Pound Strengthens Before Scottish Vote

Pound Strengthens Before Scottish Vote

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Business

University

Hard

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The Federal Reserve has increased its forecast for the target rate on overnight loans, predicting a rise to 1.375% by the end of next year, up from a previous forecast of 1.125%. This adjustment is influenced by strong UK job numbers and the significant Scottish independence vote. Meanwhile, the yen has reacted to recent trade data, with exports slightly outperforming expectations despite a 1.2% drop, marking the first decline in two months. Imports fell by 1.5%, but the trade deficit improved for the 26th consecutive month.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the crucial vote mentioned in the text regarding Scottish independence?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the outcome of the trade data released, particularly regarding exports and imports?

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