Market Reports
We've devised a way to ensure that we always stay right on top of developments in the currency market. Every day you'll find a new report posted on this page, looking at the latest economic issues. Each one is researched and written by a member of our team and contains valuable information for both clients and traders alike.
To keep our reports fresh, useful and up-to-date we award a bonus for the best report each month.
The latest market report
Friday September 5th 2008
Interest Rates
Yesterday the Bank of England kept Interest rates on hold at 5% for the fifth month as it struggles to sort out a slowing economy and increasing inflation rates. With the inflation rate currently more than double that of the Bank of England’s target of 2% the MPC’s decision has shown that by not cutting rates it is still concerned with high inflation. However, Ian McCafferty, (CBI economic advisor) claimed that ‘the chances of a rate cut will increase, as the slowdown improves the inflation outlook for next year.’ Not good news for the Pound as autumn begins.
James Hughes from CMC Markets went on to say ‘inflationary pressures are doubtless keeping the minds of the central bankers focused but we do need to bear in mind that oil prices have fallen dramatically over the last six to eight weeks and this will start feeding through to a degree in the future.’
The last 5 market reports
- Daily market report - Friday September 5th 2008
- Daily market report - Thursday September 4th 2008
- Daily market report - Wednesday September 3rd 2008
- Daily market report - Tuesday September 2nd 2008
- Daily market report - Monday September 1st 2008
