
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
In September, Britain's authorities faced a smaller budget deficit than anticipated, although the improvement won’t probably help a lot to have minister Philip Hammond financed as he’s working on his annual budget.
As a matter of fact, September’s deficit went down from 4.958 billion pounds to 4.123 billion pounds. That’s what the Office for National Statistics informed. By the way, market experts had generally hoped it would hit 4.5 billion pounds.
Besides this, the figures pointed to a steep downward updated for August's deficit.
For the first six months of this year, Britain’s deficit stuck with 19.9 billion pounds, diving by 35% on the previous year and demonstrating the lowest outcome at this period of the year since 2002.
However, few market experts actually expect Hammond to disclose key moves in spending in his budget on October 29, just five months before the long-awaited Brexit.
Brussels and London have yet to break apart, and the UK’s official budget forecasters have told that Brexit will harm rather than help public funds.
Previously, Prime Minister Theresa May promised to stop the current austerity, although Hammond doesn’t have enough room to maneuver.
Hammond is expected to explain how he’s going to fund May's pledge of higher health spending that by 2023/24 will add up to 20 billion pounds to the National Health Service budget.
Evidently, the ageing of the British population will have public finances pressured in the years ahead before considering Brexit's hit.
Hammond is on the verge of steadily reducing national debt exactly as a share of GDP that he tells is excessively high to back a huge leap in public spending in a future recession.
As a matter of fact, in September, public debt kept to 1.79 trillion pounds, which amounts to up to 84.3% of GDP, down from 86.7% observed in the same month of last year.
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
The US Consumer sentiment will shake the market today. We are back with more news for you to enjoy!
Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.