The House will vote on infrastructure bill on Monday and it will be contentious 0 (0)

House majority leaders says the vote will take place
CNN’s Manu Raju that:
reports
Pelosi hinted that she doesn’t have the votes to pass it earlier today. Left-leaning Democrats don’t want to agree to this until there’s an agreement on a larger reconciliation bill. It’s tough to guess who backs down here but there could be

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Latest polls continue to pin German conservatives behind ahead of election weekend 0 (0)

German election to take place on Sunday, 26 September
Meanwhile, the Ipsos and FSG Wahlen polls earlier show that the gap is narrowing a touch but the CDU/CSU are still on the backfoot and it will be a challenge for them to come out on top this coming Sunday.

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Risk keeps on the softer side so far on the day 0 (0)

European equities modestly lower, US futures also down
All of this is keeping the dollar steadier overall with commodity currencies the laggards still on the day. AUD/USD is down 0.4% to 0.7265 and near the lows currently, but the pair continues to hold in between its key hourly moving averages of 0.7259-84.

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BOE leaves bank rate unchanged at 0.10% as expected 0 (0)

BOE announces its September monetary policy decision – 23 September 2021
– UK Q3 GDP expectations revised down by around 1% since August
– Downward revision reflects emergence of supply constraints on output
In terms of overall key messaging, I don’t see much change in the language – if any at all. The BOE remains cautious about the

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BOE’s Woods: Cautiously optimistic that China will be able to avoid Evergrande becoming a major global issue 0 (0)

Remarks by BOE deputy governor, Sam Woods
This adds to the list of central bankers who are seemingly less worried about how things with Evergrande are going to play out at the end of the day. Adam provided some colour on that in his post yesterday .

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