Carney

For today’s most important data releases, the outcome was even worse than expected.

A growth surprise is helping sterling shrug off increasingly ferocious parliamentary battles

Currency markets have been dominated by the latest Brexit dramas

The over-reaction to the Federal Reserve’s more balanced commentary on the rates outlook than expected is starting to unwind

A few points to watch as the Bank of England updates policy

Trade talks look dicier as the global economy stalls.

BoE Governor Carney's live comments were less alarming than today's statement.

European markets opened stronger, taking their cue from a moderate rally in Asia, brought on by positive comments from President Trump’s economic advisor Larry Kudlow ahead of the meeting between the US and Chinese presidents this weekend.

The FTSE rallied on Friday but a look back at the past week shows the index has barely nudged higher than where it started.

The FTSE stared the day strongly, up over 0.50%, pulled higher by a stronger close in the US market and positive company news including Investec’s spin off plans.

It’s been a good day for the pound all round.

European shares started the week mostly flat but there is a glint of optimism in the FTSE 100 as it slowly works its way higher.

Having started the day upbeat, the FTSE proceeded to lose ground.

The FTSE started the day lower and did not recover from there, particularly after the US indexes started declining in the afternoon.

After an early dip the FTSE turned the corner helped by new enthusiasm in the US stock markets.

Although the FTSE index managed to finish the day on a higher note most European markets were lower on the day taking their cue from a weaker open on Wall Street.

Bank of England policymakers have scored a victory against complacent sterling bears.

Policymakers’ reasons for keeping the Bank rate at 0.5% were confusing, or, to put it more charitably, 'finely nuanced'

GBP/USD has been on a rollercoaster ride today and could still see more volatility to come. GBP/USD dropped in early trade as the UK unemployment level unexpectedly ticked higher to 4.4%, from 4.3%. UK earnings growth was also interpreted as soft, giving investors little reason to cheer. Wage growth at 2.5% still remains firmly below inflation at 3%, meaning that there is no sign of the squeeze on the consumer letting up. Following the release GBP/USD sold off to $1.3908.

After a positive close in the US on Friday and a strong finish overnight in Asia, bourses across Europe have moved out of the bloc in positive territory. The FTSE is only up a lacklustre 0.07% lagging behind its European counter. Given the US is closed, we are expected a slow start to the week characterised by low volumes.

The BOE kept rates and QE unchanged today, as expected. However, some BOE members are nearing their tolerance for CPI increases. Interestingly, although the BOE […]