GBP review

Apr 29, 2015 16:24 pm UTC| Commentary

Sterling has been a chief benefactor of the dollars retreat from multiyear highs. And the timing of it has helped temper sterling risks related to Britains big national vote for a new premier on May 7.And having baked in...

EUR review

Apr 29, 2015 16:23 pm UTC| Commentary

It took a trio of factors to help lift the euro above $1.10 against the greenback, its strongest level in eight weeks. They included: the dollars data-induced pullback, data indicating a milestone improvement for Europes...

Lower energy prices did little to boost U.S. consumer spending

Apr 29, 2015 15:14 pm UTC| Commentary

The 0.2% annualised gain will raise fears that the recovery is coming off the rails. But, over the past 12 months the domestic economy has expanded by close to 3%, which represents a clear acceleration from nearer 2% in...

U.S. headline growth to remain moderate this year and next

Apr 29, 2015 15:06 pm UTC| Commentary

In the advance estimate of Q1 GDP, the BEA estimated that the US economy grew by a tepid 0.2% q/q saar pace. Overall, this is yet another weak Q1 GDP print, repeating the pattern in recent years. Since 2010, the average...

German inflation data will reinforce hopes that recent price declines were a temporary phenomenon

Apr 29, 2015 14:56 pm UTC| Commentary

Germanys HICP inflation rate rose to +0.3% in April, from +0.1% in March, a slightly bigger rise than suggested by the regional data from the German states published earlier today and the +0.2% expected by us and the...

Another weak first quarter for the American economy

Apr 29, 2015 14:42 pm UTC| Commentary

Real GDP grew by just 0.2% (annualized) in the first quarter of 2015, underwhelming expectations for 1.0%. Personal consumption expenditures grew by 1.9%, ahead of the consensus forecast for 1.7%, but decelerating...

BoT cuts a further 25bp; risk of more cuts

Apr 29, 2015 09:50 am UTC| Commentary

The Bank of Thailand unexpectedly cut its policy rate a further 25bp today, taking the rate to a near 5-year low of 1.50%.This was the first back-to-back easing in policy since the period following 2011s floods, and...