Friday was quiet for economic data in the UK, although BoE governor Mark Carney did deliver a speech in Dublin. The day before, Carney had talked about how a no-deal Brexit could be as damaging to the UK…
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The euro lost some ground against sterling and the dollar on Friday, but the moves weren’t all that significant. The eurozone’s balance of trade figures were released and showed that the surplus declined to €17.6 billion in July…
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The US retail sales figures for August were released on Friday and came in below expectations. New data showed they rose by just 0.1% last month when analysts had forecast a 0.4% increase. It is the smallest gain…
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The main release from the US yesterday was the inflation data for August. It had been expected to fall from 2.9% in July to 2.8%, but it actually came in at 2.7%. As the lowest reading in four…
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ECB president Mario Draghi is famed for his dovish approach to economic policy; it is entirely possible that by the time he steps down as president, the eurozone won’t have increased interest rates a single time during his…
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The Monetary Policy Committee voted 9-0 in favour of keeping interest rates on hold at 0.75% yesterday. It also left its quantitative easing programme unchanged at £435 billion. This was as expected and so any major sterling movements…
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On a day where the Bank of England and European Central Bank did as expected and voted to keep interest rates on hold in the UK and eurozone at 0.75% and 0% respectively, Moody’s issued a warning. The…
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Yesterday afternoon, we saw reports that the US is on the brink of proposing a fresh round of trade talks with the US. It marks the first time since Trump’s tariffs came into play that the US has…
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