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Market Bulletin

Market Bulletin (08/08/2016)

Record breakers   At the ancient Olympics in Greece, doves were released at the opening ceremony. The modern Olympics dispensed with the tradition after the 1988 opening ceremony in Seoul, when the lighting of the Olympic Cauldron ended in disaster for several of the doves.   Monetary doves were

Market Bulletin (01/08/2016)

Data overload   In 2010 Eric Schmidt, CEO of Alphabet (Google’s parent company) and unofficial evangelist-in-chief at Google, gave a sense of the data overload that characterises our digital age. Since 2003, Schmidt claimed, humans had recorded or created as much information every two days as they

Market Bulletin (26/07/2016)

Delayed response   Nobody likes to be wrong. Markets had been pricing in an 80% likelihood of a rate drop of at least 0.25% last Thursday. Instead, the Bank of England’s Monetary Policy Committee (MPC) wrong-footed markets by voting 8–1 in favour of leaving rates on hold.

Market Bulletin (18/07/2016)

Delayed response   Nobody likes to be wrong. Markets had been pricing in an 80% likelihood of a rate drop of at least 0.25% last Thursday. Instead, the Bank of England’s Monetary Policy Committee (MPC) wrong-footed markets by voting 8–1 in favour of leaving rates on hold.

Market Bulletin (11/07/2016)

Gainful employment   After a fortnight of jumpy trading, markets were eager for good news last week. On Friday, it duly materialised in the form of the important US payrolls report. Figures for both April and May had fallen far short of expectations; Janet Yellen, chair of

Market Bulletin (04/07/2016)

Dissonant notes   The direction of travel last week seemed ever downward. British politics has not appeared so unstable – or its politicians so duplicitous – for decades. Forecasts for the economic outlook now tend to the negative. The European Banking Authority is readying itself to move

Market Bulletin (27/06/2016)

Uncharted waters   Sometimes even a weekend can be a long time in politics. Since it was confirmed on Friday morning that the UK had voted to end its membership of the European Union, David Cameron has resigned, as has half the shadow cabinet. Nicola Sturgeon has

Market Bulletin (20/06/2016)

This precious stone   Perhaps it is appropriate that Britain’s referendum on EU membership takes place 400 years after the death of a man who may have done more than anyone to shape this nation’s view of itself. William Shakespeare put his best-known lines about his

Market Bulletin (13/06/2016)

Divided times    If the populace knew with what idiocy they were ruled, they would revolt; or so said Charlemagne, the eighth century conqueror who united much of Europe under his rule and created the administrative geographies that would evolve into Germany, France and the Low

Market Bulletin (06/06/2016)

Plastic money Fourteen centuries after the Chinese court produced the first paper banknotes, the Bank of England has announced that it is retiring the £5 version. The £5 note first appeared 223 years ago, but from 13 September it will be going plastic, complete with an

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