So... the UK government is not the only governing body expecting countries to keep within a budget. Give the man a

EU Turns Deaf Ear on Germany Demand for Strict Fiscal Rules

There is a big deal being made about wage rises in the majority of services. Seems they think that it will be inflationary! Do you think this is smoke and mirrors ... some serious inflation is just what they need to reduce the debt to GDP ratio.

UK's taxes are at a 70-year high. But its finance minister won't splash the cash at upcoming...

Please may I have a knighthood? After all I have written to Nadine Dorries several times....

UK's taxes are at a 70-year high. But its finance minister won't splash the cash at upcoming...

Here... have some more Koolade

Biden says Xi faces ‘enormous problems’

... so I guess that pegs the Yuan to the US$

Poszar Was Right: Saudis Confirm Non-US Dollar Oil Trade Plans In Davos

You just have to feel for him ....

Elon Musk becomes first person ever to lose $200 billion

There has been an astounding lack of performance evident in the UK government. The apparent 'leader' on the Brexit bandwagon was merely a bandit with self interest prominent in his list of priorities. Alas it will not get better ... there are no ...

Brexit has cracked Britain’s economic foundations

A few years ago they enlisted Goldman Sachs to dump Yen at something like 3am Japanese time.

Japan intervenes in currency market to support yen: Nikkei

They intervened a few weeks ago ... lasted about 2 days IIRC This kind of intervention is pointless unless it is sustained. When the Yen was strong, and BoJ was intervening periodically, it was of little use. It was not until Shinzo Abe (r.i.p.) ...

Japan intervenes in currency market to support yen: Nikkei

After securing the export market for LNG it would seem a bit churlish to prohibit the export of same.... url

White House rules out ban on natural gas exports this winter- Reuters

£/$ did not go below 1.00 just yet..... url

Pound to US Dollar Rate Going Below Parity Before Year-end says Nomura

An interesting 'budget' ... let's see what effect lowering prices by up to £2,500 has on the market ...

UK Data - Rightmove House Prices for September +0.7% m/m (prior -1.3%)

Their CPI was surprisingly higher at the beginning of the month, also their unemployment rate reduced by 0.1% recently .. so maybe they are trying to be ahead of the game. However the Swiss don't seem to be suffering currency outflows so ....?

Japan Top Currency Diplomat Kanda: Took Decisive Action In Forex Market

There must be a sizeable number of zombie companies in Japan if the BoJ is avoiding lifting its rate above zero

Japan MoF Kanda: The size of the FX intervention is normally announced at the end of the month

You are correct ... I am confused with the SNB who just raised their rate to +0.50%

Japan Top Currency Diplomat Kanda: Took Decisive Action In Forex Market

BoJ raised the rate to 0.50% at their last meeting. First time +ve for many years. Oops.... I just looked and seems the rate is still -0.1%

Japan Top Currency Diplomat Kanda: Took Decisive Action In Forex Market

Maybe bounce at 143.50 ... let us watch

Japan Top Currency Diplomat Kanda: Took Decisive Action In Forex Market

Wait..... 500 pips is typical for this type of intervention but the BoJ/Government may have a short-term target in mind

Japan Top Currency Diplomat Kanda: Took Decisive Action In Forex Market

Are you aware that Western governments have expelled Russia from the SWIFT clearance system and impounded foreign reserves held outside Russia? That move prevents countries from paying Russia in USD, AFAIK

Gazprom says it has signed deal for China to pay for Russian gas in national currencies