Dollar near one year high, Fed tightening in focus
The dollar hovered near a one-year high versus major peers, following a two-day surge. This is in the middle of expectations for a tapering of Federal Reserve stimulus from November and a possible interest rate hike in late 2022. The safe-haven greenback also saw a bid on worries the Fed could start to tighten into […]
BoE to penalize fossil fuel financing says UK lawmakers
The Bank of England was called on help to tackle climate change, by the UK lawmakers. This is by boosting the investment in green finance and by penalizing banks that finance the fossil fuel industry. The intervention by a cross-party group of 51 lawmakers comes ahead of the COP26 global climate talks, that is to be held in […]
EU pressure should be waited out all banks, says Bank of England
Bank of England Governor Andrew Bailey said that all the Banks should hold their nerve in the face of European Union pressure to shift euro derivatives clearing from London to the bloc. Since Britain fully left the EU, the bloc has asked banks to move euro clearing from London. This has resulted in the bulk of activity, […]