Bank of England survey bolsters view of weaker British economy (news:10/08/16)

Posted On 10 Aug 2016

By : Alpari

Comment: 0

Tag: BoE Interest Rates

Today’s Press

Bank of England survey bolsters view of weaker British economy

Growth slowed across British business services and consumer spending eased last month, a Bank of England survey showed, offering a more mixed picture of the economy than some of the gloomier indicators since June’s Brexit vote.
Global stocks ease back after earnings-driven gains

Britain”s FTSE 100 was down 0.2 percent at 6,836 while France”s CAC 40 dipped 0.3 percent to 4,454. Germany”s DAX fell 0.5 percent to 10,642. Futures augured a lukewarm opening on Wall Streets. Dow futures were flat and S&P futures edged up 0.1 percent.
U.S. dollar weakens, bonds rally on muted prospects for Fed rate hike

The greenback slid against all of its major peers, dragging the Bloomberg Dollar Spot Index down for a second day. A gauge of emerging-market currencies climbed to the highest level since July 2015. Metals were also boosted by the dollar”s retreat, with palladium, tin and zinc rising to the highest in a year. Oil fell as U.S. stockpiles expanded and Saudi Arabia was said to have raised July production to a record. U.K. government bonds extended gains after the Bank of England indicated it will stick with its current quantitative-easing plans. European stocks and most Asian shares fell.

Next Trading Day’s Important Events

00:00 (GMT+3) RBNZ interest rate & press conference

Forex Quotes:

USDJPY: 101.22
EURUSD: 1.1175

Indices:

S&P 500: 2,180.20
NASDAQ : 5,218.00

Source:: Bank of England survey bolsters view of weaker British economy (news:10/08/16)

About the Author

Alpari was founded in 1998 and is one of the world’s leading Forex brokers, offering clients a full package of the most modern financial instruments and technological solutions for online trading and investment. According to data from Finance Magnates, Alpari has been one of the largest Forex brokers in the world for a number of years. The trading turnover of the Alpari companies in 2014 was 2.5 trillion USD. Today Alpari is the world’s largest MetaTrader 4 Forex broker. The first half of 2015 saw company branches offering their services to over one million clients from over 150 countries in the world. Alpari clients have access to over 50 currency pairs and an extensive range of other instruments. The company offers the use of three trading platforms for computer and mobile applications for use with iOS and Android. Alpari is a member of international organizations such as The Financial Commission (Hong Kong) and CRFIN (Russia). Bonuses: the Alpari Bonus Program was launched in 2014 and allows clients to independently change their conditions for working on the financial market: reduce commission, save money on swaps, improve conversion rates and much more. Read More about Alpari HERE or you can visit their website direct by CLICKING HERE..