Global uncertainty affects the markets in August.
Bank of England Reports Published in August 2019
Asset Purchase Facility Quarterly Report – 2019 Q2 – Read the report
In the interests of openness and transparency, the Bank of England publishes a quarterly report on the transactions carried out as part of the Asset Purchase Facility.
Resilience of trading networks: evidence from the sterling corporate bond market – Read the report
The bank studies the network structure and resilience of the sterling investment-grade and high-yield corporate bond markets. Using proprietary, transaction-level data, this report analyses the key properties of the trading networks in these markets.
The impact of Brexit on UK firms – Read the report
The bank’s working paper finds evidence for smaller negative between-firm effects as more productive, internationally exposed, firms have been more negatively impacted than less productive domestic firms.
Trade War Drives Bystanding Asian Nations Towards Recession
From: The BBC
Rising fears about the health of the global economy have prompted talk of recession, spreading anxiety about jobs and growth.
The US-China trade war is casting a shadow over the world economy and warning signs of a looming downturn have flashed on financial markets.
Yen Strength Amid Market Tumult to Keep BOJ Target Out of Reach
From: Daily FX
The Japanese Yen has played its customary haven role as the financial world frets US-China trade war and bond-market predictions see global recession in the yield curve.
Could Yen strength now be a headache too far for the Bank of Japan?
Sterling Struggles for Footing
From: Daily Forex
The Pound Sterling continued to come under pressure as the likelihood of a hard crash out of the EU escalate after the Prime Minister limited the Parliament’s ability to work out a compromise before the October 31st deadline.
European Stocks End Brutal August on a Positive Note
European stocks scaled fresh one-month highs on Friday, wrapping up a brutal month on a positive note as investors took comfort from Chinese and U.S. willingness to return to trade talks.
The pan-European STOXX 600 index rose 0.7% to hit its highest level since Aug. 2, building on the previous day’s rally after both China and the United States indicated they were discussing the next round of negotiations in September.
A Tale of Two Crises – London and Milan Stocks Diverge
Italy’s stocks are ending August on a high after the formation of a new coalition government, while Britain’s equity market is heading for one of its worst months since before it voted to leave the European Union more than three years ago.
FX Rates in August
Aug Low: 1.0768
Aug End: 1.1034
Aug High: 1.2269
Aug Low: 1.2054
Aug End: 1.2178
Aug High: 1.1216
Aug Low: 1.1039
Aug End: 1.1037