UK economy gains pace, puts BoE rate hike firmly on track (news: 25/10/17)

Today's press

• UK economy gains pace, puts BoE rate hike firmly on track

  LONDON (Reuters) - Britain’s sluggish economy perked up slightly during the past three months, an unexpected boost that clears the way for the Bank of England to raise interest rates next week for the first time in a decade.

• Dollar boosted by Fed leadership talk; Aussie dives

  The dollar traded near a three-month high against the yen on Wednesday, underpinned by reports that Republican senators were favoring John Taylor to become the next head of the U.S. Federal Reserve.

• U.S. durable goods data suggests strong business equipment spending

  WASHINGTON (Reuters) - New orders for key U.S.-made capital goods increased more than expected in September and shipments rose for an eighth straight month, pointing to robust business spending that should help to mitigate the impact on the economy from the hurricanes.

• More Rumors Amazon Could Accept Bitcoin as All Eyes on Conference Call

  Further rumors are surfacing that Amazon will announce a Bitcoin-related innovation Thursday, as a German newspaper fuels speculation.