2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
British economy demonstrates few signs of comeback as rate lift decision gets closer
The British economy demonstrates few signs of recovering from lethargy due to the fact that the Bank of England is actually considering lifting interest rates. That’s what the British Chambers of Commerce unveiled on Friday.
The BCC's Quarterly Economic Survey of businesses informed that sales at services firms, making up the core of the UK economy were quite robust in the third quarter.
However, there weren’t any visible signs of a pick-up in investment or pay pressures, both of which Britain’s key bank expects to inch up greatly in 2018.
In general, the BCC labeled the poll as "uninspiring", pointing out that currency fluctuations, political uncertainty along with Brexit definitely affect UK businesses.
Notwithstanding confounding estimates that the 2016 vote to break up with the European Union would cause a sudden slowdown, the British economy has struggled in 2017, reporting its worst first-half performance since 2012.
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.