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FX round-up: US dollar continues to gain altitude
The Greenback continued to push higher against all the major crosses at the end of the week despite somewhat dovish Fedspeak and mixed economic data published Stateside.
Sunday newspaper round-up: Falling growth forecast, inflation, William Hill, BHP
The apparent recent success of the UK economy post Brexit is "deceptive" and the UK's economic growth will slump to just 0. 8% next year, according to the respected EY Item Club. The falling pound is helping exporters, but is already seeing the beginning of surging inflation, which will squeeze household incomes and spending, while investment and hiring plans are also likely to be squeezed in the current environment, the Sunday Times and Mail on Sunday reported.
Bonds: 10-year Gilt yields hit post-Brexit high
These were the movements among the yields on some of the most widely-followed 10-year bonds:.
Commodities: Oil futures end lower as US rig count climbs
Commodity prices finished the session higher despite downwards pressure in the form of a stronger US dollar and data showing US frackers were busy bringing oil rigs back into operation.
Sunday share tips: Royal Dutch Shell, Asos, Spire Healthcare
Royal Dutch Shell shares are worth buying for the dividend, according to the Sunday Times's Inside The City column. Acquiring BG Group in 2015 after oil prices had already collapsed, stretched Shell's balance sheet close to its limit, but it still pays out a hefty amount. Incoming cash no longer covers the dividend as well as paying for drilling new discoveries, resulting in net debt ballooning to a record $75bn at the end of June.