BOE Says Slack Has Fallen as Carney Puts Focus on Weak Wages

The Bank of England said the amount of spare capacity in the economy has fallen as it lowered its forecast for wage growth and said it will put more weight on earnings in its policy assessment. In their Inflation Report published in London today, policy makers led by Governor Mark Carney said th…

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BOE Says Slack Has Fallen as Carney Puts Focus on Weak Wages

BOE Says Slack Has Fallen as Carney Puts Focus on Weak Wages

The Bank of England said the amount of spare capacity in the economy has fallen as it lowered its forecast for wage growth and said it will put more weight on earnings in its policy assessment. In their Inflation Report published in London today, policy makers led by Governor Mark Carney said th…

View original post here: 
BOE Says Slack Has Fallen as Carney Puts Focus on Weak Wages

Unexpected drop in euro zone output clouds recovery hopes further

Euro zone industrial production contracted unexpectedly for a second month in a row in June, further denting hopes of a stronger recovery as the bloc starts to take the hit from conflict in Iraq, Ukraine and Gaza, data showed on Wednesday. Output at factory gates single currency bloc fell 0.3 pe…

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Unexpected drop in euro zone output clouds recovery hopes further

Unexpected drop in euro zone output clouds recovery hopes further

Euro zone industrial production contracted unexpectedly for a second month in a row in June, further denting hopes of a stronger recovery as the bloc starts to take the hit from conflict in Iraq, Ukraine and Gaza, data showed on Wednesday. Output at factory gates single currency bloc fell 0.3 pe…

Here is the original:
Unexpected drop in euro zone output clouds recovery hopes further

Surprisingly weak China July money data cast doubts on recovery’s durability

The amount of money flowing into China’s economy slowed to the lowest level in nearly six years in July, adding to fears that a sustained recovery may be at risk in the second half of the year despite government efforts to shore up growth. Both the central bank and economists had expected some p…

Read the original here:
Surprisingly weak China July money data cast doubts on recovery’s durability

Surprisingly weak China July money data cast doubts on recovery’s durability

The amount of money flowing into China’s economy slowed to the lowest level in nearly six years in July, adding to fears that a sustained recovery may be at risk in the second half of the year despite government efforts to shore up growth. Both the central bank and economists had expected some p…

Read the original here:
Surprisingly weak China July money data cast doubts on recovery’s durability

Intraday Outlooks For EUR/USD, GBP/USD, USD/CAD, NZD/USD – SEB

The following are the intraday outlooks for EUR/USD, GBP/USD, USD/CAD, and NZD/USD as provided by the technical strategy team at SEB Group. EUR/USD: Buyers keep responding. Yet another lower ‘shadow’ marks support below 1.3450 and highlights the potentially bullish divergence between the trend …

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Intraday Outlooks For EUR/USD, GBP/USD, USD/CAD, NZD/USD – SEB