Futures Hit New Record High As 30Y Rises Above 2%, Oil Tops $60 zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
2/8/2021 2:11:26 AM GMT
Despite continuing its recent winning streak and hitting a 2-month initially on Friday, the greenback fell across the board after release of weaker-than-expected U.S. non-farm payrolls data which triggered broad-based profit taking.
Reuters reported U.S. employment growth rebounded less than expected in January and job losses the prior month were deeper than initially thought, strengthening the argument for additional relief money from the government to aid the recovery from the COVID-19 pandemic. The Labor Department said on Friday nonfarm payrolls increased by 49,000 jobs last month. Data for December was revised to show 227,000 jobs lost instead of 140,000 as previously reported.
Angry Bailey denies attempt to scrub his name from damning LCF report
The Governor defends his handling of the scandal while he was in charge of the Financial Conduct Authority
8 February 2021 • 7:18pm
Bank of England Governor Andrew Bailey has furiously denied seeking to cover up his role in the collapse of savings firm London Capital & Finance amid a growing row over regulators failure to prevent the disaster.
Mr Bailey said he was “angry” at the suggestion he sought to have his name removed from a damning report into the scandal at the firm (LCF), which went bust owing £237m to more than 11,000 savers.
By Reuters Staff
2 Min Read
FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photograph on the first day of his new role at the Central Bank in London, Britain March 16, 2020. Tolga Akmen/Pool via REUTERS/File Photo
LONDON (Reuters) - Bank of England Governor Andrew Bailey said on Thursday that Britain’s economic performance compared with other countries during the COVID-19 pandemic was nowhere near as bad as official data has suggested.
Britain suffered the biggest real-terms drop in economic output of any Group of Seven rich nation between the first and third quarters of 2020, according to official figures, combined with one of the world’s highest COVID-19 mortality rates.