ECB ECONOMIC BULLETIN & BOE FCP MEETING - EURGBP GBPUSD EURUSD*

22 set 2016

ECB ECONOMIC BULLETIN:

-Economic Recovery In The Euro Area Is Continuing
-Moderate Global Growth Continued In The First Half Of 2016
-Governing Council Expects The Economic Recovery To Proceed At A Moderate But Steady Pace
-Annual Real GDP Expected To Increase By 1.7% In 2016, By 1.6% In 2017 And By 1.6% In 2018
-Annual HICP Inflation Seen At 0.2% In 2016, 1.2% In 2017 And 1.6% In 2018
-Between Early June And Early September Euro Area And Global Financial Markets Remained Relatively Calm, Apart From The Immediate Period Around The UK Referendum

BOE FCP MEETING:

-BOE: FPC Says UK Faces Period of Uncertainty, Adjustment
-BOE: FPC Says UK Faces Period of Uncertainty, Adjustment
-BOE: Risks to Stability Include Commercial Real Estate, Current Account
-BOE: Financial Policy Committee Says Outlook for Financial Stability "Challenging"
-BOE: FPC Also Concerned Some Households May Struggle To Service Debts if Econ Weakens
-BOE: FPC Says Risks to Stability from Global Economy Elevated
-BOE: FPC Sees Prices of Some Fixed Income Assets Elevated
-BOE: FPC Says Term Funding Scheme Has Helped Maintain Bank Interest Margins
-BOE: FPC Says No Risk to Stability from Help To Buy Scheme
-BOE FPC: UK FACES CHALLENGING PERIOD OF UNCERTAINTY AND ADJUSTMENT AFTER BREXIT
-BOE - RISKS TO UK COMMERCIAL REAL ESTATE ARE CRYSTALLISING, TRANSACTIONS LOWEST SINCE 2009
-BOE FPC SAYS PLANNED CLOSURE OF 'HELP TO BUY' MORTGAGE GUARANTEE SCHEME AT END OF 2016 UNLIKELY TO AFFECT LENDING
-BOE - UK FINANCIAL REGULATION WILL NEED TO BE AT LEAST AS ROBUST AS CURRENTLY PLANNED, REGARDLESS OF FUTURE RELATIONS WITH EU