04/ 08/ 2016

Bank of England meets to decide on interest rate & QE

The UK’s tertiary sector is shrinking at its fastest pace in seven years, following the EU Referendum results. The UK’s biggest contributor to GDP, Services PMI, reached economists’ forecasts at 47.4.

03/ 08/ 2016

Two down, one to go – Central Banks react

Central banks across the globe have been extremely busy this week. Japan’s fiscal stimulus announcement disappointed, the Reserve Bank of Australia cut rates to record lows and the Bank of England are forecast to also slash theirs tomorrow afternoon.

02/ 08/ 2016

Markets await Reserve Bank of Australia statement

The Bank of England decision and the speculation surrounding it will continue to dominate price action this week. The markets seem to have priced in a 25 basis point cut for this Thursday, with many economists also expecting some additional policy measures to be seen.

31/ 07/ 2016

The week ahead | Greenback tumbles on weak second quarter growth

The euro gained some ground against the U.S. dollar on Friday, after the release of positive euro zone inflation data and as the Federal Reserve’s inaction at its latest policy meeting continued to dampen demand for the greenback. The dollar further dropped after the GDP data showed that the U.S. economy grew at a slower pace than expected in the second quarter, while the Japanese yen soared after the Bank of Japan’s stimulus plans under whelmed investors.