD , GBPUSD , USDJPY and XAUUSD TA – July 15 2016 appeared first on Forex Crunch.

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