The Bank of England's April MPC meeting (1100 GMT) is likely to bring no surprises. Although the possibility of a rate cut - to counter the risk of a prolonged period of deflation - was recently mooted by the Chief Econo…
The Bank of England's April MPC meeting (1100 GMT) is likely to bring no surprises. Although the possibility of a rate cut - to counter the risk of a prolonged period of deflation - was recently mooted by the Chief Economist Andy Haldane, remarks by other MPC members suggest that policy is likely to remain unchanged into the election.
Indeed, worries about disinflation risks will have receded a little in light of sterling retreating from its recent highs. In advance of the policy decision, UK trade data for February (0830 GMT) are likely to show a widening of the trade deficit relative to the surprising improvement seen in January, adding to anxieties about the UK's external financing position coming in advance of the uncertain election.
In Europe, the key release will be the morning's German trade and industrial production data (0600 GMT). Following the publication of weaker-than-expected factory orders yesterday, the risks for the latter are skewed to the downside relative to consensus expectations of a 0.1% monthly output gain.
US data on inventories (1400 GMT) for Feb will provide further colour for the weather-afflicted Q1 GDP picture, while weekly jobless claims data (1230 GMT) will, as ever, be of interest, especially in the context of the weaker-than-expected March employment print last week.
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…
