Bloomberg The pound will tumble to levels not seen since 2017 against the euro as Brexit turmoil outweighs a dovish European Central Bank, according to analysts. Sterling is likely to slide towards 92 pence per euro by year-end, about 3 percent below current levels and a rate not seen in 21 months, according to JPMorgan Chase & Co. That pessimism ...

Bloomberg Federal Reserve policy makers are discovering they likely need to shift into an even lower gear if they are to speed up the US economy. Chairman Jerome Powell and colleagues last week estimated that the so-called neutral interest rate — the level which neither stimulates nor restricts growth — now sits around 2.5 percent, down from 2.75 percent in ...

Bloomberg Goldman Sachs Group Inc. now expects the Federal Reserve to cut interest rates by 25 basis points in both July and September and isn’t ruling out the possibility of a bigger move of 50 basis points “if the news flow disappoints.” The need to get ahead of the bond market could be another reason to push Fed officials towards ...