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Friday, 13 November 2026

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Economy

British Pound recovers as Fed holds rates amid hawkish split

The Pound Sterling (GBP) turns positive on Wednesday as Federal Reserve (Fed) Chair Kevin Warsh highlighted economic resilience after the Fed held rates unchanged amid a split vote. GBP/USD trades near 1.3327, gaining 0…

Gold steadies near $4,000 after hawkish Fed vote split

Gold price retreats by 0.21% on Wednesday as Federal Reserve Chair Kevin Warsh said that he is unable to call financial conditions tight, even though credit conditions have tightened. The XAU/USD trades at $4,039 at the…

Australian Dollar rises as Fed holds rates steady

The Australian Dollar (AUD) rises sharply against the US Dollar (USD) after the Federal Reserve (Fed) held rates steady, despite US inflation staying well above its 2% target. The decision was not unanimous: two members…

Japanese Yen weakens as Fed hold reveals hawkish divide

The Japanese Yen (JPY) loses ground against the US Dollar (USD) after the Federal Reserve (Fed) kept rates steady on Wednesday, even though US inflation remains well above its 2% target. Of note, the decision was not un…

Why is Avepoint stock rallying today?

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Remit for the Monetary Policy Committee - October 2026

Good morning. There was a time when Bank of England interest rate announcements passed (most of us) by entirely unnoticed. A small rise here; a minor dip there: until May 2022, rates hadn’t climbed above 1% for 13 years.

Fed's Warsh: There is no soft inflation target

At the post-meeting press conference, Fed Chair Kevin Warsh explained why policymakers decided to maintain interest rates following the October meeting and took questions from reporters about the decision.