“Predictions that pubs will be open for 24 hours were wide of the mark.”
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“This is definitely a change in the Bank of Japans stance so it will have a psychological impact and keep the yen soft.”
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“The survey seems to be a little bit worse than people had anticipated. It does show that the manufacturing sector is struggling under the weight of the strong pound. It shows a squeeze on profit margins. It will raise a little bit of doubt about whether the Bank of England will have the courage to raise interest rates next week.”
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“Inflation in the core of Europe is moderate.”
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“How does this square with the governments alcohol policy, which is supposedly trying to encourage more food in pubs?”
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“Its tricky for the European Central Bank. In places like Spain and Ireland, interest rates are clearly too low, but the ECB has to set rates for the region as a whole.”
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