Markets

Beige Book published on 6th September

Beige book published on 6th September 2017. But what exactly is the Beige Book? Beige Book Facts It is called The ‘Beige Book’ because its cover is the colour beige. It is a report published by the US Federal Reserve eight times a year. The report is published in advance …

Markets

Sterling stumbles

Sterling stumbles The pound fell both against the Euro and dollar yesterday (23/08/17) and continues to struggle. The pound fell to an eight low yesterday at $1.2782 Will the pound come under more pressure from ECB president Mario Draghi when he makes his speech at Jackson Hole on Friday? Fed …

News

Bank bail out cost 5.2 billion euros

Bank bail out cost 5.2 billion euros. I notice in the news today that the Italian government is bailing out two more of its banks at a reported cost of 5.2 billion euros (£4.6 billion; $5.8 billion). This comes not long after the Monte dei Paschi bank bail out. It’s …