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Central Banks Headlines

Dollar slips as data disappoints; sterling rises

The U.S. dollar fell across the board on Wednesday as dismal U.S. retail sales data painted a gloomy picture of the economy and supported the case for further interest rate cuts by the Federal Reserve.

Weak U.S. retail sales cast shadow over slowing economy

U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.

Germany's Weidmann says ECB should stick to inflation

The European Central bank should stick to its "narrow" mandate of safeguarding price stability in the euro zone or risk losing independence from governments, the head of Germany's central bank, Jens Weidmann, said on Wednesday.

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Last-gasp Brexit deal set to dominate fraught EU summit

European Union leaders' two-day summit in Brussels starting on Thursday will be dominated by last-gasp efforts to seal a deal on Britain's exit from the bloc despite a raft of other pressing issues, from the crisis in the Middle East to the bloc's budget.