UK Growth Continues to Show Signs of Recovery Despite Stagnant June Print
UK growth has been trending in the right direction even before the Bank of England voted to lower rates earlier this month. GBP/USD partially recovers from the July selloff
US CPI Steadies Around Estimates – USD and Treasuries Rise
The disinflationary process continues to make minor gains in the US as inflation data for July printed as expected for most measures. Dollar and treasuries rose, SPX futures oscillated
UK Headline Inflation Rises by Less Than Expected, GBP/USD Now Eyes US CPI
UK headline inflation rose from 2% in June to 2.2% in July, mainly driven by prices of gas and electricity falling by less than last year, according to the Office for National Statistics.
Euro (EUR/USD) Latest – German Economic Outlook Slumps in August
The ZEW economic outlook turned sharply lower in August with economic expectations declining at their fastest rate in two years.
UK Unemployment Rate Falls Unexpectedly, but Major Concerns Reappear
In June the UK Unemployment rate dropped, defying expectations while average earnings remained steady. However, July’s sharp rise in unemployment claims raises concern
Alibaba Stock Price Faces Headwinds Ahead of Earnings
E-commerce giant Alibaba will report on 15 August, and weaker performance is expected due to growing competition and a slowing Chinese economy.
Nasdaq 100, Dow and Dax Continue to Rebound
After recouping some of their recent losses last week, indices are looking for further gains.
British Pound (GBP) Latest – BoE Policymaker Warns on Inflation, GBP/USD Analysis
Bank of England policymaker Catherine Mann warned this weekend that the central bank’s battle with inflation continues, underpinning Sterling’s recent uplift.
Bitcoin (BTC) Testing Technical Resistance, Gold (XAU) Nudging Higher
Bitcoin has rallied sharply off Monday’s spike low but further gains are currently capped by a pair of simple moving averages.
RBA Governor Stresses Optionality amid Risks to Inflation and Growth
The RBA maintained a slight hawkish bias on Tuesday, holding interest rates despite rising unemployment and signs pointing to subdued growth in Q2. Focus on stubborn CPI