Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.86% of retail investor accounts lose money when spread betting or trading CFDs with this provider. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.
Compass on market data
CFDs trading
-
2
min

Daily Digest - 1 September

The latest YouGov poll has expectations for UK household inflation over the next 5-10 years to average at 4.8 percent, a record high for the poll and well ahead of the two percent inflation target.

Nationwide has UK house prices up 10 percent year on year in August, down from 11 percent in July, but still ahead of forecasts of 8.9 percent given elsewhere.

The Fed's Mester states that rates need to be lifted to "above four percent by early next year" and does not expect rate cuts next year. She also said it was far too soon to conclude inflation has peaked, as the Fed continues to push out the narrative that it is fully committed to easing high asset prices.

The Bank of France's Francois Villeroy states that the next ECB rate move must be carried out with determination, but in an orderly and predictable way, and does not see a recession in Europe in 2022. However, he added that nothing can be ruled out for 2023.

Please note that the presented content refers to the Oval group which contains two legal entities: Monecor (London) Limited authorised and regulated by the UK Financial Conduct Authority (FCA) with Financial Services register number 124721. Monecor (Europe) Limited authorised and licensed under the Cyprus Securities and Exchange Commission (‘CySEC’) with license number 096/08.