According to economists, the Bank of England is expected to continue cutting interest rates until 2026, as the UK economy faces ongoing inflationary pressures and a tight labor market.
Sterling reaches two-year high amid expectations of rapid US rate cuts.
Sterling continued to strengthen against the dollar on Tuesday after the Bank of England’s decision last week to maintain its base interest rate, while US policymakers implemented a 0.5% rate
FTSE 100 climbs as investors renew expectations for significant US rate cuts.
The FTSE 100 saw a slight rise as investors anticipated a significant interest rate cut in the US next week. The index increased by 0.1%, with its growth tempered by
Goldman Sachs Advises to Buy British Stocks
An American investment banking powerhouse has advised its clients to invest in London-listed stocks, citing what it described as “over a decade of persistent underperformance.”
FTSE 100 headed for its poorest weekly performance in eight months.
The FTSE 100 declined as investors awaited a crucial U.S. jobs report that could shape the Federal Reserve’s upcoming interest rate decisions.
Footsie Ends the week on a High as Global Markets Rally
The FTSE 100 closed higher, buoyed by positive global market sentiment following comments from Jerome Powell.
The FTSE 100 rallies into the weekend as market sentiment improves.
The FTSE 100 continued its upward trend on Friday, driven by a broad rally across cyclical sectors such as miners, housebuilders, and retailers. Defensive stocks also saw gains, with Unilever
JP Morgan predicts that the FTSE 100 will emerge as the ‘winner’ amidst the stock market turmoil.
The FTSE 100 is set to end the week more robustly than the US, as Britain’s leading stock index becomes a safe haven amid global market turmoil.
The pound is on course for its steepest losses in nearly a year due to fears of a U.S. recession.
The pound is on track for its longest losing streak in nearly a year as concerns about a potential U.S. recession re-emerge in financial markets.
Sterling Reaches One-Year High Following Growth Surge
Sterling has surged to a one-year high against the dollar, reaching $1.29 this afternoon.
UBS predicts silver will benefit from gold’s record-breaking prices.
UBS analysts suggest that silver stands as the precious white metal with the greatest potential to capitalize on gold’s ongoing rally.
The pound will likely hit $1.35 next year, according to Goldman Sachs
Economists predict that the British pound will reach $1.35 next year, providing a favourable exchange rate for those converting currencies for holidays.