Policy and data updates

• US President Donald Trump to name his nomination for the chair of the Federal Reserve in the next month

• UK’s Brexit department has lost its third minister in fourth months, with Joyce Anelay’s resignation, for health reasons

• Professor Richard Thaler wins Nobel prize in Economic Sciences for “contributions to behavioural economics”

• Catalonia’s parliament has approved a formal declaration of independence

• Bank of England indicate increasing concern over inflation as UK inflation reaches 5-year high at 3%

• America’s economy expanded at a faster than expected annual rate of 3% in Q3 on the back of increased investment and consumer spending

• Britain’s economy also showed more robust growth figures, with the economy growing 0.4% in Q3. This has given Bank of England officials further reason to raise its base rate when the MPC meets on the 2nd of November

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