newton-smith impact of strong pound exchange rate

The latest CBI Industrial Trends Survey shows UK manufacturers are at their most confident in 7 months.

February 20,2015

British pound hampered by inflation data

“The slide towards deflation is now inevitable but that won’t worry George Osborne one bit ahead of the election.” - Dennis de Jong, managing director at UFX.com

February 18,2015

Bank of America Interest Rate Forecasts

“Beyond delaying the first hike, we also take down the pace of normalization into 2016, finishing the year at 1.25% (slightly below the analysts’ consensus) against 1.75% so far.” - Gilles Moec at Bank of America Merrill Lynch Global Research.

February 17,2015

Carney sends British pound higher

“Sterling rose following the BoE report and was dealing around a cent higher against both the dollar – close to a 1-month high – and a similar amount against the euro, close to the 7-month high.” – Andy Scott at HiFX.

February 13,2015

Katja Hall responds to call on wages

“Basing wage increases on temporary market movements seems to be at odds with the long term economic plan.” - Katja Hall, CBI Deputy Director-General.

February 10,2015

mark carney

“Consumption has been the predominant driver of GDP growth recently; hence the path of average weekly earnings is important not just for inflation, but for growth too.” – Sebastien Cross at Bank of America Merrill Lynch Global Research.

February 10,2015

pound dollar falls on US Non farms

“How long will sterling buoyancy last? Watch the tone of a Feb. 12 survey from the U.K. central bank on growth and inflation.” – Joe Manimbo at Western Union.

February 9,2015

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