Bank of England Reports Published in August 2023
Latest results from the Decision Maker Panel survey – 2023 Q2 – Read the report
The Decision Maker Panel (DMP) is a survey of Chief Financial Officers from small, medium and large UK businesses.
UK International Reserves – August 2023 – Read the report
The Bank of England manages the UK’s official reserves on behalf of the Government.
PRA Regulatory Digest – August 2023 – Read the report
The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.
House prices see biggest yearly decline since 2009
From: The BBC
House prices are 5.3% lower compared to August last year in the biggest annual decline since 2009, according to Nationwide.
The building society said the drop represented a fall of £14,600 on a typical home in the UK since house prices peaked in August 2022.
GBP/USD AND GBP/JPY ANALYSIS AND CHARTS
From: Daily FX
After testing 1.2800 earlier in the week, cable is pressing down on a prior level of support around the 1.2550 level, and with little in the way of any economic data next week to help stem the sell-off, sub-1.25s levels are looking increasingly likely.
GBP/USD: Weekly Forecast 3rd September – 9th September
From: Daily Forex
The GBP/USD went into the weekend near the 1.25855 level and within sight of lows made earlier in the week around the 1.25600 ratio on Tuesday of last week. The GBP/USD did reach a high of nearly 1.27485 on Wednesday, and held its value higher on Thursday but started to stumble on Friday again. U.S. jobs data was published on Friday and actually came in what could be perceived as ‘favourably’ to create weaker USD price action, but that did not happen.
UK economy surpassed pre-COVID size in late 2021, new data shows
LONDON, Sept 1 (Reuters) – Britain’s economy surpassed its pre-COVID-19 size in the final quarter of 2021, a much earlier recovery from the pandemic than previously estimated and ahead of other big European countries, revised official data showed.
UK discount retailer B&M to buy 51 stores of collapsed Wilco
Sept 5 (Reuters) – British discount retailer B&M (BMEB.L) said on Tuesday it will buy 51 stores of collapsed Wilko for up to 13 million pounds ($16.29 million), a month after the homeware and household goods discount retailer went into administration.
FX Rates in August
August High: 1.1755
August Low: 1.1564
August End: 1.1652
August High: 1.2797
August Low: 1.2585
August End: 1.2714
August High: 1.1022
August Low: 1.0776
August End: 1.0900