Today’s top event is the central banking symposium in Jackson Hole – but I doubt its effects will be as great as many are hoping. August has been a slow month; the VIX volatility index is close to record lows and many of the currency pairs seem completely directionless and above all clueless about the next policy shifts. The latest estimates of the gross domestic production’s growth rate in the second quarter are published for the UK (0830) and US (1230). They will be hard to trade. The consensus forecast expects practically no changes, and even if there were surprises, the data is already old news and a bit ... (full story)