So the UK is going to have to raise rates/intervene at some point soon to stave off GBP shorts. Jawboning won't be enough. The issue is that UK has very little FX reserves... "The UK only has net FX reserves of $80bn, less than two months’ worth of import cover." -- ING 😟
"This science is rolling; the train is moving. But instead of lamenting over this, we need to take the initiative and hop on that train, intervene and, if needed, divert it," said a speaker at a Vatican conference. @CarolGlatz via @ETC_online
Sterling skidded to an all-time low against the dollar before recovering on Monday, as investors waited to see if the Bank of England will intervene to calm concerns over government plans that could stretch the country's finances to their limit
WATCH: Sterling skidded to an all-time low against the dollar before recovering on Monday, as investors waited to see if the Bank of England will intervene to calm concerns over government plans that could stretch the country's finances to their limit
#MintPrimer | The rupee is depreciating against the dollar, prompting the RBI to intervene in the forex markets to reduce volatility. (Jagadish Shettigar & @PoojaMMisra report) Mint explains how RBI intervention works:
The wholesale price of gas dropped sharply yesterday as the EU prepared to intervene directly in energy markets. The change may be along the lines I noted on Sunday. What does this prove? Maybe that good ideas and strong government can beat the racketeering of energy companies?
Funny to see all these blue state governors and mayors begging Trump to intervene. For four years, they told us he is a racist and a fascist. Are you sure, guys, that you want a racist and fascist to help you out here? Wouldn’t you be better handling your problems on your own?
The chief executive of a MA hospital, outbid for PPE by the feds multiple times, cut a deal, paid extra, hired the trucks — and then was interrogated by the FBI and had to get his Congressperson to intervene to keep DHS from heisting the shipment.
BREAKING: in an emergency session this afternoon, Minneapolis City Council will ban chokeholds by police and require officers to intervene anytime they see unauthorized use of force by another officer.
"It breaks my heart every time I speak to one of these victims." @ICEgov can intervene before preventable crimes happen by removing individuals who have no right to be in our communities.