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Ear to the Ground
Taking centre stage were again the central banks, in particular the Bank of England and the US Federal Reserve.
Ear to the Ground
It was a busier week for economic data this week. Starting in Europe we had the European Central Bank (ECB) meet to set interest rate policy.
Ear to the Ground
There was very little in terms of UK economic data this week, anyone would think that it was the end of the summer school holidays! What we did have was the latest UK house price data, this time from Halifax.
Ear to the Ground
With UK economic data thin on the ground focus fell on the Nationwide House Price index this week.
Ear to the Ground
UK economic data was a little thin on the ground but we ended with some positive news regarding the economy. Preliminary data showed that the UK economy grew in the second quarter by 0.2%.
Ear to the Ground
We saw a small spike in equity market volatility this week, but for once the predominant driver wasn’t central banks. Instead, the credit (pardon the pun) goes to Fitch, the rating agency, who took the surprise decision to downgrade the credit rating of US federal government debt from the much coveted AAA rating to AA+.
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