Defensive sterling meets fragile eurozone as Fed eyes rate cut
It’s a relatively quiet week for UK economic data, but fiscal policy remains in focus as the government prepares for the Autumn Budget.
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It’s a relatively quiet week for UK economic data, but fiscal policy remains in focus as the government prepares for the Autumn Budget.
The pound continues to underperform amid growing concerns over the UK’s fiscal outlook. Weak growth and rising public sector demands are fuelling debate around government spending and borrowing - especially as the Labour Party conference gets underway this week.
After last week’s Bank of England decision to hold rates at 4%, sterling has struggled to maintain its footing. The vote split, with only two policymakers favouring a 25bp cut, introduced...
This week marks a big week, with two major Central Bank meetings scheduled; the Federal Reserve meets on Wednesday, followed by the Bank of England’s (BoE) sixth MPC meeting of 2025 on Thursday.
Sterling continues to hold above 1.3500 against the dollar, supported by USD weakness. Last week, Prime Minister Sir Keir Starmer has reshuffled his cabinet following the resignation of Angela Rayner, who...
Sterling continues to trade in a cloud of uncertainty as the UK’s economic picture remains mixed. Inflation accelerated again in July, rising to 3.8%, slightly above expectations of 3.7%, and marking the highest level since January 2024.
It’s a quiet week for UK data, but that doesn’t mean sterling will be spared from volatility. With no major economic releases scheduled, markets are...
Sterling edged higher last week following the Bank of England’s (BoE) decision to cut interest rates to 4.00% - the lowest level in over two years. The move was finely balanced, with five Monetary Policy Committee...
Sterling edged higher last week following the Bank of England’s (BoE) decision to cut interest rates to 4.00% - the lowest level in over two years. The move was finely balanced, with five Monetary Policy Committee...