Economic Update 12 Aug 2024 7 minute read
Heads turn towards the UK this week
After a quiet data week last week, the UK will take centre stage this week with plenty of first-tier data sets for release, including the latest figures on unemployment, inflation, growth and retail sales. The upcoming data could contribute to further speculation on the Bank of England's interest rate policy, which has held the gaze of financial markets for...
Economic Update 05 Aug 2024 6 minute read
Central banks in the spotlight this week
It’s not just the weather that is set to be a corker this week; there’s a slew of significant data releases and central bank meetings to keep economic temperatures high. This week kicks off with a statement today around 3:30pm from the new UK Chancellor, Rachel Reeves, expected to highlight a “£20bn black hole” in the...
Economic Update 29 Jul 2024 6 minute read
Is the Fed risking a recession?
Sterling weakened at the tail end of last week following the Bank of England’s decision to cut rates 25 basis points to 5.00%.The Monetary Policy Committee voted 5-4 in favour of a cut, with Governor Andrew Bailey leading the decision. However, BoE Chief economist Huw Pill voted against a cut and has warned against cutting rates aggressively soon, as...
Press Release 23 Jul 2024 3 minute read
Moneycorp expands presence in Asia with new office in Hong Kong
Moneycorp Group (“Moneycorp”), a global payments and foreign exchange company, is pleased to announce that it is expanding its presence in Hong Kong with a move to a new and larger office.
Economic Update 22 Jul 2024 9 minute read
Sterling falls after retail decline and Dollar gains on election news
The pound saw some corrections in value at the end of last week after Friday's UK retail sales showed weaker-than-expected spending for June. Sales volumes dropped by 1.2% versus the anticipated -0.6%, with the cooler, wetter weather...