Features

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.

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.

Recommended

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
23 January 1967: Milton Keynes founded
This day in history

23 January 1967: Milton Keynes founded

The most famous of Britain's garden cities, Milton Keynes in Buckinghamshire, was founded on this day in 1967.
23 Jan 2021
Quiz of the week 16-22 January
Economy

Quiz of the week 16-22 January

A Japanese car-maker announced plans to continue its UK operation, safeguarding 6,000 British jobs. But which one? And what else happened this week? T…
22 Jan 2021
22 January 1924: Ramsay MacDonald becomes prime minister
This day in history

22 January 1924: Ramsay MacDonald becomes prime minister

Ramsay MacDonald was one of the founder members of the Labour party, which he took to power on this day in 1924.
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
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
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