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