Bank of England

It’s the final trading session of the week, yesterday traders and politicians alike were discussing the positive UK growth figures and exiting the recession. Analysts were quick to note the 1% print was due to the Olympics and Jubilee effect rather than a sustained recovery. These contributing factors were one off events that will not be in future quarters to assist in the UK recovery. The economic ride for the UK is expected to be a bumpy one, though this positive figure has led econo…

Continue Reading →

It’s the final trading session of the week in Europe and if you are one of the Apple faithful then you might have been queuing outside an Apple store overnight awaiting the iPhone 5 release. With pre orders topping $2 million, Apple has already released a statement stating that some clients will be unable to purchase the new smart phone until the end of October. It is a problem, that many companies would love to have, being unable to meet the demand upon release of a new product, with…

Continue Reading →

The Bank of Japan unexpectedly increased is asset-purchases by 10trillion Yen, as the central bank attempts to counter the country’s economic contraction. Following the announcement Japanese stocks rallied and the Yen fell as only 5 of 21 analysts forecast the easing. Manchester United may have had a good season on the pitch, but financially their first earnings show that the lack of trophies led to an operational loss of £14.9m. Total revenues were down 3% to £…

Continue Reading →

It’s the first day of the trading week for London, following an impressive closing ceremony for the Paralympic Games. Last week’s markets ended following a disappointing US NFP report on Friday and further weak macro data out of China at the weekend. Though this led to markets getting a slight lift as it increases the likelihood of further stimulus from both the US and China. Spencer Dale of the Bank of England speaking at Trinity College Dublin over the weekend stat…

Continue Reading →

The UK government is attempting to reignite the economy with a plan to relax planning rules, to allow businesses and homes to expand and improve their properties. The expectation is that this supply side policy will help remove the bureaucracy and begin growth for the UK economy. Bank of England (BoE) announces interest rates and its asset purchase plan at 12pm (London). The benchmark interest rate is expected to be left unchanged at 0.5% and the asset purchase facility held at…

Continue Reading →

The latestquarterlysurvey from the British Chambers of Commerce (BCC) said the the UK economy has shown a few signs of improvement in the last three months. It is refreshing to see an article that ispositive, as the majority of articles highlight the potential fallout from a Euro-zone breakup. The BCC expects economic growth of 0.3% in the quarter 1 of 2012, which is in contrast to the announcement of the OECD last week which predicts the UK economy to contract. This would be quarter on quar…

Continue Reading →

On Wednesday is George Osborne’s eagerly anticipated budget for the UK, with the UK’s credit rating on negative outlook and stuttering growth, the global community is watching closely to see what new measures the Chancellor will undertake. A highly politicised issue is whether Osborne will alter the countries top income tax rate of 50p, though critics say this is a fair policy. There is little room formanoeuvre, with many factors beyond the governments control, such as rising Oil…

Continue Reading →

Overnight Asian equity markets rose after the Japanese economy shrank less than the government estimate, which saw the regional benchmark index rising after a three consecutive negative sessions. The Yen weakened against all the majors after Japan announced a record current-account deficit. A committee of UK MPs and peers have warned that ministers should detail plans for the scenario of a Euro-zone break-up“as a matter of urgency”.The National Security Strategy believe tha…

Continue Reading →