Economic News 06 To 10 August

Economic News 06 To 10 August

Economic News To Watch This Week 

Highlights:  last week the markets were focused on Central Banks. FED held their rates steady at <2.00% and maintained the Rate hikes in September and December which will total to 4 Rate hikes as they hinted earlier in the year. As expected, Bank Of England (BOE) hiked their Rates by 25 basis points. All Monetary Policy Committee (MPC) members unanimously voted for the Rate hike. Gov Carney highlighted the  the risks arising from Brexit. Also Gov Carney did not come clear on when will the next hike be. He mentioned “limited and gradual”. The markets read his comments as dovish and GBP sold off. U.S Non-Farm Payrolls came out at a disappointing 157K  jobs Vs expected 191K. Below is our weekly economic news.

Economic News 06 To 10 August

Economic News 30 July To 03 August

Economic News To Watch This Week 

This week Central Banks are in focus. Kicking off our week with Bank of Japan deciding on their Interest Rates. There’s also Canada GDP release on Tuesday. Bank Of England is expected to hike their Interest Rates by 25 basis points. The Federal Reserve is meeting on Wednesday and is expected to hold their rates at <2.00%.  We will also hear from FOMC whether they’ll still hike two more times in 2018 as stated on their last FOMC meeting. United States Non-Farm payrolls is also due for release on Friday, see NFP future dates HERE. Below is our weekly economic news to watch this week.

 

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