Fed indicates interest rises as dollar falls

Fed indicates interest rises as dollar falls

The FTSE 100 fell this morning over the US’s decision to impose $50bn worth of tariffs on Chinese goods, leading the index to fall to its lowest four-week low of 76.76 pts

Pound Sterling has risen to a two-month high following the European Central Bank’s decision to keep interest rates unchanged at 0 pc. On the other hand, the Federal Reserve has indicated that there will be two additional increases sometime this year, but despite this the US Dollar fell on the WSJ index to 0.1% to 87.15.

Brent Crude is down 2.42 per cent at $74.02 a barrel along with the US West Texas Intermediate which is also down by 2.67 percent at $65.21 a barrel. 

 

 

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