As a central bank, trying to balance the value of the currency for which your monetary policy is responsible for, is an incredibly difficult task. There’s a Goldilocks temperature; not too hot, not too cold, that’s just right for the economy. The value of the domestic currency has to: – encourage exports, – encourage imports, […]
Growth in the UK service sector picked up pace and signaled the strongest rate of service sector output growth for four months, the latest report from Markit Economics showed yesterday. UK services PMI was up from 53.0 in January and better than forecasted (53.3) coming at 54.5. The business activity rose at the fastest pace
The Euro witnessed a mixed start to the week, initially having received a boost following the weekend’s German SPD’s vote in favor of the coalition deal. However, the upside was short-lived as sentiment soured on the Italian election’s projected outcome of a hung parliament, with both the anti-establishment 5-Star Movement and the far-right League party
The UK Markit PMI for manufacturing held a pleasant surprise despite the fact that it did not rise, but it held better than expected (55.1) coming at 55.2 down from 55.3. Still, it is the third consecutive decline and compares with the 56.9 average in Q4 17 and 55.9 average for all last year. The
The Italian election is due to be held this coming Sunday, 4th of March 2018 and Italians are preparing to choose a new Parliament and Prime Minister. Italy is not well-known for its political stability given the fact that it has had more than 60 governments and numerous prime ministers since World War II. This
February 2018 has proven to be one of the most volatile and tumultuous months for equity markets, witnessed in many years. The month has closed out with the largest fall in the main equity markets (DJIA and SPX), seen in two years. The February fall for the DJIA is -4.28%, the SPX has registered a
