Bank of England Reports Published in June 2021
Monthly Decision Maker Panel data – June 2021 – Read the report
The Decision Maker Panel (DMP) is a survey of Chief Financial Officers from small, medium and large UK businesses. We use it to monitor developments in the economy and to track businesses’ views.
PRA Regulatory Digest – June 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.
Bank Rate maintained at 0.1% – June 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.
UK food and drink exports to the EU almost halve in first quarter
From: The BBC
UK food and drink exports to the European Union almost halved in the first three months of the year, compared with the same period in 2020.
British Pound (GBP) Price Outlook: More Losses Likely for GBP/USD
From: Daily FX
GBP/USD is looking technically weak, with 1.3786 the near-term target after the pair’s drop from 1.40 last Wednesday.
Fed Concerned About Uneven Economic Recovery
From: Daily Forex
Federal Reserve Bank of New York President John Williams commented recently that the United States economy is not yet ready for the Fed to change its loose monetary policy stance, despite the economic outlook improving significantly due to COVID-19 containment efforts.
Euro zone inflation eases before expected march higher
Euro zone inflation eased this month, levelling off for the summer months before an expected move well above the European Central Bank’s target towards the autumn on higher commodity prices.
Inflation in the 19 countries sharing the euro slipped to 1.9% in June from 2.0% in May, in line with forecasts in a Reuters poll and right on the ECB’s target of “below but close to 2%”.
International tourism not seen rebounding until 2023 – UN report
International tourism arrivals are set to stagnate this year, except in some Western markets, causing up to $2.4 trillion in losses, a U.N. study said on Wednesday, adding the sector is not expected to rebound fully until 2023.
COVID-19 vaccination and certificates are key to restoring confidence in foreign tourism, which provides a lifeline for many countries, especially small island states that rely heavily on the sector to provide jobs, it said.
FX Rates in June
Jun High: 1.1709
Jun Low: 1.1588
Jun End: 1.1634
Jun High: 1.4173
Jun Low: 1.3816
Jun End: 1.3842
Jun High: 1.2225
Jun Low: 1.1876
Jun End: 1.1897