Would cut more than this. Alix but it looks like they actually cut more than expectations because it was 19. 75 , go into 16. 50 . It appears they did actually cut, so50 basis point it seems like it was a little deeper than even the most dovish expectations. 19. 75 , and was they cut it to 16. 5 percent. So it did exceed expectations. Alix but yet, you have the lira moving higher. I think that is never a good sign, when you have the currency moving higher when you have a 325 basis point cut. Interesting. We will have to watch that currency. That feels very much like the playbook last time we saw a cut from the turkish central bank. You have the, yes, turkish central bank. Now we are pushing ahead to the ecb. S p futures unreal, up over the 3000 mark. Hold . He rotation we seen we took a pause yesterday. Odollar euro firmer eurodollar a little firmer this morning into the ecb. A little bit of wiggle room when he market. Youre seeing a little bit of buying in the bond market in the u. S.
Here to do. Anjane an jane hill live at westminster where we continue to follow that debate as it emerged dozens of tory mps have signed a letter warning the government not to keep the country in the eu by stealth. Ill also be discussing all of your questions about the bill at half past. Also in the next hour the crisis in myanmar continues. Tens of thousands of Muslim Rohingya refugees continue fleeing the country to bangladesh after nearly two weeks of violence and Prince George starts his first day at school with a handshake, escorted by his father prince william. His mother is too ill with morning sickness to accompany them. Good afternoon and welcome to bbc news. One of the most powerful storms on record Hurricane Irma is continuing to devastate parts of the caribbean. It has almost completely destroyed the islands of barbuda and st martin ten people, including a child, have been killed and its feared that number will rise. The storm has now moved past puerto rico, where it knocke
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China’s factories are churning out more steel, cars and solar panels than its slowing economy can use, forcing a flood of cheap exports into foreign markets.
The remarks of Jerome Powell may also have a bearing on the timing of the first rate cut from the European Central Bank, a move that would directly affect the financial health of hundreds of thousands of Irish households and businesses