As expected, the Fed voted to hold interest rates at a target range of between 0.25% and 0.50%. The vote was divided, 7-3, with FOMC Members George, Mester, and Rosengren dissenting in favour of raising rates. The Fed revised down its median expectat… Read more

The six-letter ‘B’ word entered the nation’s vocabulary for the first time this year, with this Saturday the 24th of September 2016, marking three months since the UK voted to leave the EU. Caxton reviews the performance of the pound against the majo… Read more

The economic calendar was relatively light yesterday. Data showed that the Eurozone’s Current Account surplus narrowed from €39.1B to €31.5B in July. The release had little impact on the euro’s morning losses against the dollar, which it later more t… Read more

US Consumer Price Index data, out Friday afternoon, surprised to the upside, strengthening the dollar. Annual CPI inflation rose from 0.8% to 1.0% and core CPI rose from 2.2% to 2.3%. On a monthly basis, CPI rose 0.2%, with core CPI up 0.3%. Despite … Read more

Last Week’s Highlights

  • Bank of England holds interest rates
  • UK, US Retail Sales fall month-on-month
  • Fed rate hike expectations retreat further

This Week’s Highlights

  • Fed interest rate decision
  • ECB President Draghi, BoE Governor Carney spe…
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The Bank of England held interest rates at 0.25% and kept unchanged the targets for its purchases of both government and corporate bonds, as was largely expected. While post-Brexit economic indicators have rebounded more strongly than expected, leadi… Read more

The pound briefly strengthened yesterday around the release of mixed employment figures before coming under renewed pressure. Average Earnings slowed to 2.3% including bonuses and 2.1% excluding bonuses in the three months through July compared to a … Read more

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