The Bank of England needs to be honest and flag the risk of stagflation in the UK – not just “unavoidable” higher inflation – the CEO of a leading independent financial advisory
The UK should brace for higher inflation and higher-for-longer interest rates for the rest of the year, according to a leading independent financial advisory. Data earlier in the week showed that UK
The euro-sterling currency cross rebounds and targets highs since May 2023, trading around 0.8810 during the Asian hours on Thursday. EURGBP gains ground ahead of German Industrial Production and Eurozone Retail Sales
The Bank of England is likely to hold interest rates at 4% this week, ending its pattern of quarterly cuts and signalling a more measured phase in its policy approach, according to
The UK economy is facing recession risks, with Wednesday’s Spring Statement confirming what many had feared: conditions are worsening, and government policy is making it harder, not easier, to grow. Rising taxes,
The Pound Sterling trimmed some of its earlier gains versus the US dollar on Monday, starting the week on an upbeat mood after Flash PMIs in both sides of the Atlantic, came
Investors observed heightened volatility in some currencies on Wednesday following key data releases and central bank decisions. In the second half of the day, housing starts and building permits data for January
The Bank of England’s hesitant approach to tackling the UK’s economic malaise by cutting interest rates by a quarter point is setting the stage for prolonged stagnation, warned Nigel Green, CEO of
The EURGBP pair edged lower to 0.8440 in Wednesday’s North American session, as the five-day rally in the cross that was built on surging yields on UK gilts appears to be losing
The EURGBP cross extended the rally to 0.8445 during early European trading hours on Wednesday. The Pound Sterling weakened against the shared currency after the cooler-than-expected UK Consumer Price Index (CPI) inflation
