International Monetary Fund slashes UK growth forecast In its World Economic Outlook update, released on July 23, the International Monetary Fund (or IMF) downgraded its growth outlook for the United Kingdom. The IMF said that it expects the UK economy (EWU) to grow at a rate of 1.7% this year, compared with its previous forecast […]
The BOE is scheduled to release it monetary policy on July 14—the first after the United Kingdom decided to leave the European Union in a historic referendum.
Strong non-farm employment required to maintain any rate hike hopes Non-farm employment changes are one of the most important indicators the US Fed considers in deciding on monetary policy. May non-farm employment changes hit a multi-year low, which took away all probabilities of a June hike. Check out the following article for further detail on May’s […]
Critical Asian indexes were trading on a mixed note on June 27 with the Japanese and Chinese indexes leading the gains. The Nikkei 225 posted a significant gain of 2.4%, while the Dow Jones Shanghai Index rose by 1.5%.
The final GDP is scheduled for June 28, 2016. It will be the major driver of markets in the week starting June 27. The GDP is expected to rise by 1.0%.
Central banks met in Basel during the Bank of International Settlement’s annual meeting. They discussed how to control the impact of Brexit on the global economy.
This week, the markets will focus on Europe as citizens of the UK decide whether Brexit should pass in the June 23 referendum. There will be a minimal release of data from the US after a jam-packed schedule last week, led by the Federal Reserve meeting.
The major European indexes (DBEU) extended their gains from the previous day on May 25, 2016. The rise was primarily attributed to the strong release of German data.
Critical European markets were trading higher on May 12, 2016. The BoE (Bank of England) unanimously decided to keep rates unchanged at the record low.
Major European markets were trading with a negative bias on May 3. The European markets failed to build on the slight rise in the Asian indexes in late trade.
European indexes (DBEU) were trading with a slight positive bias this morning after an announcement from the European Central Bank or ECB about its decision to keep rates unchanged.
Critical European indexes (DBEU) (HEDJ) were on a downward trajectory on April 7. Global growth concerns remain as crude oil (UCO) futures fell by over 2%.
Critical European indexes continued their downward trajectory on April 1, 2016. The European indexes had a weak opening as they seemed to follow the Asian markets, which were also on a Japan-led downslide.
Critical European markets were all trading on a mixed note with a slight negative bias on March 23, 2016, at 2:00 PM EST. FEZ fell by 0.13% at 2:00 PM EST.
The pound-US dollar currency pair was on a downtrend in the new year. It saw a slight uptick on January 14, 2016. It posted a slight gain of 0.17% for the day.
The British pound fell on January 5, 2016. It came close to an eight-month low against the US dollar even though the construction activity sector rebounded in December.
The British pound fell sharply against the US dollar on December 2, 2015, due to negative manufacturing and construction PMIs for the month of November.
The pound sterling ended on a lower note versus the US dollar on November 27, 2015, as GDP growth in the third quarter slowed in line with expectations.
The British pound–US Dollar pair traded with a positive bias on the back of strong labor numbers. It posted a high of 1.5529, ending at 1.5493 on September 16—still a 0.98% increase from its opening level.
