The Bank of England's Inflation Report was marginally doveish. Growth forecasts were revised lower significantly acrossthe forecast period (2.5% from 2.9% in 2015, 2.6% from 2.9% in 2016) but near-term inflation outlook …
The Bank of England's Inflation Report was marginally doveish. Growth forecasts were revised lower significantly acrossthe forecast period (2.5% from 2.9% in 2015, 2.6% from 2.9% in 2016) but near-term inflation outlook revisedhigher to 0.6% for 2015 as a result of rise in oil prices.
Medium-term inflation outlook is broadly unchanged. The short-sterling curve bull-flattened after the release of the report with back-end 2016 contracts ~4bps lower.
BoE Governor Carney said GBP strength is relevant for the projected path of UK interest rates (causing a 20 pip drop in GBP), that wage developments relative to productivity and GBP strength are the biggest factors for the inflation outlook and that we can expect further pass-through of GBP strength into the UK economy after its recent rally.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
