Last week, the sterling pound regained approximately 1.55% over its loss versus the post-Brexit Euro, due largely to inflation and retail sales that were announced at values higher than what was forecast. Warm weather in July has raised clothing sales whereas the weakness of the Pound also helped in lifting inflation – with commodity prices trending higher as compared with the first quarter. Bank of England Governor Mark Carney cited that inflation is expected to climb over the coming months.
Japan’s Overburdened Economy Further by Flooding
Weekly Report - 22/08/2016