Despite the possible progress in the negotiations between the two largest economies of the world, Donald Trump yesterday called on the office of the US Trade Representative to apply for an increase in tariffs. Thus, the Trump administration is considering the possibility of increasing tariffs for 200 billion Chinese goods from 10% to 25%. This increase may occur as early as next month, which will undoubtedly exacerbate tensions in trade relations between countries.
Yesterday the Federal Reserve published a decision on interest rates: the key rate remained at the same level of 2%, and also pointed to the strength and stability of economic growth.
After the release of the report on crude oil stocks in the US, oil prices continued to fall. At the moment Brent crude oil fell below $72 per barrel, while the WTI already costs $67 per barrel, having lost almost 1% since the beginning of today's session.
Today we expect the decision of the Bank of England on the interest rate and expect its increase by 25 basis points to 0.75%, which will be the largest indicator since 2009.
