UK Inflation expected to remain steady

Consumer price index data for the month of December will be the major data point coming out of the UK next week. However, consumer prices in the United Kingdom are expected to remain elevated above 3.0% for possibly the fourth consecutive month. Due to this UK Inflation expected to remain steady. Data from the UK's Office for national statist...

2018-01-18 John Benjamin Read more
Brexit Bill faces defeat

Brexit Debacle Keeps Market Guessing Fluctuating headlines around the ongoing Brexit negotiations continue to be a source of volatility for the market, as investors clamber to react to the changing status of Theresa May’s withdrawal campaign. After securing a compromise with the DUP last week over the highly sensitive Irish border issue, the la...

2018-03-12 James Harte Read more
UK inflation rate remains flat

Last week’s economic data for the UK was a mixed bag. While inflation remained broadly flat compared to the previous month, wage data indicated worrying signs as employment numbers fell. This comes amid a SME survey result indicating that businesses were preparing to cut their overhead costs to keep up with the price increases. Brexit led unc...

2018-02-06 John Benjamin Read more
BEIJING, CHINA - SEP 17, 2017 : The photographs of Mao Zedong, Zhou Enlai and Liu Shaoqi at Wangfujing shopping area

The markets open next week with the focus on China as the 19th Communist Party congress takes place this week. The event, where President Xi is expected to speak comes in a week where inflation and quarterly GDP figures are expected to be released. It will also be a busy week for the British pound which will see the monthly inflation figures an...

2017-10-22 John Benjamin Read more
BoE_Sterling_GBP

For the 2nd time in almost one year, the EUR/GBP exchange rate attempts and fails to hit the headline-grabbing parity level 1-1.  During the Eurozone crisis, a popular opinion backed the euro to fall towards the GBP 0.50 level.  After the Brexit referendum, popular views shifted towards expecting GBP 1.0 per one euro. But EURGBP is down 5% this ...

2017-10-22 Ashraf Laidi Read more
Jobs Reports

The latest employment data from the UK showed that the unemployment rate fell further in the second quarter. However, despite the drop in the unemployment rate, wages continued to slow. Data from the UK's Office for National Statistics showed yesterday that the ILO unemployment rate fell to 4.4% in the second quarter ending June. Compared to a ...

2017-08-17 John Benjamin Read more
FOMC meeting_Fed

The week ahead will be somewhat busy with data including the release of the FOMC meeting minutes, Eurozone flash GDP estimates, the UK's inflation and wage growth data and Australia set to report its jobs report. While trading volumes continue to remain low, the broader theme has become the ongoing tensions between the United States and North Ko...

2018-02-14 John Benjamin Read more
August 2017_Market outlook_0108

The month of July saw the investor sentiment in the US dollar continue to deteriorate. The greenback came under pressure on both fronts that included economic and political developments. Inflation remained a major concern among policymakers. While the uncertainty about the stability of the Donald Trump government continued to play in the backgr...

2017-08-01 John Benjamin Read more
Sterling _ BoE_GBP

June Inflation Misses Expectations Last week’s CPI miss has seen some repricing of BOE rate-hike expectations as the market dials back its hawkish view. UK Inflation had been forecast to print 2.7% in June, but printed 2.6%, falling back from 2.9% prior. Pricing for the August meeting reached a peak of around 30% in late June and has now fallen...

2017-07-26 James Harte Read more
Pound Sterling_GBPUSD_1406

Traders took a break from the political developments in the UK and focused turned back to the economic outlook. Data released by the UK's Office of National Statistics (ONS) showed that consumer prices surged 2.9% in May. This was higher than the expected 2.7%, and a 0.3 percentage point increase from the month before. The higher than expected ...

2017-07-26 John Benjamin Read more