Week overview

Bank of England has not yet decided whether to cut interest rates below zero. It is necessary to study and analyze the readiness of banks for a zero or negative rate.

The Bank of England has asked British lending institutions for a response by mid-November, they are dealing with a zero bank rate, negative bank rate, or a tiered reserve formation system. After that, the regulator will start considering changes in monetary policy.

In September, the base interest rate was lowered by 0.1%
The next meeting of the regulator is scheduled for November 5.
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Financial growth in relation to most currencies. Don't buy Euros yet

Dollar - 77.1449> 0.49%

The euro went down for the first time since October 1 from 1.1824 to 1.1743, or 0.58%
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OIL

The price of oil began its recovery, contributed to reliable economic data from China, and compensated for the resumption of supplies in other regions.

China, the world's largest importer of crude oil, consumed 11.8 million barrels of oil per day in September, which is 5.5% more than in August, and 17.5% more than a year earlier, but still below the record high level of 12.94 million barrels per day

Brent LCOc1 crude futures jump 73 cents, or 1.8%, to $ 42.45 a barrel. West Texas oil (WTI) futures were up 77 cents, or 2%, to $ 40.20 a barrel.

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