Bank of England moves closer to August interest rate rise (news: 21/06/18)

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Alpari Market Review
Alpari Market Review
Today’s press

Bank of England moves closer to August interest rate rise

The Bank of England raised the chances of an August rate rise after its chief economist joined two other members of its rate-setting monetary policy committee voting for an immediate hike in borrowing costs.

U.S. jobless claims fall; mid-Atlantic manufacturing slows

WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions.

Dollar scales 11-month peak, oil slides ahead of OPEC

LONDON (Reuters) – Simmering trade and political tensions and a pumped-up dollar weighed on world shares on Thursday, while oil prices were under pressure before an OPEC meeting expected to increase the world’s supply of crude.

Philly Fed Index Unexpectedly Falls in June

Investing.com – The Philadelphia Fed’s manufacturing index fell in June, to a reading of 19.9 from 34.4 in May, the Philly Fed reported on Thursday.

Public borrowing in May falls to 13-year low, giving boost to Philip Hammond

Chancellor Philip Hammond has been given a boost after official figures revealed the public finances are in better shape than had been thought.

Next trading day’s important events

15:30 (GMT+3)  CA – Retail Sales (MoM) (Apr)

15:30 (GMT+3)  CA – Bank of Canada Consumer Price Index Core (YoY) (May)

Forex quotes:

USDJPY: 109.97

EURUSD: 1.1594

Indices:

S&P 500: 2751.87

NASDAQ: 7728.26

 

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