While a proud footballing nation mourned another harrowing defeat there was still plenty to be excited about as England received its prize for coming fourth in the World Cup yesterday: a visit from US President Donald Trump. Arriving with a security convoy which looked like it had been plucked straight from the set of a Hollywood movie, the Pres...

2018-07-13 James Harte Read more
london pmi forex

The monthly PMI figures for the month of June signaled that the UK’s economy was poised for a rebound. Data from Markit/CIPS indicated a mixed report, but the overall factor was that business conditions were improving. Following the release of the PMI’s, Markit forecasts that the UK’s economy might have averaged around 0.4% in the three month...

2018-07-12 John Benjamin Read more
bank of england rate hike

The Bank of England held its monetary policy meeting last week on Thursday. As widely expected, the central bank left the key interest rate unchanged at 0.50%. However, the central bank was seen laying the ground work for a rate hike in August. However, a lot will depend on how the UK's economy fares in the second quarter of the year. Officia...

2018-06-26 John Benjamin Read more
boe inflation

The Bank of England's monetary policy meeting is scheduled for this week on Thursday. According to the economists polled and the market watchers, the UK's central bank is expected to leave interest rates unchanged at this week's meeting. The central bank had last hiked interest rates in November 2017 by 25 basis points, bringing the interest ...

2018-06-20 John Benjamin Read more
forex monthly outlook

The euro currency posted declines for the second consecutive month with the pace of declines accelerating further. The common currency fell to fresh yearly lows. The declines came following the developments in Italy and a broad slowdown in the economic activity in the Eurozone. The U.S. dollar continued to post gains amid improving economic f...

2018-06-06 John Benjamin Read more
BoE Holds Rates As Economic Data Weakens

The BoE holds rates as economic data weakens in its meeting last week, matching market expectations. The BoE was initially supposed to hike rates by 25 basis points at this month's meeting. But following a soft patch of economic data, the market expectations fell dramatically. The central bank voted with a 5 - 2 result on interest rates. Two ...

2018-05-15 John Benjamin Read more
BOE May Rate Hike Looks Doubtful

Carney Crushes May Rate Hike Hopes GBP has been under heavy selling pressure over the last two weeks following comments from BOE governor Mark Carney who surprised the market by unexpectedly dashing hopes of a May rate hike. During comments made as part of an interview with a UK broadcaster, intended for a non-market audience, the BOE chief sai...

2018-05-02 James Harte Read more
UK first quarter GDP slows

The UK's preliminary report on the first quarter GDP showed that the economy expanded at one of the weakest pace since 2012 in the first three months of the year. The data released by the UK's Office for National Statistics (ONS) showed that GDP expanded at a pace of just 0.1% for the period. [caption id="attachment_50617" align="aligncenter"...

2018-05-02 John Benjamin Read more
Firm Wage Growth Keeps BOE on Track For A Rate Hike

UK inflation has undershot expectations for the second consecutive month with core inflation printing 2.3% in March vs 2.5% expected and headline inflation printing 2.5% vs 2.7% expected. However, a portion of the latest declines can be explained away by unique events such as the fall in airfares which came despite the early Easter. Furthermore,...

2018-04-19 James Harte Read more
#PayMeToo

#PayMeToo In a year which has seen women’s rights finally break through to the forefront of popular focus with the success of the #MeToo campaign, focused on sexual harassment, another female focused campaign is taking the spotlight this week. #PayMeToo is a campaign that has been launched by a gathering of female MP’s lead by Labour MP Stella ...

2018-04-10 James Harte Read more