00:00 All of the economists in our survey expect a quarter point cut today. Ever since Rachel Reeves sat down from her speech, you saw the gilt market reaction because this is the biggest fiscal loosening in decades. But also Jp morgan Asset Management's Karen Ward saying that if there is a fiscal response to Trump's tariffs, then actually that …
00:00 TOM: THIS IS BLOOMBERG DAYBREAK: EUROPE I'M TOM MACKENZIE IN LONDON. > > WE HAVE INFLATION BACK BELOW THE BANK OF ENGLAND'S 2% TARGET, SO IT IS NAILED ON THIS QUARTER-POINT CUT TODAY, SO THE FOCUS IS ON THE PATH AHEAD BUT YOU HAVE SPANNERS THROWN INTO THE WORKS, RACHEL REEVES' BUDGET AND THE GILT MARKET, THE BIGGEST LOOSENING …
The story so far: On Friday, British Prime Minister Liz Truss fired Chancellor of the Exchequer Kwasi Kwarteng and dropped parts of their economic package that had been announced to tackle burgeoning inflation and sooth market turbulence. The U.K. economy has veered dangerously toward free fall in recent weeks as Ms. Truss and Mr. Kwarteng fumbled their way through defining …
Donald Trump has reacted with glee to the chaos gripping New York City's Democratic mayoral primary, after election officials there admitted that 135,000 test ballots had been mistakenly counted as real ones. Tuesday night's revelation of the botched tally came after frontrunner Eric Adams saw his lead shrink to a mere two points over rival Kathryn Garcia in the 11th …
