Latest trading commentaries...Good employment data overshadowed by politician bashing
So the second month in a row of decent job numbers which shows the private sector is keeping pace with the losses in government jobs for now. There was even a bit of light at the end of the tunnel for youth unemployment which fell slightly...
Nothing to restore any faith in sterling
After some mixed UK employment data and some less than hawkish MPC minutes, sterling remained under pressure for much of the session. Those claiming for unemployment benefits rose at its sharpest rate in fifteen months, whilst the UK unemployment rate fell to its lowest level since November last year...
Do discussions over Fed’s exit strategy suggest rates moving higher sooner rather than later?
Dominique Strauss-Kahn has resigned as managing director of the IMF. The news will make headlines, but is not likely to have a lasting impact on currency markets. If anything, there could be a small relief rally seen in the euro, which in any case has seen gains against a weakened US dollar overnight...
Sterling and yen left behind
A man in North Wales tried to take his pony on the train from Wrexham to Holyhead but the conductor refused to issue a ticket for the animal. The RSPCA is investigating the incident. The objection of the rail operator, Arriva Trains Wales, was that the pony should have been in "a fully enclosed basket or pet carrier with dimensions not exceeding 85 x 60 x 60cm"...
Mind your back Mr. Dale!
It’s got to be pretty tough being the Chief Economist at the Bank of England these days. The British economy remains vulnerable to the biggest spending squeeze since 1945 and probably two decades before Spencer Dale was even born...
BOE MPC voted 6-3 to keep rates steady
As expected, the committee voted 6-3 in the last meeting where they left rates unchanged at 0.5%. They also vote 8-1 to keep QE at £200bn. The minutes also gave us a view into how the MPC is thinking with members Weale and Dale seeing a case for a rate hike as “finely balanced” given the weak real economy and uncertain outlook...
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