By Greg Smith on Monday, August 13th, 2018
in Market InsightsGBP – GDP Bounces Back Second quarter GDP was the main piece of data for the UK last week. GDP showed a rebound to 0.4% for the quarter reflecting rises in industrial production and construction. Services were more of a concern showing no growth, with exports also falling over 3.5%. Sterling fell against the USD […]
By Greg Smith on Monday, August 6th, 2018
in Market InsightsGBP – Sterling struggles after rate hike Last week, the Bank of England raised interest rates to 0.75% from 0.5%. The BoE also slightly increased its inflation forecast. The committee suggested that further modest rate increases were likely, dependent upon Brexit outcomes. There was new guidance around the ‘neutral’ interest rate which it put at […]
By Greg Smith on Monday, July 30th, 2018
in Market InsightsGBP – BoE rate hike expected In a busy week in the UK, the Bank of England will decide on an interest rate hike in addition to providing updated economic forecasts and guidance on ‘neutral’ interest rates. We expect the MPC to agree on a rate hike of 0.25%, for the second time in nine […]
By Greg Smith on Monday, July 23rd, 2018
in Market InsightsGBP – Sterling slides on weak data It was a challenging week for UK data and politics as sterling slides to recent lows against the dollar and euro. The depreciation was a reaction to weaker than expected data and uncertainty around Brexit. Inflation for June was well below forecasts at 2.4% whilst retail sales […]
By Greg Smith on Monday, April 30th, 2018
in Market InsightsGBP – sterling slides Sterling slides as recent UK economic data and comments from Governor Mark Carney suggest that the Bank of England will not raise interest rates at the next meeting on 10 May. From being a near certainty, there is now only a 20% chance that we see rates rise. Consumer price inflation, […]
Some quick example text to build on the card title and make up the bulk of the card's content.
Go somewhere