By Han Tan, Chief Market Analyst at Exinity Group Risk sentiment was forced to turn lower as the Federal Reserve delivered its higher-for-longer messaging to markets, projecting fewer-than-anticipated rate cuts for 2024.
By Craig Erlam Everyone at the Bank of England undoubtedly breathed a collective sigh of relief on Wednesday, joining the rest of us, as inflation subsided much more than expected in August.
Crushing economic growth, and not stagflation, is “the real danger” and should now be the focus of the European Central Bank and the Bank of England, warned the CEO of a leading
By Lukman Otunuga, Senior Market Analyst at FXTM Investors will likely remain cautious ahead of a week packed with key data and policy decisions from major central banks. Asian shares declined on
By Craig Erlam The UK economy contracted faster than expected in July, which is weighing on the pound Wednesday morning. GDP fell 0.5%, faster than the 0.2% contraction expected, but as has
By Craig Erlam The Bank of England may have little option but to raise rates again next week, despite comments recently indicating the debate will be fairly balanced. The UK labour market
By Craig Erlam A big couple of weeks are in store for the Bank of England and Friday’s figures may support the case for a more balanced debate on September 21,
By Craig Erlam European stocks gave back the bulk of their gains Wednesday as flash PMI data points to a possible recession over the remainder of the year. The UK readings were
By Craig Erlam Recent UK economic data has been a mixed bag, with wages rising at a much-accelerated rate, but inflation decelerating as expected. While the Bank of England will be relieved
By Edward Moya Wall Street is watching a global bond market selloff get uglier as US stocks wavered late Thursday ahead of massive earnings from Apple and Amazon. A lot of economic
