European Central Bank (ECB) September 2017 meeting

European Central Bank (ECB) September 2017 meeting Summary European Central Bank (ECB) leaves rates and bond-buying programme unchanged. Mario Draghi said Eurozone interest rates will remain at current levels for an extended period of time and well past the horizon of net asset purchases. It appears that now is not …


Lower on Wall Street

Lower on Wall Street. The Dow Jones Industrial Average ended lower yesterday (24/08/17) to close below 21800 at 21783. The S&P 500 closed at 2438. Investor uncertainty continues ahead of the central bankers gathering at Jackson Hole on Friday.  


Sterling stumbles

Sterling stumbles The pound fell both against the Euro and dollar yesterday (23/08/17) and continues to struggle. The pound fell to an eight low yesterday at $1.2782 Will the pound come under more pressure from ECB president Mario Draghi when he makes his speech at Jackson Hole on Friday? Fed …


Central bankers head to Jackson Hole

Central bankers head to Jackson Hole. Federal Reserve chair, Janet Yellen and European Central Bank President, Mario Draghi et al, will be meeting this Friday to make their eagerly anticipated speeches at Jackson Hole. Debate about QE roll back, interest rates and inflation will presumably take centre stage. The US …