75 bps hike expected but TLTROs and QT on the table
Christine Lagarde, president of the European Central Bank, is expected to announce another 75 basis points hike. Bloomberg | Bloomberg | Getty Images While the European Central Bank is largely…
Business activity slows on surging energy costs
Business sentiment in the euro area dropped once again ahead of an ECB meeting where President Christine Lagarde is expected to raise rates again. Anna Moneymaker | Getty Images News…
Air fryers, blankets and warm clothes: Brits stock up ahead of tough winter
The average household energy bill is going from £1,400 to £2,500, and consumer confidence has plummeted. PROCEDURE MASK BLUE COLOR LATEX FREE DUKAL 1530 (BOX OF 50) Source link: https://www.cnbc.com/2022/10/11/blankets-and-energy-saving-devices-brits-shop-for-difficult-winter.html
Larry Summers blasts UK’s ‘utterly irresponsible’ fiscal policy
Larry Summers Cameron Costa | CNBC LONDON — Former U.S. Treasury Secretary Larry Summers on Tuesday warned that the U.K. has lost sovereign credibility after the new government’s fiscal policy…
Giorgia Meloni and far-right Brothers of Italy top vote
The political leader of the Brothers Of Italy, Giorgia Meloni. Marco Cantile | Lightrocket | Getty Images Italians are on course to elect the country’s first female prime minister and…
Italy poised for hard-right leader as country votes in snap election
Giorgia Meloni, leader of the right-wing party Fratelli d’Italia (Brothers of Italy) holds a giant Italian national flag during a political rally on February 24, 2018 in Milan, Italy. Emanuele…
Citi says sterling-dollar parity is possible as UK risks currency crisis
A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images LONDON — The U.K. risks…
European Central Bank raises rates by 75 basis points
The ECB announced a second consecutive interest rate rise to combat red-hot inflation. Daniel Roland | Afp | Getty Images The European Central Bank on Thursday announced a 75 basis…
Liz Truss set to become Britain’s next prime minister
After a drawn-out contest, the country’s ruling Conservative Party on Monday picked Liz Truss to be its new leader and the U.K.’s new prime minister. Subscribe to CNBC on YouTube.…
Euro trades at two-decade low against dollar, and it could slide further
Traders work the floor of the New York Stock Exchange during morning trading on August 15, 2022 in New York City. Michael M. Santiago | Getty Images The euro traded…