Market insights

BoE Governor Concerned About Outlook - MI281123

The Governor of the Bank of England has suggested the outlook for economic growth in the UK is going to be slow. Compounded with his prediction that interest rates won't be reduced in the foreseeable future.

This, along with technical trading, has weighed on Pound rates overnight.

Today sees a raft of Global news which could move the markets.

There's US consumer confidence followed by 5 speeches from the FED and 2 speeches from the ECB including from the President of the ECB, Christine Lagarde.

Going into tomorrow there's the Australian consumer price index followed by the New Zealand interest rate decision where analysts are expecting the rate to be kept unchanged at 5.5%.

If that wasn't enough there's house price data out from the Nationwide at breakfast tomorrow to demonstrate the health of the UK housing market.

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Economic calendar

US: 13:00 Consumer Confidence

AUS: Wednesday 00:30 Monthly Consumer Price Index

NZ: Wednesday 01:00 Interest Rate Decision

UK: Wednesday 07:00 Nationwide House Prices

As ever we look forward to looking after you and please keep an eye out for our next Insight.

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