Trade with Europe is being hit by the strength of sterling and the weakness of the euro. European exporters are winning market share at U.K. companies' expense. |
Volumes are still unusually thin at the moment, with half the Far East still on holiday. |
We will see a gentle upswing from here. |
We will see a gentle upswing from here. |
We would expect the Fed to say something about Katrina and what it means for the immediate and long-term impact on activity and I think there's a lot of uncertainty about what they may say. |
What is doing the damage is the fact that the U.K. is pulling in more imports, which shows the continued strength of the economy and the strength of sterling, |
What is doing the damage is the fact that the U.K. is pulling in more imports, which shows the continued strength of the economy and the strength of sterling. |
What we're likely to get is no move but all the comments suggesting that there will be a move next month. |
What we're seeing today is a very long-term trend asserting itself - people abandoning the euro and buying the U.S. economic miracle, ... OPEC's decision is not helping the euro much today either |
With the election out of the way, the attention is now on the Bank of Canada. We're still at the early stages of a hiking cycle, which is moderately supportive of the Canadian dollar. |
You can give them the ability to get more junk in there, for better or worse; they like it. |