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European Open: RBNZ hold rates, Australian Consumers are Buzzing


2.43%   -  Severn Trent  (SVT.L) 
Forex: RBNZ hold rates, dollar on the back ropes
NZD is the strongest major after RBNZ held interest rates at record lows. Whilst they hinted that lower rates are still possible, they have hopes that the trans-Tasman bubble between Australian and New Zealand should support income and employment, which removes any immediate fears of a rate cut.
The US dollar index (DXY) edge lower overnight to print a fresh three-week low. It’s a touch below its 50-day eMA but trying to build support above the 23rd March low. We see the potential for a minor bounce from current levels, and bears may seek to fade into minor rallies below 92.00 resistance and its 200-day eMA on the four-hour chart. ....

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Deliveroo will reward most loyal riders with £10,000 bonus as unions warn gesture is 'PR stunt'


Food delivery giant Deliveroo has announced a £16million thank you fund for drivers but union bosses have slammed the move as a PR stunt .
The company says the fund will launch when it offers its £5billion stock market flotation in London in the coming months. 
But the leading union for courier riders has slammed the fund as a PR stunt and said it comes nowhere near compensating exploited couriers suffering working poverty .
Deliveroo has announced a £16million thank you fund for its riders with the most loyal workers set to receive up to £10,000 but unions have slammed the revelation as a PR stunt ....

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