Craig Erlam, UK & EMEA, OANDA
Craig Erlam, UK & EMEA, OANDA
21 November 2022
Market View: A closer look at UK’s fiscal statement, Japan’s inflation figures and Yen weakness
The UK economy is at the heart of our discussion today after UK’s finance minister Jeremy Hunt last week unveiled a budget plan to save 55 billion pounds a year to fix the country’s public finances.
With almost half of the belt-tightening due to come from tax hikes, to what extent can households withstand such measures as surging inflation continues to erode incomes?
Back in Asia, Japan saw its core inflation figure come in at the highest level in 40 years. What would this mean for markets with Bank of Japan governor Haruhiko Kuroda standing firm on the country’s ultra-loose monetary policy?
On Market View, Prime Time’s finance presenter Chua Tian Tian sat down with Craig Erlam, Senior Market Analyst, UK & EMEA at OANDA for more.
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Listen to his previous podcasts:
5 September 2022
Market View: US non-farm payrolls report, Russia's Gazprom cutting gas supplies , market reaction and Bitcoin:
US non-farm payrolls rose 315,000 in August, a little lower than the 318,000 expected by Dow Jones economists, but will the data is enough for the Fed to change their minds on a jumbo rate hike come September? At the same time, Russia’s Gazprom has announced an indefinite shutdown of its key Nord Stream 1 pipeline to Germany after G7 countries agreed to impose a price cap on Russian oil. Have this foreshadowed the positive sentiments over the US jobs report? And in currency news - the Yen has crossed the psychological 140 mark against the dollar. Bitcoin, meanwhile, falling below the US$20,000 support level. Where will the Yen and Bitcoin move in the near term? On Market View, Prime Time's finance presenter Chua Tian Tian broke down the market action with Craig Erlam, Senior Market Analyst, UK & EMEA at OANDA.
Download the podcast.