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2711, 2017

27th November 2017 – Market Update

By |November 27th, 2017|

GBP Quiet again on the data front this week from the UK - nothing of note being released today. With just the bank stress tests and Mark Carney’s speech before the month’s end. Bank of England rate hike forecasts send GBP rates higher this morning. Policymaker Silvana Tenreyro suggested [...]

2411, 2017

24th November 2017 – Market Update

By |November 24th, 2017|

GBP Yesterday GDP figures came in line with expectations at 0.4%. Having weathered the Autumn Budget and reduced forecasts for economic growth earlier in the week, GBP exchange rates suffered broad losses following downbeat IFS report - suggesting that Britain was facing two ‘lost decades’ of earnings growth. Today [...]

2311, 2017

23rd November 2017 – Market Update

By |November 23rd, 2017|

GBP Yesterday’s budget did little to the pound with the main focus still on the ongoing Brexit negotiations and monetary policy. The OBR revised productivity growth down from 7.5% to 5.7% over the next five years – its biggest ever downgrade. While March’s 2017 GDP estimate was downgraded from [...]

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