Features

Money Minute, Monday 9 September: the week ahead

Welcome to today's Money Minute – in which we preview the big stories of the week ahead in just 60 seconds. This week, we see UK unemployment and the European Central Bank's decision on monetary policy.

Welcome to today's Money Minute in which we preview the big stories of the week ahead in just 60 seconds.

The latest UK unemployment figures are out on Tuesday. Unemployment has remained consistently near record low levels in recent months, while annual wage growth has picked up sharply, coming in at just under 4% in June.

While the Bank of England is unlikely to make any moves while Brexit remains unresolved, members of its interest-rate setting committee will be monitoring wage inflation particularly closely.

On Thursday we get the biggest event of the week the European Central Bank announces its latest decision on monetary policy. Recent weak economic data, particularly in Germany, has convinced the market that the ECB will take its key interest rate even deeper into negative territory, from its current record low level of minus 0.4%.

Outgoing ECB head Mario Draghi is also expected to indicate that the central bank will announce more stimulus perhaps a new money-printing programme at the next meeting in October.

Draghi has a tendency to underpromise and overdeliver, and if he manages to do this again, markets are likely to send the euro lower. But if he can't convince markets that he's sufficiently dovish, the euro is likely to gain.

That's your 60 second update - have a good week.

Recommended

Bondholders beware – inflation is coming, says Jeremy Siegel
Inflation

Bondholders beware – inflation is coming, says Jeremy Siegel

With vaccines promising an end to lockdowns, inflation won't be far behind, warns Jeremy Siegel, professor of finance at Wharton.
26 Jan 2021
The Arab Spring ten years on: a revolution that failed to blossom
Global Economy

The Arab Spring ten years on: a revolution that failed to blossom

Ten years ago, the Arab world was rocked by mass protests and popular uprisings that ousted long-reviled dictators. For the most part, the end result …
23 Jan 2021
The charts that matter: inflation, bubbles, and booze
Economy

The charts that matter: inflation, bubbles, and booze

As US stocks head higher into bubble territory, John Stepek looks at the charts that matter most to the global economy.
23 Jan 2021
Inflation is the easiest way out of this – just don’t expect politicians to admit it
Inflation

Inflation is the easiest way out of this – just don’t expect politicians to admit it

The UK government borrowed £34.1bn in December, a record amount for that month. Britain's debt pile now amounts to 100% of GDP. How are we going to pa…
22 Jan 2021

Most Popular

The FTSE 100 is set for a makeover with an influx of new tech stocks
UK stockmarkets

The FTSE 100 is set for a makeover with an influx of new tech stocks

The FTSE 100 – the dullest index in the world – is about to reinvent itself as a host of new firms list on the market. The change is long overdue, say…
24 Jan 2021
Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Think Tesla is a bubble? This might be the best way to bet on it bursting
Oil

Think Tesla is a bubble? This might be the best way to bet on it bursting

The huge rise in Tesla’s share price means that, by market value, it’s now the sixth-largest company in the US and and the world’s biggest car-maker. …
25 Jan 2021