There will be a lot of disappointed borrowers in the UK after last week’s Bank of England “unchanged” interest rate decision.
What happened overnight – Monday 24th June 2024
Asian shares were mostly lower on Monday following the close of another winning week for US stocks on Friday, despite a slowdown in Nvidia’s stock from its remarkable surge.
What happened overnight – Friday 21st June 2024
US markets reopened yesterday after being closed for a public holiday on Wednesday.
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.
The week of 13th-17th May 2024- UK on course to cut interest rates in June
What intrigued me most about last week’s Bank of England’s “unchanged” interest rate decision was the press conference hosted by Governor Bailey shortly afterwards. The Bank’s committee shifted from a
FTX creditors to receive full repayment in positive resolution
FTX creditors are to be fully reimbursed following the collapse of the cryptocurrency exchange in late 2022.
The week of 6th-10th May 2024- FX focusses on the UK
Last week the Japanese authorities intervened in FX markets to strengthen the Yen. There was also some natural adjustment lower for USDJPY as US ISM data (both manufacturing and services)
The week of 29th April- 3rd May 2024- Yen jitters- huge week of data for the US
Last week the Fed’s preferred measure of inflation- PCE numbers- were released on Friday. They will not have pleased Fed Chair Powell- a champion dove- as the Headline number increased