High street lenders, including Halifax, NatWest, and Santander, have reduced their mortgage rates in anticipation of a potential Bank Rate cut.
The week of 29th July – 2nd August 2024- Interest rate announcements galore
Last week, the Bank of Canada cut interest rates by a quarter of one percent to 4.5%, US GDP impressed at 2.8% q.o.q and US Headline PCE receded to 2.5%
The week of 22nd-26th July 2024- President Biden gives way.
In a courageous move, faltering President Joe Biden has announced that he will not stand again for President and has endorsed Vice President Kamala Harris for the Democratic nomination.
The week of 15th-19th July 2024- Fed Chair Powell downplays inflation- JP Morgan’s Dimon highlights it!
Early Monday morning markets are reacting to the shock of former President Trump’s lucky escape from an assassination attempt. Cryptos spiked on Sunday morning. Gold which rallied on Friday is
The week of 8th-12th July 2024- UK vote Labour- French rebuff the right wing.
Last week the UK voted resoundingly to boot out the Conservative government and replace it with a Labour one. Around 9.7 million people voted for Labour who won 411 seats
The week of 1st-5th July 2024- French election; UK election; US Payrolls.
I’m wondering if we will have some volatility in the market this week!? French elections are pointing to a right-wing majority in parliament. UK polls predict the UK is heading
The week of 24th-28th June 2024- A week of important US data after Bank of England disappoints!
There will be a lot of disappointed borrowers in the UK after last week’s Bank of England “unchanged” interest rate decision.
The week of 17th-21st June 2024- Time for the Bank of England to step up!
There’s plenty to look forward to in the FX market this week, with several interest rate announcements scheduled across G7 and elsewhere, as well as inflation metrics from the UK,
The week of 10th-14th June 2024- US interest rate decision in focus
After last week’s strong -Non-Farm Payroll data, this week once again focuses on the US economy as we will receive an update on US inflation as well as an interest
The week of 3rd-7th June 2024- A week of interest rate cuts.
We have an exciting week in store for the FX markets with major data announcements from the US, Eurozone, Australia and Canada topping the bill.
The week of 27th-31st May 2024- Focus returns to US after UK Prime Minister announces General Election
Last week UK Prime Minister Rishi Sunak triggered a General Election set for 4th July. I was amused by the Evening Standard cartoon of 24th May (below).
The week of 20th – 24th May 2024- UK inflation numbers the pick of the week
When Bank of England Governor Bailey said that an interest cut was “not a fait accompli” for June it has been ringing alarm bells in my head ever since.