Thursday 19th July 2018

Jerome Powell was upbeat in front of the House Committee on Financial Services overnight, helping support the US dollar. It strengthened the dollar, with warnings on tariffs from Christine Lagarde having little impact. But the pound took a hit today. Phil Dobbie asks NAB’s Gavin Friend whether slowing inflation could cause the Bank of England to rethink the prospect of an August rate rise. They also look ahead to today’s employment data in Australia and the quarterly NAB Business survey.