top of page
  • richard evans

Overnight news

Good morning

- US equities higher yesterday, Asian markets follow suit

- US appear to have agreed an infrastructure spending deal

- Deal agreed with Senators is $579bio, quite a bit lower thasn original plan

- EU leaders do not agree on summit with Russia

- ECBs Schanbel says must not monetary end support too early

- UKs Frost says should not expect EU equivalence in all areas of finance

- GBP struggled after BoE rate announcement

- Haldane did vote to reduce asset purchases as expected

- GBP lower perhaps as Haldane was sole dissenter

- Haldane now leaves BoE leaving more dovish

- BoE forecasts were raised, Q2 2022 GDP raised to 5.5% from 4.25% in May

- BoE still expect impact of commodity price rises on inflation to be transitory

- Nikkei up 0.66% to 29,066

- Shanghai Comp up 1.12% to 3,606

- USDCNY fixes 6.4744 from 6.4824

- 13.00 BoE quarterly bulletin

- 13.30 US PCE, personal income, spending

- 15.00 US Michigan sentiment survey

- 15.00 Feds Kashkari speaks

- 16.35 Feds Mester speaks

- 18.00 Feds Rosengren speaks

- 20.00 Feds Williams speaks

- 20.30 CFTC position data

1 view0 comments

Recent Posts

See All

GBP higher as UK inflation falls less than hoped

Good morning Lets start with UK inflation which came out a little earlier this morning.  The good news is that it is sharply lower than it was last month and is the lowest level since December 2021. 

GBP holds gains ahead of tomorrow's inflation numbers

Good morning GBP has held recent gains against both USD and EUR, now trading at 1.2710 and 1.1705.  EURUSD is stuck around the 1.0870 area.  USDJPY broker higher, trading up from the 155.65 area to re


bottom of page