Weekly CryptoNews
Why did Bitcoin blow off on Wednesday? What is happening in the world of crypto today? Read and find out!
UK will dodge recession
Great Britain will manage to avoid recession in 2018, but economic surge is supposed to lag the euro zone, as a Reuters survey demonstrated on Thursday.
UK consumers will perceive the pinch from wage hikes dipping to keep up with ascending prices.
It’s just over a year since UK citizens voted to break up with the European Union. The given decision knocked approximately 13% the UK pound’s value, driving inflation above the BoE’s 2% objective as imports turned to be more expensive.
According to the poll of 70 financial experts taken this week, inflation is going to hit 2.9% during the last quarter of 2017, but it won't make the key financial institution tighten its ultra-loose monetary policy soon.
Bank Rate was reduced to a record minimum 0.25% several months after the Brexit referendum and it won't be raised until 2019, as the poll states.
The previous year consumers played a decisive role in driving economic surge, but pay increases have been yielding up to inflation, and it’s supposed to continue.
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Trade the CAD on economic indicators
Canada will release CPI and Core Retail Sales data on October 19 at 15:30 MT time. Both indicators are highly important. As a result, they will affect the Canadian market a lot.
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