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Bank of England cuts rates with three more to come this year
There’s nothing unusual or unexpected about the Bank of England’s decision to cut rates by 25 basis points to 4.50% this month. As for the vote split, well that’s anything but. Expectations ahead of the meeting today were that eight committee members would vote for the cut and that we’d see Catherine Mann, until now the arch-hawk, vote to keep policy unchanged. After all, she didn’t vote in favour of either of the prior two rate cuts and had been voting for hikes long after the rest of the committee had decided rates had gone high enough. That is until now. Not only has Mann ended her fight against rate ... (full story)
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From dailymail.co.uk|Feb 6, 2025|16 commentsUS president Donald Trump will try to force Ukrainian president Volodymyr Zelensky to agree to a ceasefire with Russia by Easter under a peace plan, according to a report. Trump, who has long claimed that he would be able to negotiate an ending to the brutal invasion of Ukraine in a single day, is said to be working to end the war within 100 days. The unconfirmed plans, reported by Ukrainian outlet Strana, have been doing the rounds in 'political and diplomatic circles' in Ukraine, and will include a ceasefire by April 20 that would freeze Russia's steady advance, a ban on Ukraine from joining NATO, and a demand for Kyiv to accept Russian sovereignty on annexed land. post: 'TRUMP PEACE PLAN FOR UKRAINE' IS 'LEAKED': DAILYMAIL Trump's Peace Plan for Ukraine:
Ceasefire by Easter: Trump aims to have Zelensky agree to a ceasefire by April 20, stopping Russia's advance. NATO Membership: Ukraine would be barred from joining NATO under the plan.…
From forex.com|Feb 6, 2025183k jobs were added to the US economy in January, according to the ADP employment report. And that is a solid 25k above the 148 forecast, or 61k above the initial estimate of ...
From @DeItaone|Feb 6, 2025|5 commentspost: TRUMP: WE WILL DRIVE PRICE OF OIL DOWN, EVERYTHING WILL FOLLOW post: The US administration is going to have more liquid gold coming out of the ground than anybody’s ever seen before. We’re going to drive the price down, and everything else is going to follow. – US President Donald Trump #oott https://t.co/w1qTPbcJZJ
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From @zerohedge|Feb 6, 2025post: *US TREASURY SANCTIONS SOME FLEET UNDER IRAN SANCTION PROGRAM post:
U.S. ISSUES FRESH IRAN-RELATED SANCTIONS TARGETING OIL SHIPPING AND ENERGY COMPANIES: TREASURY WEBSITETreasury Targets Oil Network Generating Hundreds of Millions of Dollars for Iran’s Military Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning an international network for facilitating the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars to the People’s Republic of China (PRC). The oil was shipped on behalf of Iran’s Armed Forces General Staff (AFGS) and its sanctioned front company, Sepehr Energy Jahan Nama Pars (Sepehr Energy). This action includes entities and individuals in multiple jurisdictions, including the PRC, India, and the United Arab Emirates (UAE), as well as several vessels. Iran generates the equivalent of billions of dollars each year via oil sales to fund its destabilizing regional activities and support of multiple regional terrorist groups, including Hamas, the Houthis, and Hizballah. The AFGS utilizes networks of foreign-based front companies and brokers to enable these oil sales and shipments. “The Iranian regime remains focused on leveraging its oil revenues to fund the development of its nuclear program, to produce its deadly ballistic missiles and unmanned aerial vehicles, and to support its regional terrorist proxy groups,” said Secretary of the Treasury Scott Bessent. “The United States is committed to aggressively targeting any attempt by Iran to secure f
From ca.finance.yahoo.com|Feb 6, 2025Canadian economic activity contracted for the first time in five months in January as employment grew at a slower pace and prices heated up, Ivey Purchasing Managers Index (PMI) ...
From breakingthenews.net|Feb 6, 2025Working natural gas in storage across the United States decreased by 174 billion cubic feet (Bcf) in the week ending January 31 compared to the previous seven-day period to land ...
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- Posted: Feb 6, 2025 10:10am
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