WAITING FOR YELLEN
As another week of Dollar gains across the board and the Pound weakens for the 7th consecutive week in its longest losing (or losingest, if you’re American) streak since September 2008, all eyes are on happenings at Jackson Hole.
Who’s In Control?
Yellen has never really strayed too far away from expectations during her speeches and if she does comment on policy, it is expected to be a repeat that if the labour market continues to improve faster than expected then the first rate hike could come sooner than expected.
Following The Lord Mayor’s Show is Mario Draghi who will speak after markets close this evening. He will somehow try to make it clear to his peers that he is in control of what is happening in the Eurozone. Good luck with that…
Not a great deal of data out today other than CPI out of Canada.