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The week forward is a big one for central banks on either side of the pond, with the Federal Reserve and the Financial institution of England every set to announce rate of interest selections.
First up on Wednesday is the Fed, the place it could appear the query is now not if there can be a fee reduce, however relatively by how a lot. Markets on Friday ascribed a 57 per cent likelihood to a quarter-point reduce.
The Financial institution of England is predicted to maintain UK charges on maintain, however final Tuesday’s underwhelming financial progress report for July have barely elevated the percentages of a fee reduce.
In firms information, we are able to anticipate half-year outcomes from B&Q and Screwfix proprietor Kingfisher, and clothes retailer Subsequent.
Learn extra right here.
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