ECB 'taper' talk hits stocks, sterling hits 31-year low

ECB 'taper' talk hits stocks, sterling hits 31-year low
 

The prospect of the European Central Bank eventually winding down its bond-buying stimulus program rattled investors on Wednesday, dragging stocks lower in Europe and Asia and pushing up government bond yields.
Hawkish comments from Federal Reserve officials also saw markets firm up expectations of a U.S. rate rise before year-end, pushing the dollar higher and gold to three-month lows overnight.
Britain's pound, meanwhile, hit a three-decade low against the dollar, trading below $1.27 for the first time since 1985, and a five-year low versus the euro on concern Britain could be heading for... read more

 
5 October 2016 in World News, Views: 27
Source: Reuters
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