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"The British pound's sudden plunge on Friday rattled markets, and will remain a big focus in the week ahead in Europe, according to Antonia Oprita, senior editor and columnist with Real Money. 'We're beginning to see comments regarding an increase in inflation that could be caused by this continued weakness of the pound,' said Oprita. Video provided by TheStreet", www.usatoday.com
"U.S. stocks moved lower Thursday, despite a fall in weekly jobless claims. The number of people filing for unemployment benefits fell 5,000 to 249,000 this week, pushing the four-week average down by 3,000. Oil prices broke $50 a barrel for the first time in four months as fresh data showed U.S. crude inventories continuing to decline. Video provided by TheStreet", www.usatoday.com
"The Bank of England left benchmark interest rates unchanged Thursday, after cutting them in August, paving the way for the Federal Reserve to do the same thing next week when it holds its September meeting. 'The Bank of England really didn't shift its view from August,' said Simon Smith, chief economist at FxPro in London, adding that he doesn't see the Fed raising rates next week. Video provided by TheStreet", www.usatoday.com
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