Financial Markets Review
The Weekly Review is produced by the economics team in our Financial Markets Division. Market news is reviewed – foreign exchange, country, fixed income and the economic effect of news releases are put in context.
This is intended for clients who need to keep abreast of how, and why, the financial markets are shifting.
2009 - The latest archives
November
16th November 2009: Revisiting the UK inflation outlook
6 November 2009: BoE expands QE to £200bn, sterling strengthens
October
30 October 2009: Strong US GDP insufficient to halt equity market decline
23 October 2009: Pound tumbles on UK Q3 GDP shock
16 October 2009: Pound bounces back as market perceives and end to QE
9 October 2009: Pound falls again as UK manufacturing data disappoint
2 October 2009: US data disappoint, swap rates and equities fall
September
25 September 2009: Pound falls sharply on BoE Governor King’s comments
18 September 2009: King’s comments weigh on sterling while equities continue to climb
11 September 2009: USD extends fall, FTSE closes above 5,000
4 September 2009: US jobless rate climbs to 9.7%, yields and swap rates fall
August
28 August 2009: Sterling sold on concerns Bank of England may charge for holding deposits
21 August 2009: UK yields fall as BoE governor favours more QE
14 August 2009: Yields plummet on dovish BoE QIR and weak US data
7 August 2009: BoE expands quantitative easing, but yields surge on US jobs data
July
31 July 2009: Bond yields fall sharply, following the release of US GDP
24 July 2009: Equity market rally lifts UK yields and swap rates
17 July 2009: US dollar falls, as equities and bond yields rise
10 July 2009: BoE decides not to expand QE, for now
3 July 2009: Pound falls on weak Q1 GDP data
June
26 June 2009: UK bond yields and swaps fall
19 June 2009: Weak UK retail data raise caution about economic recovery
12 June 2009: Pound rallies on signs of UK recovery
5 June 2009: Dollar rebounds after US jobs data surprise
May
29 May 2009: Benchmark bond yields hit six month highs
22 May 2009: Bond yields rise on credit ratings fears
15 May 2009: Bond yields, swaps fall on downbeat BoE report
8 May 2009: BoE increases asset purchases by £50bn to £125bn
1 May 2009: Yen falls as equities extend rally
April
24 April 2009: Gilt yields surge after record borrowing projections in Budget 2009
17 April 2009: Sterling rises to a 2-month high against Euro
9 April 2009: BoE keeps bas rate on hold at 0.5%, QE continues
3 April 2009: Better than expected UK economic data support Sterling
March
27 March 2009: Failed UK bond auction alarms investors
20 March 2009: Dollar falls on Fed plan to purchase treasuries
13 March 2009: BoE starts quantitative easing policy
6 March 2009: BoE cuts base rate to 0.50%, will purchase gilts
February
27 February 2009: Markets react to fears of deeper global recession
20 February 2009: FTSE-100 falls 7%, gold near $1000
13 February 2009: BoE prepares for more rate cuts and quantitative easing
6 February 2009: UK bank rate cut to 1%, ECB rate held at 2%
January
30 January 2009: Sterling strengthens ahead of BoE rate decision
23 January 2009: Sterling wilts as UK recession is confirmed
16 January 2009: Euro zone interest rates cut to a 3-year low of 2%
9 January 2009: Pound soars despite historic rate cut
2008 - Archives
December
19 December 2008: Sterling approaches parity vs the Euro
12 December 2008: Euro supported by ECB comments, Sterling falls further
5 December 2008: UK base rate cut to 2%, Pound/Euro hits new low
November
28 November 2008: Equities rebound strongly and bond yields fall
21 November 2008: Credit market tensions intensified this week
14 November 2008: Bank of England warns on the economy, Sterling wilts
7 November 2008: Bank of England slashes interest rates to 3%
October
31 October 2008: Dollar falls as US Fed cuts interest rates to 1%
24 October 2008:UK economy contracts in Q3, sterling plunges
17 October 2008: Fears of global recession grow
10 October 2008: Coordinated interest rate cuts fail to calm fears
3 October 2008: Dollar supported by weak UK data and dovish comments from ECB President Trichet
September
26 September 2008: US Dollar hit by disagreement over the $700bn rescue plan
19 September 2008: Banking sector crisis at historic levels
12 September 2008: Dollar falls on weak data, Sterling rebounds
5 Sep 2008: US Dollar boosted by heightened risk in rest of the world
August
29 Aug 2008: Concerns about the UK economy weigh on sterling
22 Aug 2008: Sterling falls sharply as UK economy stagnates
15 Aug 2008: Dollar rally continues
8 August 2008: Dollar posts strong gains, oil prices drop
1 August 2008: Bond yields fall on weak growth data
July
25 July 2008: Euro weighed by weak business surveys, while Dollar supported by lower oil prices
18 July 2008: Bond yields rise as equity markets rebound
11 July 2008: Dollar falls as fears over US mortgage market intensify
4 July 2008: ECB hikes interest rates to 4.25%, equities fall, yields fall
June
27 June 2008: US Dollar weakens, as oil prices rise to record highs and equities fall
20 June 2008: Sterling supported by strong official retail sales data
13 June 2008: US Dollar supported by hawkish Fed comments
6 June 2008: ECB signals higher interest rates
May
30 May 2008: Dollar recovers on positive economic data, oil prices drop
23 May 2008: Dollar weakens as oil prices rise and Fed downgrades growth forecast
16 May 2008: Bond yields jump on strong inflation data and BoE warning
9 May 2008: Weak data put Sterling under selling pressure
2 May 2008: US economic data bolsters Dollar sentiment
April
25 April 2008: Dollar recovers as speculation of US rate cuts falters
18 April 2008 : Sterling recovers on rumours BoE scheme to unblock money markets
11 April 2008: BoE cuts interest rates by 25bp to 5% on credit crisis
4 April 2008: Soft data hint at BoE rate cut next week
March
28 March 2008: Weak US economic data halt Dollar recovery
20 March 2008: Fed cuts by another 0.75%, signals more still to come
14 March 2008: Credit market fears spark fresh safe-haven buying
7 March 2008: Sterling back above $2 but hits new low vs Euro
February
29 February 2008: Euro hits all-time highs against the Dollar and Sterling
22 February 2008: The Euro and Pound strengthen, after strong economic data
15 February 2008: Bank of England tempers rate cut expectations
8 February 2008: UK interest rates cut to 5.25%, as market turmoil persists
1 February 2008: US cuts interest rates again, as labour market softens, but Pound weakens
January
25 January 2008: Emergency US rate cut jolts financial markets
18 January 2008: The Pound rose for the first time in five weeks against the Euro
11 January 2008: Sterling depreciation continues as equities fall
4 January 2008: Sterling hits new low against the Euro
2007 - Archives
December
21 December 2007: Sterling falls back below $2 on UK rate outlook
14 December 2007: Dollar strengthens despite US interest rate cut
7 December 2007: Bank of England cuts interest rates
November
30 November 2007: Equities rebound on prospect of a December US rate cut
23 November 2007: Sterling falls below 1.40 against the euro, yen at 2½ year high versus the dollar
16 November 2007: Sterling falls to four-year low versus the Euro after BoE predicts rate cuts
9 November 2007: Bond yields and equities decline as credit fears persist
2 November 2007: Sterling reaches 26-year high against the dollar
October
26 October 2007: Dollar hits new lows ahead of US rate decision
19 October 2007: Bond yields fall sharply as US data disappoints
12 October 2007: Bond yields rise on positive economic data, equities extend rebound
5 October 2007: Strong US employment report boosts market interest rates and equities
September
28 September 2007: Record oil and higher gold price boost commodity currencies
21 September 2007: The Fed’s half-point rate cut stokes inflation concerns
14 September 2007: Global stock markets recover this week
7 September 2007: Dollar declines after a weak US employment report
August
31 August 2007: Trichet and Bernanke reassure financial markets
24 August 2007: Is the credit market crisis unwinding?
17 August 2007: Fed surprises by cutting discount rate by 0.5% to calm market fears
10 August 2007: Money markets seize up, leading to flight to safety
3 August 2007: Dollar declines as US employment report disappoints
July
27 July 2007: Safe haven flows support the US Dollar and Yen
20 July 2007: US Dollar drops to new lows on subprime woes
13 July 2007: Dollar extends decline, but equities rally on strong M&A activity
6 July 2007: Bond yields rebound, following strong economic data
June
29 June 2007: Pound holds above $2, as data showed strong growth
22 June 2007: Pound tests $2 but fails to break through
15 June 2007: Bond market adjustment continued last week
8 June 2007: Jump in US bond yields lifts the Dollar, but equities drop
1 June 2007: Increasingly bright US prospects boost global bond yields and swaps
May
25 May 2007: Prospects of higher UK interest rates boosts Sterling
18 May 2007: Global bond yields jump on rising equities and China interest rate rise
11 May 2007: Dollar and Yen strengthened, as equities declined, but this began to unravel on Friday
4 May 2007: Currencies rangebound, but equities buoyant ahead of central bank meetings
April
27 April 2007: €/$ hits a new record high as annualised US Q1 gdp growth slows to 1.3%
20 April 2007: Pound breaches $2 for the first time in 15 years
13 April 2007: Dollar falls for a second week, FTSE-100 at 6½ year high
5 April 2007: Euro hits two-year high vs the Dollar
March
30 March 2007: Bond yields rise on inflation concerns
23 March 2007: Stock market recovers strongly as Budget released and Sterling gains
16 March 2007: Euro extends gains against Dollar and Sterling
9 March 2007: BoE keeps rates on hold at 5.25%, ECB hikes to 3.75%
2 March 2007: Equity markets correct; Yen rises to 2½ month high
February
23 February 2007: Yen falls despite Japanese interest rate hike
16 February 2007: Sterling extends decline vs Euro, FTSE closes above 6,400
9 February 2007: UK interest rates left on hold. Sterling weakens, Footsie rises
2 February 2007: US interest rates left on hold, Dollar declines
2 February 2007: US interest rates left on hold, Dollar declines
January
26 January 2007: Sterling logs 14-year high against US Dollar
26 January 2007: Sterling logs 14-year high against US Dollar
19 January 2007: UK Pound boosted by strong economic data
12 January 2007: UK Pound boosted by Bank of England rate rise
5 January 2007: Dollar rebounds at the start of 2007