This morning in the UK, we get the official retail sales data for August.
Then, at mid-day, the Bank of England releases its latest monetary policy decision.The bank rate is currently sitting at 0.75% and that is not expected to change.The reality is that until Brexit is resolved one way or another, the Bank is likely to remain on hold, almost regardless of what happens with the economic data.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Meanwhile, in the US, in the afternoon, we have the usual weekly jobless claims figures. So far there are no real signs of US labour market weakness, despite market fears of recession.
-
Reeves urged to axe stamp duty from UK shares held in an ISAChancellor Rachel Reeves is reportedly considering axing stamp duty from UK shares held in stocks and shares ISAs. What could it mean for your portfolio?
-
Family investment companies explained: how the ultra wealthy shield their money from the taxmanWealthy families are increasingly turning to family investment companies to keep more of their money away from HMRC – but what are these arrangements and how do they work?
