Market news

Show news:


19.08.2019 17:41

UK households more cautious about major purchases - IHS Markit

British working-age households are growing more cautious about making major purchases amid concerns about Brexit and a possible recession, a monthly consumer survey showed.

The headline index from the survey, the seasonally adjusted IHS Markit Household Finance Index (HFI) – which measures households’ overall perceptions of financial wellbeing – recorded 43.7 in August, a decrease from July’s 44.3, therefore signalling a stronger degree of pessimism towards current finances by UK households. The headline index registered the lowest reading in three months and was back below the average seen in 2018 (44.2).

The dip in current household sentiment also filtered through to financial wellbeing expectations. Having been in positive territory during June and July, UK households signalled a negative outlook towards their financial health for the year ahead in August.

Households’ views on next move in Bank of England base rate

A decisive shift in UK household interest rate expectations was recorded on the likelihood that the next move will be a cut. The proportion of UK households which foresee the next action by the Bank of England being an interest rate decline rose to nearly 23%, from approximately 16% in July, its highest since October 2016. Nonetheless, the majority (68%) of UK households expect the Bank of England will raise interest rates within the next two years. This was down from around 74% in July.


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

Market focus

  • White House economic adviser Kudlow: U.S. and China "very close" on opening of financial markets
  • Chinese vice foreign minister says progress made in trade talks with U.S
  • BoE reform needed to boost firepower for downturns - think tank
  • Earnings Season in U.S.: Major Reports of the Week
October 2019
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00