Money Minute Monday 21 October: the week ahead
Brexit aside, this week we get an interest-rate decision from the ECB, and it's busy week for UK corporate news.
Good morning and welcome to Monday's Money Minute, where we look ahead to this week's biggest financial stories.
Putting Brexit aside for a moment, what else is happening this week?
On Thursday, the European Central Bank meets to decide on its next move on interest rates. It'll be the final meeting with Mario Draghi at the head of the eurozone's central bank. Christine Lagarde, the former head of the International Monetary Fund, is taking over the role.
Subscribe to 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
Draghi's decision to restart quantitative easing has proved controversial. So, as research group Capital Economics puts it, his final meeting "is unlikely to be the good-natured celebration of his achievements that he might have hoped for."
It also seems highly unlikely that there will be any new big market-moving announcements after this meeting. That said, Draghi is famously good at confounding market expectations, so perhaps he'll aim to go out with a bang.
It's also a pretty busy week for UK corporate news. Companies reporting third quarter results next week include consumer goods giant Reckitt Benckiser, pharma group AstraZeneca, and both Royal Bank of Scotland and Barclays.
-
British Airways revamps Avios scheme bringing down flight prices to £1
With the new Avios part-payments scheme you can now bag a British Airways flight for as little as £1
By Oojal Dhanjal Published
-
RBS to close a fifth of branches
Royal Bank of Scotland plans to shut 18 branches across Scotland, resulting in the loss of 105 jobs. We have the full list of closures.
By Ruth Emery Published