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Bank of England sticks with rate cut signal despite Brexit bounce (news: 15/09/16)

Today's Press

  • The 0.4 percent decline at factories was the biggest drop since March and followed a 0.4 percent increase the prior month, a Federal Reserve report showed Thursday in Washington. The Bloomberg survey median called for a 0.3 percent drop. Total industrial output, including mines and utilities, dropped 0.4 percent, also a steeper decline than anticipated.

  • Excluding autos, retail sales last month fell 0.1%. Economists surveyed by The Wall Street Journal had expected overall sales would fall 0.1% in August, but rise 0.2% when excluding autos.

  • The Bank's nine rate-setters voted unanimously to keep Bank Rate at its new record low of 0.25 percent, the lowest level in the BoE's 322-year history.

Next Trading Day's Important Events

Forex Quotes:

  • USDJPY: 102.70
  • EURUSD: 1.1232

Indices:

  • S&P 500: 2,132.40
  • NASDAQ : 5,204.52

 



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