Posted inBahrain, European Union, Germany, Middle East, Russia, Turkey, United Kingdom, World

British pound heads for a rocky ride after UK election chaos

1. Fed hike seen certain, but then what? The US Federal Reserve looks almost certain to raise interest rates for the second time this year, by 25 basis points to 1 to 1.25%. What concerns investors, though, is what happens next. When Donald Trump won last November’s presidential election, US stocks and Treasury yields soared […]