Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
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 breaks one resistance after another. Read the report to learn the next target for the US dollar index!
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.