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Citi Bets on Europe Despite Political Uncertainty, Regional CEO

LONDON, June 20 Reuters Citigroup is looking to boost its business in Europe despite political instability on the continent spooking investors, the bank39;s new head of the region Ignacio GutierrezOrrantia said in an interview with Reuters. The U.S. bank, which last year undertook its most significant restructuring in decades, is currently placed fourth in EMEA league tables for […]
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Pound Holds Steady ahead of Bank of England Rate Decision

LONDON, June 20 Reuters The pound was little changed on Thursday ahead of a Bank of England BoE interest rate decision in which the central bank is expected to hold borrowing costs at a 16year high of 5.25. Data on Wednesday showed British inflation fell to 2, hitting the BoE39;s target for the first time since 2021. Yet stubbornly […]
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U.K. Annual CPI Inflation at 2, GBP Appreciated Upon Inflation Release, U.S. Holiday Kept Volatility Low, Gold and Crude Remained Stable, U.S. Indices were Barely Affected

Previous Trading Days Events 19.06.2024 The pound appreciated after the U.K. CPI inflation data were released. British inflation returned to its 2 target in May for the first time in nearly three years, while the closelywatched services prices rose by 5.7 indicating that services inflation is high enough to cause doubts of a cut. Markets […]
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Gold Hits TwoWeek High on Fed Rate Cut Bets

Bullion hit its highest since June 7 ANZ holds a positive view for gold Weekly jobless claims data due at 1230 GMT June 20 Reuters Gold prices touched a twoweek high on Thursday, as softer U.S. economic data increased the likelihood of interest rate cuts from the Federal Reserve this year. Spot gold was up […]
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British Equities Edge Higher ahead of BoEs Vote

FTSE 100 up 0.2, FTSE 250 adds 0.3 Tate Lyle slips after deal to buy CP Kelco for 1.8 bln J Sainsbury rises after deal to sell banking business to NatWest Bank of England vote at 1100 GMT June 20 Reuters London stocks edged higher on Thursday even as investors adopted a waitandwatch stance ahead […]
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