· *EUR/GBP has moved up to the descending 100 hourly SMA EUR/GBP, supported by the 21-4hr SMA. *
· *The euro benefits from the dollar's heavy correction from the highs of 96.9840 to 96.6570 while.. FXstreet.com
Britain's inflation rate rose in July for the first time in 2018, keeping the squeeze on many households' budgets, but there were signs that the pick-up was a blip and inflation might fall faster than.. Reuters India
James Smith, Developed Markets Economist at ING, notes that UK’s headline CPI picked up to 2.5% in July, driven predominantly by the sharp rise in petrol prices through the second quarter.
Analysts at Danske Bank suggest that the *UK *inflation report for July is the key release in Europe today, where they estimate CPI inflation fell to 2.3% y/y from 2.4% y/y in June.
James Smith, Developed Markets Economist at ING, suggests that it’s fair to say that the latest UK jobs report is a bit of a mixed bag as wage growth – a key part of the Bank of England’s.. FXstreet.com
The Treasury is drawing up the job advert for the next governor of the Bank of England ahead of Mark Carney's departure from the role next year.
Carney will step down at the end of June 2019 after.. City A.M.
Forget Brexit, a different type of drama is gripping the City of London.
Be it the Cheesegrater’s top floor doubling up as an arms smuggler’s HQ or some Bhangra outside the Bank of England, the.. City A.M.
Analysts at Nordea explained that sterling has been hammered (in particular versus the USD) by comments from both Mark Carney and Trade Secretary Liam Fox hinting that the implied probability of a.. FXstreet.com
Analysts at Danske Bank present a preview of next week economic reports from the UK.
*Key Quotes: *
“In the UK next week, we have several important data releases coming up. On Tuesday, we.. FXstreet.com
"The Bank of England raised rates in August for the second time in the past year, lifting Bank Rate to its highest level since 2009," analysts at Royal Bank of Canada Economic Research team point.. FXstreet.com
· *Global markets are in turmoil on Friday, with a historic plunge in the Turkish lira at the center of the chaos. *
· *The lira's decline caps a week of political news that's unnerved investors,.. Business Insider
UK economic growth doubled in the second quarter driven by stronger growth in both services and construction sectors, the initial quarterly estimate from the Office for National Statistics showed.. RTTNews
The UK economy has shrugged off the impact of the extreme weather during the first quarter of this year, with the second quarter doubling the pace of growth.
GDP grew by 0.4 per cent in the three.. City A.M.
So the Bank of England has raised interest rates to a whopping 0.75%. Might as well make the most of it, says Ruth Jackson.
The post How to make the most of the 0.25% interest-rate rise was first.. MoneyWeek
Analysts at TD Securities suggest that UK’s June activity data dump will be accompanied by the quarterly growth figure, which should garner the most market attention.
“We sit.. FXstreet.com
By George Pickering*
For the past several years, one of the most consistent themes in the world of of central banking has been the ongoing drive to incorporate blockchain technology and.. Eurasia Review