By Greg Smith on Wednesday, September 27th, 2023
in Blog, Market Insights
GBP – Bank of England hold rates at 5.25%, to watch data Last week, the major surprise was that the Bank of England committee voted not to hike by 5-4. Governor Bailey was the casting vote and decided on no rate hike. This follows 14 consecutive rate hikes that started at the end of 2021. […]
By Greg Smith on Tuesday, September 19th, 2023
in Blog, Market Insights
GBP – Bank of England likely to hike rates by 0.25% to 5.5% The announcement by the Bank of England will be the key focus in the UK. Most people expect the BoE to hike rates by a further 0.25% to 5.50%. This will be the 15th meeting in a row that rates have increased. […]
By Greg Smith on Tuesday, September 12th, 2023
in Blog, Market Insights
GBP – Falling inflation expectations and weaker labour market Inflation expectations have fallen in the Bank of England’s DMP business survey. There was dovish testimony last week from Governor Bailey that a marked fall in inflation is likely this year. Mr Bailey suggested that monetary policy is probably near the top of the cycle, similar […]