FOREX: GBPAUD Selloff Extends, Narrows Gap to Horizontal Support
Jul-11 12:05
* As noted, weaker-than-expected growth data from the UK and ongoing fiscal concerns are weighing ...
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US: Trump post on China Trades
Jun-11 12:05
Donald J. Trump
@realDonaldTrump
OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL BE SUPPLIED, UP FRONT, BY CHINA. LIKEWISE, WE WILL PROVIDE TO CHINA WHAT WAS AGREED TO, INCLUDING CHINESE STUDENTS USING OUR COLLEGES AND UNIVERSITIES (WHICH HAS ALWAYS BEEN GOOD WITH ME!). WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT! THANK YOU FOR YOUR ATTENTION TO THIS MATTER!
GILT PAOF RESULTS: The PAOF for the 4.50% Mar-35 Gilt was not taken up.
Jun-11 12:02
- GBP1.0625bln have been on offer.
- This leaves GBP30.365bln of the gilt in issue.
UK FISCAL: Reeves Announces GBP39B Over 10 Yrs For Affordable Homes Programme
Jun-11 12:01
Chancellor of the Exchequer Rachel Reeves delivering Spending Review.
On energy/power:
- "this government is investing in the biggest rollout of nuclear power for half a century: –A £30bn commitment to our nuclear-powered future. Yesterday ... announced £14bn for Sizewell C...We are investing over £2.5bn in a new Small Modular Reactor programme."
- "to support pioneering work taking place in West Burton in Nottinghamshire... ... we are investing over £2.5bn in nuclear fusion."
On housing:
- "am proud to announce the biggest cash injection into social and affordable housing in 50 years. A new Affordable Homes Programme – in which I am investing £39bn over the next decade. Direct government funding that will support housebuilding… …especially for social rent…"
- "last autumn I enabled greater use of financial transactions to support investment in our infrastructure… …alongside strict guardrails that ensure that money is spent wisely through our public financial institutions. And so, in line with that commitment… …I am providing an additional £10bn for financial investments including to be delivered through Homes England…"
On transport:
- "last week, ….I announced £15bn of investment in to connect our cities and towns...
- "To connect Oxford and Cambridge... I am providing a further £2.5bn for the continued delivery of East-West rail."
- "I can announce today that I am providing funding for the Midlands Rail Hub… …the region’s biggest and most ambitious rail improvement scheme for generations.."
- "I am pleased to announce £445m for railways in Wales over ten years"
