U.S. consumer spending grows at fastest pace since 2009, savings drop (news: 30/10/17)

Today's press

• U.S. consumer spending grows at fastest pace since 2009, savings drop

  WASHINGTON (Reuters) - U.S. consumer spending recorded its biggest increase in more than eight years in September, likely as households in Texas and Florida replaced flood-damaged motor vehicles, but underlying inflation remained muted.

• Sterling strengthens as traders bet on first BoE hike in a decade

  LONDON (Reuters) - Britain’s pound strengthened against the dollar on Monday, as traders geared up for a Bank of England policy meeting later in the week that they expect will produce the first increase in interest rates in more than a decade.

• Soft German inflation backs up ECB slow tapering

  BERLIN (Reuters) - German annual inflation slowed in October and remained below the European Central Bank's target, data showed on Monday, lending support to the bank's decision to withdraw monetary stimulus only slowly.

• $6,300: Bitcoin Price Hits Record High

  Just over a week after pushing past the $6,000-mark for the first time, the world's first cryptocurrency rose to a high of $6,306.58 on the CoinDesk Bitcoin Price Index at 20:30 UTC today. The previous all-time high of $6,183 was set on October 21st and held for just eight days.