Economic News To Watch This Week
Highlights: last week the markets were focused on Central Banks. FED held their rates steady at <2.00% and maintained the Rate hikes in September and December which will total to 4 Rate hikes as they hinted earlier in the year. As expected, Bank Of England (BOE) hiked their Rates by 25 basis points. All Monetary Policy Committee (MPC) members unanimously voted for the Rate hike. Gov Carney highlighted the the risks arising from Brexit. Also Gov Carney did not come clear on when will the next hike be. He mentioned “limited and gradual”. The markets read his comments as dovish and GBP sold off. U.S Non-Farm Payrolls came out at a disappointing 157K jobs Vs expected 191K. Below is our weekly economic news.