Sterling on edge ahead of autumn budget
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...
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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...
Sterling enters the week under pressure, not just from external forces but from a growing internal dilemma. The Bank of England faces a difficult decision when it meets this Thursday. Inflation is currently running at a...
The pound has started the week on a firmer footing, buoyed by improving market confidence following the US-EU trade deal. Investors seem to be showing more appetite for risk, which has supported GBP against both the dollar and the euro.
The Bank of England is facing renewed scrutiny over its quantitative tightening strategy, as recent volatility in the gilt market has exposed fragilities in demand for long-dated UK government debt.
The UK remains caught between persistent inflation and a cooling labour market. May’s CPI rose to 3.4%, with the Bank of England expecting a peak of 3.5% in...
Sterling extended its rally last week, with GBP/USD climbing to near four-year highs, largely on the back of broad-based dollar weakness. However, the pound’s ascent...
The Bank of England held rates at 4.25% as expected Thursday, although the vote split showed a slightly more dovish outcome than forecasted, with three members voting for a rate cut...