Inflation falls to 8.7%, but Bank of England remain alert

By Greg Smith on Wednesday, May 24th, 2023

in Blog, Market Insights

GBP – Inflation falls to 8.7%, but Bank of England remain alert The main highlight for the UK this week is inflation.  Energy and other goods have pulled inflation lower to 8.7% from 10.1% in March.  The drop in inflation was smaller than some expected with forecasts closer to 8%.  This will keep pressure on […]

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Bank of England hiked for the twelfth time to 4.5%

By Greg Smith on Monday, May 15th, 2023

in Blog, Market Insights

GBP – Bank of England hiked for the twelfth time to 4.5% Last week, the Bank of England increased rates for the twelfth time in a row.  As expected, they raised rates this time by 0.25% to 4.5%.  The BoE persistently high inflation on higher food prices and called industry bosses in to discuss.  In […]

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