The battered British pound plunged to its lowest level since 1985 against the U.S. Dollar on Wednesday. This was due to investors selling off British assets amid a grim economic
Trader’s Café with Zak Mir: A Week In Small Caps, Saturday 27th August 2022
Just when you might have thought the worst was over for the stock market, Fed Chair Jerome Powell, via Jackson Hole, threw a spanner in the works.
The Bank of England has announced its biggest interest rate rise in 27 years.
To keep inflation under control, policymakers increased interest rates by 0.5% to 1.75% on Thursday. This was in an effort to maintain a lid on inflation which is expected to
Inflation in the UK reaches a 10-year high, which bolsters rate hike bets
As household energy bills rise, British inflation has risen to a 10-year high. This bolsters expectations that the Bank of England will increase interest rates in December. It did so