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Market Reports

9:11am, June 17th 2019

Busy week ahead, Bank of England & Fed in focus…

It’s a busy week for economic numbers as well as central bank decisions. We’ll also find out who the last 2 candidates are in the Tory party leadership race.

On the central bank front, both the BoE and Federal Reserve will be meeting and announcing updates to their policy stance. No change is expected from the Bank of England but the market is applying a surprisingly high probability that the Fed lower interest rates. This would be a surprising move considering they only recently increased rates last December. This would be one of the shortest periods in history between which the Fed have increased rates and then gone on to lower them. Both central bank meetings are highly anticipated and could create a flurry of volatility with the Fed announcing on Wednesday evening and the Bank of England Thursday lunchtime. The Bank of Japan will also meet this week with no change to policy expected either.

On the economic data front the UK will feature strongly once again. Wednesday sees the latest inflation print while Thursday hosts another retail sales report. Elsewhere, Germany’s closely watched ZEW sentiment index will be released as well as China house price index for May. In addition, by the end of the week, the Conservative Party should have whittled it down to 2 final candidates for their next leader!

Written by Viv Savani. 9:11am, June 17th 2019

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

Previous Reports

8:54am, October 14th 2019

Big week for economic data and politics…

View Report
8:51am, October 11th 2019

Sterling roars higher…

View Report
8:44am, September 18th 2019

All eyes on the Federal Reserve…

View Report


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