U.K. economy likely to have expanded sequentially in Q3

Oct 24, 2017 20:15 pm UTC| Commentary

The British economy continued to be greatly resilient in the immediate aftermath of the Brexit referendum in June 2016, contrary to some expectations at the time. But some of the impacts that the unexpected output put into...

Central Banking Series

Bank of Canada likely to keep policy rates on hold in October

Oct 24, 2017 19:34 pm UTC| Commentary

The Bank of Canada is likely to keep its policy rates on hold tomorrow, noted TD Economics in a research report. Market reaction is expected to hinge on significant elements of the communiqué, particularly the...

Sterling likely to stay under pressure in coming year, GBP/EUR likely to trade at 1.07 by end-2018

Oct 24, 2017 18:47 pm UTC| Commentary

The British pound has depreciated against the euro from its recent highs of about 1.14, after the increased U.K. political uncertainties about the government leadership and progress on Brexit negotiations. However, the...

Norges Bank likely to stand pat in October, no new rate path expected – Nordea Bank

Oct 24, 2017 17:59 pm UTC| Commentary

The Norwegian central bank, Norges Bank, is expected to stand pat in October, noted Nordea Bank in a research report. The central bank is unlikely to announce a new rate path. However, the central bank is expected to...

Hungarian central bank stands pat, expects economy to grow 3.6 pct in 2017

Oct 24, 2017 17:18 pm UTC| Commentary Central Banks

The Hungarian central bank kept its interest rates on hold at record low levels today. The base rate and overnight lending rates remained unchanged. According to the MPCs assessment, the Hungarian economic growth is...

U.S. service sector continues to grow at stronger rate in October

Oct 24, 2017 16:27 pm UTC| Commentary

The U.S. service sector business activity has continued to grow at a stronger rate in October. The seasonally adjusted IHS Markit Flash U.S. Services PMI Business Activity Index rose slightly to 55.9 in October from...

Operating conditions across U.S. manufacturing sector improves in October; flash PMI index rises to 54.5

Oct 24, 2017 15:33 pm UTC| Commentary

The latest survey of IHS Markit indicates towards improved operating conditions throughout the U.S. manufacturing sector. The seasonally adjusted flash U.S. Manufacturing PMI index rose to 54.5 in October from Septembers...