The Bank of England voted yesterday for a package of monetary easing measures aimed at providing additional support to the British economy and to achieve a sustainable rate of inflation that is more aligned with its 2 percent target.
The Bank of England predictably cut its Bank Rate to 0.25 percent, a record low, increased the purchase of up to £10 billion of UK corporate bonds; and expanded its asset purchases for UK government bonds of £60 billion, pushing the total to £435 billion.
U.S. Presidential Polls
Latest U.S. presidential poll results show Clinton is stretching her lead over Republican nominee Donald Trump whose controversial comments over the past 2 weeks have alienated him from his Republican establishment base.
A Rasmussen report today shows Clinton with a +4 point lead.
A Franklin and Marshall poll taken in Pennsylvania, a battleground state, shows Clinton with an +11 point advantage and a Fox News poll released yesterday has Clinton with a +10 lead.
In Michigan, a Detroit News/WDIV poll shows Clinton with a +9 point lead.