Nancy Pelosi Announces Formal Impeachment Inquiry of Trump

Nancy Pelosi Announces Formal Impeachment Inquiry of Trump – New York Times

Speaker Nancy Pelosi said the House would begin formal impeachment proceedings against President Trump, ending months of caution by Democrats.

Read More

Pound Rallies, Stocks Slip on Supreme Court Ruling

TPound Rallies, Stocks Slip on Supreme Court Ruling – Reuters

Sterling extended gains on Tuesday while eurozone stocks tumbled after Britain’s Supreme Court ruled that British Prime Minister Boris Johnson had acted unlawfully when he advised Queen Elizabeth to suspend Parliament this month.

Read More

European Commission Raises Hopes of a Brexit Deal

European Commission Raises Hopes of a Brexit Deal – Financial Times
Jean-Claude Juncker, European Commission president, has opened the door to a possible Brexit deal, saying he was ready to scrap the controversial Irish “backstop” if Boris Johnson came up with a viable alternative.

Read More

Fed Cuts Interest Rates, Signals Holding Pattern for Now

Fed Cuts Interest Rates, Signals Holding Pattern for Now – Reuters

The US Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signalled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump.

Read More

UK Supreme Court to Hear More Arguments on Suspension of Parliament

UK Supreme Court to Hear More Arguments on Suspension of Parliament – Reuters

Britain’s Supreme Court will continue hearing legal arguments on Wednesday from the government and its opponents on whether Prime Minister Boris Johnson acted unlawfully when he decided to suspend parliament in the run-up to Brexit.

Read More

The FX Market’s New Benchmark – $6.6 Trillion

The FX Market’s New Benchmark – $6.6 Trillion – Profit & Loss

The number used globally to measure the size of the FX market will be set at $6.6 trillion per day after the Bank for International Settlements released the results of its Triennial Survey for Foreign Exchange Turnover.

Read More