28/09/2018 – UK Interest Rate Hike Dependent On Brexit


Bank of England Chief Economist Andy Haldane said on Thursday that the central bank could decide to raise interest rates or to cut them if there was a disorderly, no-deal Brexit. The decision would depend on a number of factors such as a fall in the value of the pound and the reduction in supply — such as less investment and fewer migrant workers — which would push up inflation, against the hit to demand, he said.

On Thursday the EU’ Brexit chief Michel Barmier meet with Jeremy Corbyn. Barnier said he had listened to the views of Britain’s opposition party and insisted that wanted to ensure Britain’s orderly withdrawal from the EU.


U.S. economic growth accelerated in the second quarter at its fastest pace in nearly four years as previously estimated with Gross domestic product increased to 4.2 percent – the same as previous. The economy expanded 3.2 percent in the first half of 2018. Growth in the second quarter was driven by the Trump administration’s $1.5 trillion tax cut package, which boosted consumer spending after it almost stalled early in the year.

Key Announcements

09:00 – EUR: Eurozone Preliminary Inflation (YoY) Sept expected to be higher at 2.1%
12:30 – USD: Core Personal Consumption Expenditure Expected to be unchanged at 2.0%