Says US and China should find solutions to the trade dispute
BOJ may be more open to debating additional easing next week - report
As we prepare to leave the EU, I’m pleased to be able to back British travellers. We want people to enjoy their hard-earned holidays and this decision will help holidaymakers’ cash go that little bit further.
1. UK Unemployment Rate The UK Office for National Statistics will publish the monthly jobs report today and it will be watched more for what it says about wages than hiring. The UK Unemployment Rate is expected to stay at 3.9% in July, the same as the previous reading....
Germany is considering a shadow budget with the aim to increase public investments beyond restrictions of national debt rules.
Structural forces unrelated to monetary policy are likely to keep rates low BOE unlikely to be able to cut rates as it did in the previous downturn BOE analysis rules out taking rates into negative territory Does not believe that a recession is overdue
UK PM Johnson says he would prefer to get an agreement, adding that a no-deal would be a failure of statecraft
We will not replace legal guarantee with a promise Backstop is a critical component of the withdrawal agreement Open to realistic, legally-binding alternatives Confident that we can find some common ground today
The UK GDP monthly release showed 0.3% expansion in July versus +0.1% expected and 0.0% previous.
UK Manufacturing output came out at +0.3% m/m in July versus -0.1% expectations and -0.2% booked in June, while total industrial output came in at +0.1% vs. -0.1% expected and -0.1% last.
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