Bank of England Reports Published in July 2021
How has Covid affected global trade? – Read the report
Covid-19 (Covid) caused a significant decline in global trade in 2020, particularly in services trade. Also, imbalances in regional trade contributed to a significant rise in shipping costs.
Credit union annual statistics – 2020 – Read the report
The credit union annual statistics are statistics aggregated from the annual (CY) returns submitted by authorised credit unions in the United Kingdom.
PRA Regulatory Digest – July 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.
UK property sales at new record as boom peaks
From: The BBC
Property sales in the UK hit a new record level in June, official figures show, but analysts say it may mark the peak of the housing boom.
British Pound (GBP) Price Outlook: GBP/USD Facing Trendline Resistance
From: Daily FX
GBP/USD has been lifted by signs that coronavirus cases in the UK are dropping and by suggestions that office attendance is rising.
US Inflation Rises to 13-Year High
From: Daily Forex
Yesterday’s release of June’s US CPI data revealed that annualized inflation has jumped from 5% the previous month to 5.4% in June, which is the highest rate it has reached for 13 years.
U.S. consumer sentiment declines in July as inflation remains concern
U.S. consumer sentiment fell to a five-month lowin July amid lingering concerns about inflation, a survey released on Friday showed.
The University of Michigan’s Consumer Sentiment Index fell to a final reading of 81.2, the lowest level since February, from June’s final level of 85.5. The final reading for July, however, was above the July preliminary reading of 80.8 and above the median forecast of 80.8 among economists polled by Reuters.
Fed’s Powell bets economy will navigate new coronavirus surge
Federal Reserve Chair Jerome Powell’s belief that the U.S. economy has “learned to handle” the coronavirus and won’t be swamped in a fresh wave of infections or by rising inflation may get tested in coming weeks as schools reopen, supply chains remain clogged, and federal unemployment benefits wane.
FX Rates in July
Jul High: 1.1738
Jul Low: 1.1558
Jul End: 1.1738
Jul High: 1.3943
Jul Low: 1.3598
Jul End: 1.3943
Jul High: 1.1891
Jul Low: 1.1763
Jul End: 1.1878