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The Bank of England cut interest rates by 25 basis points, aligning with expectations. However, the split vote among MPC members (ranging from no cut to a 50bp cut) reflects uncertainty and supports the BoE’s gradualist...
With no major UK economic data scheduled this week, sterling is likely to take its cues from international developments as well as the ongoing global impacts of trade tariffs and...
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...
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.
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 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...
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.
The pound has weakened against the dollar and other currencies following the release of the UK Gross domestic product for Q3 on 15 November. GDP for the period July to September showed growth of only 0.1%, significantly lower than the 0.5% figure in...
The pound has weakened against the dollar and other currencies following the release of the UK Gross domestic product for Q3 on 15 November. GDP for the period July to September showed growth of only 0.1%, significantly lower than the 0.5% figure in...
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