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Bank of England Will Give View on Brexit Deal, Carney Says

Mark Carney thrust the Bank of England into the Brexit debate again, saying he’ll give a thumbs up -- or down -- to any divorce deal that Prime Minister Theresa May reaches with the European Union. “We will have to…

The RBA's rationale for why it's not rushing to lift rates

The Reserve Bank of Australia (RBA) thinks the next move in official interest rates is likely to be higher should progress in lowering unemployment and boosting inflationary pressures continue in the period ahead. However, despite calls from some academics, including…

Strong U.S. retail sales brighten economic outlook

The Commerce Department said on Monday that retail sales increased 0.5 percent last month. Data for May was revised higher to show sales rising 1.3 percent instead of the previously reported 0.8 percent gain. May’s gain in retail sales was…

Euro area international trade in goods surplus €16.5 bn

The first estimate for euro area (EA19) exports of goods to the rest of the world in May 2018 was €189.6 billion, a decrease of 0.8% compared with May 2017 (€191.2 bn). Imports from the rest of the world stood…

China says its second-quarter GDP growth was 6.7%, meeting expectations

China on Monday posted second-quarter GDP growth of 6.7 percent from a year ago, slightly lower than 6.8 percent in the first quarter of 2018 as Beijing has been cracking down on risky credit amid escalating trade tensions with the…

Property UK: Asking prices plateau as more homes hit the market for sale

The data, released this morning, suggests that a combination of ambitious marketing values, coupled with more sellers listing their properties over the last month, has taken the froth off the top of the market in many areas of the UK.  …

Brexit could hurt euro zone economies: ECB's Nowotny

British Foreign Secretary Boris Johnson and Brexit minister David Davis departed over Prime Minister Theresa May’s plans to leave the European Union, leaving the British leader’s Brexit plans in ruins. The ECB Bank is following the fallout from Britain’s efforts…

Sentix Investors’ Confidence rose to 12.1

The economic situation continued to be depressed in July. Economic expectations in the euro zone have indeed recovered by around 3 points. However, this is probably only a countermove to the strong discount of June. Other regions continue to show…

Pound down as Johnson resigns

The pound reversed gains on Monday amid fresh Brexit uncertainty after Boris Johnson resigned as British foreign secretary, helping the dollar pull back from three-week lows. GBP/USD was down 0.16% to 1.3273 by 10:17 AM ET (14:17 GMT), off an…

German exports in May 2018: –1.3% on May 2017

Germany exported goods to the value of 109.1 billion euros and imported goods to the value of 89.4 billion euros in May 2018. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports declined by 1.3%,…

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