UK inflation surged to 2.3% in October, up from 1.7% in September, sparking fresh concerns about wealth erosion and unsettling financial markets. This significant rise, coupled with signs of a potential return
The US Federal Reserve will conclude its two-day policy meeting and announce the interest rate decision on Wednesday. For the first time in a very long time, markets are unsure about what
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
The GBPUSD pair remains confined around 1.2710 during Asian trading on Wednesday. Financial markets await fresh impetus, with the release of the UK Consumer Price Index (CPI) and FOMC Minutes due on Wednesday. Federal
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
By Naeem Aslam Investors are taking a cautious approach when it comes to taking risks. This week’s economic data hasn’t been so supportive of their investment thesis, and hence they are
By Craig Erlam The UK fell into recession in the second half of last year after GDP figures for the fourth quarter showed a steeper contraction than expected. While a recession was
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
By Craig Erlam It was a rough day of trading on Wednesday, with data from China and the UK not aligning with the optimistic position investors have committed to at the start
By Edward Moya US stocks are declining on soft earnings, rising rates, and as the risks grow for a potential widening of the Israel-Hamas conflict. Wednesday’s round of earnings from Morgan Stanley,
