View the top stories to watch (11-15 July) and our key company earnings schedule.
Video special: sterling slump & the BoE
Our Chief Market Analyst Michael Hewson assesses what’s next for sterling amid ongoing Brexit volatility and the Bank of England's upcoming interest rate announcement.
BoE to measure twice, cut once?
On Thursday, the Bank of England is expected to lower interest rates from 0.5% to 0.25% in an attempt to cushion the effects of the economic turmoil wreaked by the recent vote to leave the EU.
While it wouldn't be a surprise to see rates come down, it may not be the done deal markets think it is. The cost of credit has already fallen sharply, which means the Bank may wait to get a clearer picture when it publishes its latest quarterly inflation report.
If the Bank does hold rates, we could see a sharp short-term sterling rally and a focus on its next meeting in August.
Selected company earnings (11-15 July)
|Monday 11 July||Results|
|Bank of the Ozarks (US)||Q2|
|Tuesday 12 July||Results|
|Wednesday 13 July||Results|
|Yum! Brands (US)||Q2|
|Thursday 14 July||Results|
|Dart Group (UK)||Full-year|
|First Republic Bank (US)||Q2|
|JPMorgan Chase (US)||Q2|
|Micro Focus (UK)||Full-year|
|Friday 15 July||Results|
|PNC Financial Services (US)||Q2|
|US Bancorp (US)||Q2|
|Wells Fargo (US)||Q2|
Company announcements are subject to change. All the events listed above were correct at the time of writing.
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