UK finance minister speaking on Sky ahead of a key speech and reported by BBC 1 July UK will no longer hit surplus in public finances by 2019/20 We never were George. Complete pie in the sky. UK must be realistic First time for everything I guess eh George...
ECB board member out on the wires 1 July We can rule out further action next time round in theory. But hey, who trusts a central banker eh? too early for detailed view on Brexit re possible changes in ECB bond purchasing rules EURUSD steady around 1.1100 EURGBP 0.8348 EURJPY 113.92...
UK Markit mftg June PMI report 50.4 prev revised up from 50.1 GBP rallies on the better data but economy not mftg dependent so impact will be muted. Any good news though re UK may help to calm markets/help GBP right now. Markit say 99% of data collected prior to Brexit...
Australia June commodity index report 1 July 2016 prev revised up from -10.0% commodity index AUD 89.7 VS 91.1 prev revised up from 90.3 Commodity Prices measures the change in the selling price of exported commodities. The commodity sector accounts for over half of Australia's export income...
Banks have already begun to take action to shift operations out of the UK, with the governor of France’s central bank warning on Saturday that Britain’s financial services groups were at risk of losing their right to operate across the EU...
The soggy pound is on the back foot again in early trading 1 July Carney's cut/easing comments are still reverberating but given the fact that he and others on the MPC have highlighted the downside risk/ potential need for potential cuts/easing over the past year, albeit saying next moves were ex...
BOJ May core CPI ex- energy, fresh foods 1 July 2016 +0.9% prev The Bank of Japan's own calculation.Measures the change in the price of goods and services purchased by consumers, excluding food and energy. The BOJ usually pays more attention to the core inflation data...
Your economic data/event calendar for today 1 July 2016 Greetings everyone and welcome to a new month. We've had a lively 24 hours as anticipated, with the pound rightly soggy still, and now we must look ahead and wade our way through the ever increasing mess...
BoE Monetary Policy Guidance: Summer Rate Cuts Coming - RBS Research Team at RBS, notes that the Bank Of England Governor, Mark Carney, has given a clear indication that the BoE will cut policy rates over the next few months and is primed to sanction additional easing measures: ‘The economic outl...
This is the private survey manufacturing PMI. It's a different survey, different firms surveyed than in the official survey we got earlier. Tending to be smaller firms than those in the official survey. Caixin Manufacturing PMI 48.6 expected 49.2, prior 49...
The big risk is a bunch of politicians will win I guess. OK ... lets get on with it. Expectations are that the current government will win the election. But its not as if it'll be a landslide and the Opposition is in with a chance...
The Bank of Japan wants to hear your problems! Bloomberg report on enhanced communication activities at the bank: The BOJ has added its own surveys of investors and primary dealers since last year, on top of separate Ministry of Finance panel discussions with traders and economists...
The Bank of Japan's Tankan Survey. Its a survey of manufacturing and service companies designed to assess business conditions in Japan. The BOJ Tankan is conducted quarterly...
Japanese inflation data, National for May and Tokyo for June National CPI -0.4% y/y, expected is -0.5%, prior was -0.3% National CPI y/y excluding Fresh Food, -0.4% expected is -0.4%, prior was -0.3...
US energy secretary says agreed with Saudi energy minister that oil market still has more supply than demand (US energy secretary speaks after meeting with Saudi energy minister in Beijing) Says: Saudi energy minister sees oil market in balance towards the end of 2016 He expects oil market to be...
Australian Industry Group (AiG) Performance of Manufacturing Index for June comes in at 51.8 prior 51...
Dovish BOE talk adds to gains The S&P 500 is up 22 points to 2092 after briefly trading in negative territory at the start of the day. The idea isn't that global growth will be any better. It's that central banks will never hike rates and will do whatever it takes to achieve 1-2% growth...
GBP/USD dropped more than a hundred pips during the last hour as the pound tumbled across the board after comments from Mark Carney, the Governor of the Bank of England (BoE...
Apparently on social media Michael Steen the ECB press officer has apparently scotched the story. The euro's bounced but you know the saying, nothings official until it's been officially denied...
GBPUSD to 1.3245 from 1.3425. EURGBP 0.8380 from 0.8275 He's waffling on now about the possible effects of Brexit on the economy and the BOE's role in getting through it. The seed is sown though. They'll talk in July and maybe act in August...
