by Christopher Nye | Sep 28, 2018
Given that the Federal Reserve announced its interest rate decision at around 7pm BST on Wednesday evening, the market reaction was always likely to spill over into the following day and possibly even beyond that. As expected, rates were hiked by 25 basis points to a...
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by Christopher Nye | Sep 28, 2018
Reports of a fresh row in Italy’s new government weakened the euro at the start of trading yesterday. There is speculation that the Italian government will attempt to increase next year’s budget deficit which could cause some problems with the European Commission. The...
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by Christopher Nye | Sep 28, 2018
The big release of the day from the US was the final reading of the GDP growth rate for the second quarter of 2018. It was expected to be the same as the previous reading of 4.2% and it proved just so. The dollar continued to push higher against sterling and the euro...
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by Christopher Nye | Sep 27, 2018
As expected, the Federal Reserve hiked interest rates to 2.25% yesterday. The markets had priced in the increase, which is the third such rate rise this year. The real focus of attention was on the Fed’s ‘dot plot’, which shows where policymakers believe interest...
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by Christopher Nye | Sep 27, 2018
The CBI distributive trades survey results were released yesterday and came in better than expected. Of all retailers surveyed, +23% said sales were up from the same period a year ago. While that is down from +29% in August, it is significantly above the +16%...
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