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EU Hikes Brexit "Bill" To €100 Billion Drawing Angry Response From UK, Pound Slumps

EU Hikes Brexit "Bill" To €100 Billion Drawing Angry Response From UK, Pound Slumps

Sterling slumped overnight, and tensions between the UK and Europe escalated after EU negotiators hiked their initial demand for Birtain's Brexit bill over recent weeks, widening the divide between Brussels and London, which in turn questions whether it owes anything at all before Brexit talks start next month.

Futures Rise On Government Funding Deal; Most Global Markets Closed For Holiday

Futures Rise On Government Funding Deal; Most Global Markets Closed For Holiday

With much of Europe and Asia, including the U.K., France, Germany and China markets closed for Labor Day, Asian stocks and the dollar rose buoyed by news that Congress had reached a deal to keep the US government funded through the end of September. S&P futures are up 4 points or 0.2%. Oil declined as rigs targeting crude in the U.S. rose for a fifteenth week and output from Libya rebounded.

Bank of England Gold Vaults Bled 1500 Tonnes of Gold over 2013-2016 New Data Shows

Bank of England Gold Vaults Bled 1500 Tonnes of Gold over 2013-2016 New Data Shows

Submitted by Ronan Manly, BullionStar.com

An article in February on BullionStar’s website titled “A Chink of Light into London’s Gold Vaults?” discussed an upcoming development in the London Gold Market, namely that both the Bank of England (BoE) and the commercial gold vault providers in London planned to begin publishing regular data on the quantity of physical gold actually stored in their gold vaults.

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