Menu
-
World News
Iran has agreed to limit its nuclear ambitions in return for leaner sanctions placed on the country. This has led to the price of oil plummeting back towards $108 a barrel. This will help inflationary pressures around the world and especially in China where there import 20% of Iran’s oil exports.
UK Market News
The bank of England has warned that it may take years for the UK economy to return to “normal,” and that interest rates would remain low for some time, but that we were moving in the right direction.
Asia
Australia’s central bank, Reserve Bank of Australia (RBA), is increasingly concerned about the strength of their currency and is looking to intervene in the market to stem it. Currently they are assessing their options, but with interest rates already at 2.5% and a booming property market, they risk inflaming it with cheap money.
