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T he pound is facing an “existential crisis” and is likely to weaken further during this year, one of Wall Street’s top banks has warned. Bank of America says sterling “finds itself in an increasingly invidious position” for reasons including “increasingly challenging” Bank of England communication. Kamal Sharma, a London-based foreign exchange strategist for the lender, said the outlook for the pound was “grim”. The warnings came as the price of oil breached $120 (£95) a barrel on Monday, hitting a two-month high amid tightness in the market and concern over supplies. Oil prices have risen amid tight supply driven by the fallout from Russia’s war in Ukraine, as well as increased demand as more economies return from Covid-related restrictions. China announced easing of its restrictions, while the European Union worked on a plan to ban imports of Russian crude. The pound has fallen about 6.6pc this year in dollar terms, leaving it as one of the worst performers among the … [Read more...] about Pound faces ‘existential crisis’, Bank of America warns
ON INDEPENDENCE Day, Joe Biden is expected to kick off his own festivities at The White House. Before POTUS and his wife, Jill Biden, can commence their Fourth of July celebration, Joe is scheduled to address some serious matters in a televised speech. What time is Joe Biden speaking today, July 4, 2022? To commemorate the Fourth of July holiday, Joe and Jill Biden are hosting an event at the White House. Scheduled to start at 5pm EST, the event's purpose is to recognize the families of individuals who have served in the military. Before they get to honoring military personnel and their loved ones, POTUS will be taking the podium to deliver remarks about a number of issues that are prevalent in the current political climate. Ahead of POTUS' Independence Day speech at 5pm EST, spokesperson Chris Meagher gave details to the Associated Press about what to expect. Read More on The US Sun PREZ ON THE MOVE Everything to know about Joe … [Read more...] about What time is Joe Biden speaking today, July 4, 2022?
Opposition is growing to new occupancy rules for second homes and holiday lets (Image: Finest Retreats) Sign up for our news briefing, including a daily special Russia-Ukraine edition SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info A petition has been launched over fears the policy will devastate a sector that underpins large parts of rural Wales without any of the hoped-for housing supply benefits. Unions, trade bodies and holiday operators have stepped up lobbying efforts as the full implications sink in. Related articles M4 chaos as furious drivers BLOCK major motorway bridge Woman spends day in police cells over bin bags she put out 8 years a From April 1, 2023, the Welsh Government will insist that self-catering properties … [Read more...] about 1,400 holiday cottage owners set to quit Wales over new occupancy rules
We can only hope that, one day soon, Andrew Bailey will wake up and realise he is the Governor of the Bank of England . Yet based on his most recent remarks at the European Central Bank conference in Portugal this week, it’s still not clear Bailey is aware of the critical role he plays in shaping UK monetary policy. “The key thing for us is to bring inflation back down to target,” he announced to a room full of bankers. Yes, this is quite the “key”. In fact we’ve been desperate for the Bank to tackle inflation for many months now, so it’s refreshing to know this is an acknowledged priority. “That is what we will do,” Bailey pronounced in his follow up. Again, good news. How? When? Is there any plan of action, apart from the Bank’s governor talking about the UK economy as if the role he plays is a minor one, at best? If there’s any generous reading to be done of Bailey’s remarks, it was the not-so-subtle indication that the Bank is considering a 50 basis points jump in … [Read more...] about Britain is becoming Europe’s sick man again and needs stronger medicine now
How To Curl Your Hair With A Straightener, Curly Hair Tutorial, Hairstyles For Medium To Long Hair Sign up and receive our free daily stars from Russell Grant SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info It is entirely normal to lose hair, and the average person can lose up to 100 hairs a day, often without noticing, according to the NHS. Women lose hair for a variety of reasons, but many are extremely self-conscious when their hair starts to thin or areas of the scalp start to bald. Express.co.uk spoke to Cally Borg , owner of Cally Borg Hair and session stylist about thinning hair, and how certain hairstyles can give the appearance of thicker hair, while some should be avoided. Related articles 'I didn't want to go to … [Read more...] about Hair expert reveals number one hairstyle to avoid if you have thin or fine hair
Unlike the Governor of the Bank of England , Andrew Bailey , I don't have any whirring computers churning out supposedly authoritative inflation and growth forecasts. I'm not able to instruct battalions of alleged experts to produce economic models. Nor do I have a highly paid chief economist with dozens of highly trained staff at my beck and call. Even so, I can tell Mr Bailey something for free. The Bank's recent forecast that inflation will reach 10 per cent by the end of the year is almost certainly undercooked. For goodness' sake, yesterday's figure was 9 per cent, and it's only May. The trajectory is sharply upward. I would have more confidence in the Bank and Mr Bailey if they hadn't consistently underestimated the growth in inflation over the past year. Twelve months ago, Threadneedle Street opined that inflation might edge above its target of 2 per cent by the end of 2021, but that would only be temporary. By November, a few doubts were creeping in. The … [Read more...] about STEPHEN GLOVER: What’s the point of our Bank of England Governor and his £575,000 salary?