UK October trade deficit likely to widen

Dec 10, 2015 07:16 am UTC| Commentary

UKs trade deficit for the month of October is expected by the market consensus to be around GBP 1800 billions. In September 2015, the trade deficit in goods and services was around GBP1,353 billion, which narrowed from...

BoE may hold bank rate at 1.25% till 2017

Dec 10, 2015 07:13 am UTC| Commentary Central Banks

There is an uncertainty about the timing of the Bank of Englands hike rates. Due to weak global economic outlook and commodity prices, and the risks to growth and asset prices, analysts expect the central bank may postpone...

Renminbi comes under renewed pressure on speculations

Dec 10, 2015 07:06 am UTC| Commentary

CNY comes under renewed pressure again from the arising speculations that China would go for CNY devaluation, after being steady with SDR inclusion; and also the US Fed hike anticipations and PBoCs expected rate...

Trade War Series

Currency War Series

Another dull day from SNB?

Dec 10, 2015 07:01 am UTC| Commentary Central Banks

Swiss National Bank will announce its monetary policy decisions at 8:30 GMT today. Economic conditions Switzerland GDP is around $ 685 billion however growth rate has sharply slowed down. In third quarter economy...

Currency War Series

China likely to continue monetary easing

Dec 10, 2015 06:57 am UTC| Commentary Central Banks

China struggles from high debt level, need for deleveraging and many old sectors over capacity. PBoC will likely reduce interest rates in further quarters, in order to ease this debt burden. The RRR ratio would also...

Bank of Korea's further easing not yet ruled out

Dec 10, 2015 06:47 am UTC| Commentary Central Banks

While Koreas domestic demand and services stabilized after the MERS outbreak, the export environment and the sequential pay back in private consumption might slow down the growth momentum in fourth quarter, which might cut...

Renminbi Series

Renminbi depreciates widening offshore-onshore spread

Dec 10, 2015 06:45 am UTC| Commentary

Renminbi is coming again to the focus of FX commentary around the world as it weakens close to 1%, since IMF decided to include it in its currency reserve basket, giving it more weightage than Pound and Yen. Lack of...