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Dove / Hawk Scale: Where Central Banks are Likely to Move and Implications for Currencies

  • Written by Joaquin Monfort

US Federal Reserve

Citibank has come up with a graphic to illustrate where they think major central banks are now positioned on a scale of dovish to hawkish. The graphic below shows the European Central Bank is currently the most dovish and the Norwegian Riksbank the most hawkish.

Read more: Dove / Hawk Scale: Where Central Banks are Likely to Move and Implications for Currencies

UK Economy On Track for Solid First Quarter after Holding January's Explosive Gains Through February

  • Written by James Skinner

The UK economy could be on course for its best quarter since before the Brexit referendum of 2016 after explosive gains in GDP seen during January were extended in the February month, Office for National Statistics data showed on Wednesday. 

Read more: UK Economy On Track for Solid First Quarter after Holding January's Explosive Gains Through February

Chances of a 'No Deal' Brexit Have Actually Risen Following May's Overture to Corbyn

  • Written by Gary Howes

Brexit

Analysts at Berenberg Bank have this morning taken another look at potential Brexit outcomes following news that Prime Minister Theresa May has reached out to opposition leader Jeremy Corbyn to try and establish a Brexit deal that can secure the support of the House of Commons.

Read more: Chances of a 'No Deal' Brexit Have Actually Risen Following May's Overture to Corbyn

Construction Industry to Stagnate in First-quarter but Brexit Resolution would Spark Recovery says UK's No.1 Forecaster

  • Written by James Skinner

The UK construction industry is likely to have stagnated during the first quarter, Pantheon Macroeconomics says, after the latest IHS Markit PMI showed activity among commercial bulilders and civil engineering firms stalling in March. 

Read more: Construction Industry to Stagnate in First-quarter but Brexit Resolution would Spark Recovery says...

UK Economy Seen at Stall Speed Again in First-quarter after Services PMI Shock

  • Written by James Skinner

The UK economy is likely to have stalled in the first quarter if Wednesday's IHS Markit services PMI is anything to go by, according to Capital Economics, as the sharp slowdown observed in the UK's largest economic sector means GDP growth will also have suffered.

Read more: UK Economy Seen at Stall Speed Again in First-quarter after Services PMI Shock

March Manufacturing Surge Provides More Evidence of Economic Pick-up in the First-quarter 

  • Written by James Skinner

The UK manufacturing sector rebounded from its winter lull in March after activity surged ahead of the UK's pending departure from the EU, leading economists to suggest the sector could make a larger contribution to first-quarter GDP growth than previously thought.

Read more: March Manufacturing Surge Provides More Evidence of Economic Pick-up in the First-quarter