Another cable bid evaporates. It’s not looking great for the pound

Cable flat on the day as earlier rally erased Disappointment is the story for cable bulls in August and that continues on Friday. The pair hit an 11-month high of 1.3267 on August 2 set the table for what could have been a strong month, especially as the US dollar began to skid.

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Fed’s Kaplan sees 2017 GDP growth a little above 2%

Kaplan speaking in Dallas - Strength of US consumer is underpinning economy - US household sector has great capacity to spend Shouldn't the aim be to grow GDP-per-capita? I mean, growth is good for corporations and government tax revenues but GDP per capita is the bottom line on how effective your country is and the standard of living.

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The Danish and Turkish Straits are critical to Europe’s crude oil and petroleum trade

The Danish Straits and Turkish Straits, together transited by a combined volume of more than 5 million barrels per day (b/d) in 2016, are important chokepoints for Europe’s crude oil and petroleum liquids supply. Nearly 59 million b/d of global petroleum and other liquids production moved on maritime routes in 2015.

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China clamps down on buying spree in sports, movies and hotels

Bad news for sports teams, movie studios and hotels hoping for a big Chinese cash injection: Beijing is tightening the money spigot.

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