by Christopher Nye | Sep 17, 2018
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 for six months. However, it wasn’t all bad, as July’s...
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by Christopher Nye | Sep 14, 2018
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 months, inflationary pressures are clearly easing and the dollar duly...
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by Christopher Nye | Sep 14, 2018
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 tenure. Yesterday, rates were kept on hold as...
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by Christopher Nye | Sep 14, 2018
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 were always going to be unlikely....
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by Christopher Nye | Sep 14, 2018
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 credit rating agency said that Britain’s economy would flounder if...
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