Bank of England Reports Published in August 2021
Bank Rate maintained at 0.1% – August 2021 – Read the report
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.
Monthly Decision Maker Panel data – August 2021 – Read the report
In August, businesses estimated that both their sales and investment in 2021 Q3 would be 7% lower than they otherwise would have been because of Covid, with employment 6% lower.
PRA Regulatory Digest – August 2021 – 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.
Britain faces £371bn savings shortfall, says bank
From: The BBC
Britons are facing a multibillion savings shortfall, despite many putting away extra cash during the pandemic, according to a new report.
British Pound (GBP) Price Outlook: EUR/GBP Primed for Move Higher
From: Daily FX
GBP/USD continues to edge higher as the US Dollar slips back. Meanwhile, EUR/GBP looks ready for another upward move as a symmetrical triangle pattern on the charts suggests further gains ahead.
US Consumer Prices Rise Less Than Expected
From: Daily Forex
According to data released by the US Department of Labor Statistics, the Consumer Price Index stood at 0.5% in July, in line with expectations and lower than June’s 0.9%. In yearly terms, the CPI rose by 5.4%, over expectations of 5.3% and the same as the previous month.
UK house prices bounce back unexpectedly in August
British house prices rebounded surprisingly strongly in August, chalking up their second-biggest monthly rise in 15 years after a fall the month before when a pandemic-era tax break began to be phased out.
Euro zone inflation surges to 10-year-high, in headache for ECB
Euro zone inflation surged to a 10-year-high in August with further rises likely, challenging the European Central Bank’s benign view on price growth and its commitment to look past what it deems a temporary increase.
FX Rates in August
Aug High: 1.181
Aug Low: 1.1653
Aug End: 1.1666
Aug High: 1.3923
Aug Low: 1.361
Aug End: 1.3798
Aug High: 1.1866
Aug Low: 1.1671
Aug End: 1.1827