1. German Trade Balance In Germany, Trade Balance for December is expected to ease to 18.1B from 19.0B. 2. Focus on Canada Unemployment Rate The Canada Unemployment Rate is expected to rise to...
The economy as a whole not yet prepared for no deal Brexit. The fog of Brexit is creating tension in financial markets, causing short-term volatility in economic data. Increasing evidence that businesses building up stockpiles as Brexit contingency planning. It would...
BOE CUTS GROWTH FORECAST, SAYS BREXIT DAMAGE HAS INCREASED At its meeting ending on 6 February 2019, the MPC voted unanimously to maintain Bank Rate at 0.75%. The world economy has continued to slow over recent months, with a broad-based softening across all regions.
The market expects the BoE keeps unchanged their benchmark interest rates at 0.75%. Also, the BoE's new inflation forecasts will be closely watched by traders. If the BoE projects a more aggressive interest rate hike outlook, it can drive the Sterling higher.
Euro-Area Growth 1.3% from 1.9% Italian Growth 0.2% from 1.2% German growth 1.1% from 1.8% Eurozone inflation 1.4% from 1.7%
1. Watch Out For The Bank Of England Rate Decision The BoE will announce its rate decision today. The market expects the BoE keeps unchanged their benchmark interest rates at 0.75%. Also, the BoE's new inflation forecasts will be closely watched by traders. If the BoE p...
The UK can request Brexit extension No deal threat not coming from EU, but set by the UK A confident solution can be found An alternative arrangement for Irish border can be explored but cannot result in deletion of the backstop Ireland will protect a singl...
US Crude oil stocks are expected to rise by 2.179M this week. Note that oil stocks rose by 0.919M barrels in last week.
US Treasury secretary, Steven Mnuchin, is speaking US economy is performing really well The objective is to get a deal with China Confident US Congress will pass new trade pact with Canada, Mexico
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