EUR/GBP likely to continue to grind lower towards 0.68 in next year

Dec 09, 2015 06:01 am UTC| Commentary

EUR/GBP has recovered around 3.3% since beginning of this month. With this move , the UK effective exchange rate was softened by approx 12% during the same time. The outlook for BoE interest rate policy is tied to the...

Higher wage costs limit profitability of business sector in U.S.

Dec 09, 2015 05:52 am UTC| Commentary Economy

The National Federation of Independent Business (NFIB) index of small business optimism in U.S. reduced to 94.8 in November against 96.1 in October. The index was dropped due to fall in expectations for higher sales,...

UK inflation outlook

Dec 09, 2015 05:47 am UTC| Commentary

UK inflation is continued to be weighed on by the GBP strength and weak energy prices, albeit the rises in wages are an important determinate of the inflation, which is demand-driven. November MPC minutes state that the...

BoE Policy Meeting Preview

Dec 09, 2015 05:34 am UTC| Commentary Central Banks

Bank of England Governor Mark Carney had stated back in July that the Monetary Policy Committees decision regrading the timing of adjustment of interest rates would come into relief during the turn of the year. This is yet...

Daily Economic Outlook: 9th December 2015

Dec 09, 2015 05:30 am UTC| Commentary

The Bank of England will draw domestic markets attention as November Financial Policy Committee meeting of the Bank is scheduled today. The minutes of the meeting will provide the view of the Bank on risks to the UKs...

China’s producer price deflates for 45th consecutive month

Dec 09, 2015 05:14 am UTC| Commentary

Wind of deflation seems just not ready to leave China. At one hand, Chinas producer price index failed to grow in November, while producer prices remained in deflation, just a quarter shy of four years. Producer price has...

Q3 real GDP figures to decide Hungary's MNB’s monetary policy

Dec 09, 2015 05:14 am UTC| Commentary

Industrial production in Hungary posted a solid growth of 12.7% y/y WDA in October 2015. Market expected the output to expand at the rate of 7.8%. Similarly, consumer price inflation also showed upward trend as it is...