By: Jake Cordell

I'm City A.M.'s economics reporter, looking at the news, stories and data that move markets in the UK, Europe and around the globe. I also cover broader developments in the business and political worlds at home and abroad.

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Yen drops then pops on Bank of Japan announcement

September 21, 2016

The Japanese yen has hits its strongest level since the end of August, just hours after the Bank of Japan announced an imaginative new approach to monetary policy. The yen initially fell to ¥102.74 against the dollar as the BoJ unveiled its latest package, before gradually strengthening throughout morning trading in London to stand at ¥100.86 against the [...]
Can we call it a comeback? Growth forecasts for UK economy upgraded for second consecutive month

September 21, 2016

Economists are more confident about the UK's growth prospects than at any point since the EU referendum. Despite today's downgrade from the Organisation for Economic Cooperation and Development (OECD), investment banks and think tanks that produce regular updates on the UK economy have upgraded their outlook over the past month. According to a collection of [...]
Bank of England finds corporate calm before the Brexit storm

September 21, 2016

The UK economy is ticking over in the wake of the EU referendum, although signs of a slowdown, a rise in inflation and pressure on jobs and wages are beginning to show, a survey for the Bank of England has shown. The Bank's agents summary of business conditions, which is compiled from Threadneedle Street's sprawling network [...]
Deficit creeps down but government spending still higher than expected

September 21, 2016

The government was forced to borrow a whopping £10.5bn in August as the aim to reduce the deficit suffers its latest stumble. The shortfall, which measures the difference between how much the government spends and receives in tax revenues, was down from £11.4bn in the same month last year, but still higher than economists' expectations. [...]
European Central Bank’s new ideas team still hasn’t had an idea

September 21, 2016

Fed up with having to do the heavy lifting of the Eurozone recovery, the European Central Bank (ECB) has been upping the ante for governments to turn up to the party. President Mario Draghi makes a song and dance of the need for "national governments" to implement "structural reforms" to haul the Eurozone out of miserly [...]
Bank of Japan tweaks policy in fight for inflation

September 21, 2016

The Bank of Japan has announced a raft of policy tweaks in measures it hopes will help Japan return to inflation. While keeping interest rates unchanged at minus 0.1 per cent and its quantitative easing programme steady at ¥80 trillion (£601bn) per year, the central bank introduced a new target rate for long-term government bonds and [...]
Sterling falls below $1.30 to five-week low

September 20, 2016

The pound has lost its shine today, falling below crucial levels against both the euro and the dollar. By early afternoon sterling was trading down 0.6 per cent against the greenback at $1.2959 as speculation ahead of the US Federal Reserve's meeting grips the currency markets. Against the euro, the pound dipped 0.5 per cent to [...]
Are government bonds too expensive?

September 20, 2016

Government bond yields could have passed their nadir, investment banks and bond analysts have suggested, with borrowing costs rising and the outlook for major economies in flux. As the US Federal Reserve has hesitated on raising rates, the Brexit vote threw the financial markets into brief turmoil and the Eurozone has shown only tentative signs [...]
Two banks are betting on the US raising interest rates tomorrow

September 20, 2016

The world's most important central bank meets tomorrow to decide whether to raise interest rates for only the second time since the financial crisis. This week is realistically the US Federal Reserve's last chance to change rates before the US election. While the rate-setting Federal Open Market Committee (FOMC) will meet just one week before the 8 [...]
Donald Trump sparks outrage by comparing Syrian refugee crisis to Skittles

September 20, 2016

The Donald Trump campaign has provoked uproar, yet again, with its latest campaign adverts comparing the Syrian refugee crisis to a bowl of Skittles. Just hours after a bomb attack in Chelsea, Manhattan injured 29 people in Trump's home city of New York, the controversial tycoon's campaign team put out a shocking advert claiming refugees fleeing [...]

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By: Jake Cordell

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