BoE rate cut Archives - Financial Mirror

Fixed yields attract investors ahead of rate cuts

With central banks signalling a path toward looser monetary policies as decades-high inflation cools, investors will be rushing into fixed yield opportunities before interest rates are cut, said the chief executive of

24th April 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

Sterling holds below 1.2700 ahead of Fed’s Powell testimony

The GBPUSD pair held below the 1.2700 mark during early Asian session on Wednesday, trading near 1.2695 and losing 0.08% on the day, with the downtick backed by the renewed US Dollar

6th March 2024

Markets/World

BoE rate cut pause a ‘failure’

The Bank of England’s Monetary Policy Committee (MPC) decided on Thursday to keep interest rates at 5.25%, unchanged for the fourth consecutive time, with a leading asset manager saying this showed the

1st February 2024

Markets/World

UK retail sales plunge in December

By Craig Erlam UK retail sales fell sharply in December as consumers tightened their purse strings during what is normally a hugely important time of year for retailers. Any sense of optimism

19th January 2024

Markets/World

UK wage growth cools, hints earlier BoE rate cuts

By Craig Erlam Labour market figures Tuesday morning kicked off a big week of economic data for the UK in a promising way, with wage growth a particular highlight from the report.

16th January 2024

Markets/World

UK inflation pushes for more BoE rate cuts

By Craig Erlam The Bank of England may be much closer to cutting interest rates than it admitted last week, when three policymakers thought it still appropriate to hike again. Inflation data

20th December 2023

Markets/World