Sterling still under pressure as analysts expect 0.3% growth to be confirmed

A little more detail on the Jackson Hole central bank meeting, courtesy of RBC Capital Markets:

The annual Jackson Hole Economic Symposium begins later tonight when the programme for this year’s gathering will be released (at 6pm local time, 1am UK time). The main address of interest to European markets, that of ECB president Mario Draghi, has already been confirmed by the ECB for 8pm (BST) on Friday evening.

For today, there is only one ECB speaker of note, Bank of Italy Governor Ignazio Visco, who will speak later this evening.

Here’s our story on the Dixons Carphone profit warning:

Dixons Carphone has warned of a steep fall in profits this year, as customers hold on to their phones for longer after the weaker pound pushed up the price of new handsets.

In an unscheduled trading statement, the company said it expects profits in the range of £360 to 440m this year, down from £501m last year. Analysts had on average been forecasting a profit of £495m.

Related: Dixons Carphone warns on profits as customers keep phones for longer

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