Bank of England Archives - Page 2 of 14

Will Pound hit $1.40 amid soaring optimism?

The pound could hit a peak of $1.40 by March next year, bolstered by a more promising economic outlook and the prospects of political stability, according to the CEO of a leading

23rd July 2024

Markets/World

UK economy rebounds faster than expected

The EURGBP cross remains on the defensive around 0.8425 during the early European session on Thursday, trading with mild losses after the monthly UK Gross Domestic Product data. The UK economy grew

11th July 2024

Markets/World

Will Labour win lift UK stocks?

UK equities’ support following a Labour victory driven by a temporary boost from easing political uncertainty will be limited as the expectation has already been widely priced-in by the markets. Also, for

6th July 2024

Markets/World

Case remains for BoE to start cutting rates

There remains a strong case for the Bank of England to commence cutting interest rates this summer, despite the latest UK inflation data showing mixed signals, said the CEO of a leading

22nd May 2024

Markets/World

UK GDP growth shines

By Naeem Aslam We finally have some good news about the UK economy, which has emerged out of recession. The economy has been in a black hole for a long period, and

11th May 2024

Markets/World

BoE in focus, gold and oil struggle

By Naeem Aslam European markets and US futures are trading higher while investors wait for the two most important events to unfold, one of which will shape trading activity for the rest

9th May 2024

Markets/World

Focus on earnings and data, gold continues retracement

By Naeem Aslam Investors and traders continue to support riskier assets, while the focus among them is very much on earnings and economic data. The fact that the Dow Jones industrial average

8th May 2024

Markets/World

Euro, Sterling under pressure after mixed Eurozone, UK PMI

The EURGBP cross pared its daily gains, trading lower around 0.8620 on Tuesday, following mixed Purchasing Managers Index (PMI) figures from the United Kingdom and the Eurozone. The preliminary S&P Global/CIPS UK Manufacturing

23rd April 2024

Markets/World

BoE must ‘do right thing’, cut rates in summer

The Bank of England must not be tempted to use a smaller-than-expected drop in inflation in March to delay interest rate cuts further, warned the CEO of a leading independent financial advisory

18th April 2024

Markets/World

BoE must cut rates at next meeting, says deVere CEO

The Bank of England left interest rates unchanged at a 16-year high of 5.25% on Thursday, fuelling more fervent calls for the central bank to cut rates at their next opportunity. “For

21st March 2024

Markets/World