Even as pound rallies, traders wary of post-election downside, options show

Reuters | Dec 9, 2019 at 6:33 PM

Expectations of a Conservative Party victory in Thursday’s UK election have sent the pound rocketing – but some investors are hedging themselves against a surprise outcome that could deal the currency a mighty blow.

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  • Amidst pound rally, traders wary of post-election downside, options show (Reuters: Dec 9, 2019 at 6:31 PM)

BIS: U.S. banks possibly behind repo shock

Japan News | Dec 9, 2019 at 6:23 PM

LONDON (Reuters) — The unwillingness of the top four U.S. banks to lend cash combined with a burst of demand from hedge funds for secured funding could explain a recent spike in U.S. money market rates, the Bank for International Settlements said.

Fed focus on outlook for next year, beyond

Japan News | Dec 9, 2019 at 6:20 PM

WASHINGTON (Reuters) — Friday’s booming U.S. jobs report should give the Federal Reserve all it needs to stick to its plan not to cut interest rates further in the near future, so when U.S. central bankers meet this week, most of the focus will be on their outlook for next year and beyond.

BOJ mulls presenting bleaker view on output

Japan News | Dec 9, 2019 at 6:17 PM

TOKYO (Reuters) — The Bank of Japan will consider offering a bleaker assessment on factory output than in October at its rate review this month, sources said, underscoring its concern over the broadening fallout from the U.S.-China trade war and slowing global demand.