The British pound has reached its highest value in three months against the euro, following a downturn in Germany’s construction and manufacturing sectors.
RMT Members Cast Overwhelming Votes in favour of Accepting a Deal
RMT members have overwhelmingly voted in favour of a deal to resolve their extended conflict regarding wages and working conditions, as announced by the union.
UK inflation is ‘increasingly domestically driven,’ cautions the Bank of England.
The Deputy Governor of the Bank of England has indicated that the primary challenges to UK inflation are increasingly domestic in nature, especially as the country emerges from the energy
The Bank of England maintains that interest rates will not decrease in the near future.
The Bank of England’s Governor, Andrew Bailey, has cautioned that there will be no reduction in interest rates in the near term, emphasizing that the upcoming phase of reducing inflation
UK markets experience a decline despite a rise in consumer confidence.
Despite a Gfk survey indicating improved optimism among British consumers regarding economic prospects in November, UK stocks witnessed a downturn.
Traders are ‘underestimating’ inflation risk, warns Bank of England
The Governor of the Bank of England has issued a warning that money markets might be underestimating the likelihood of sustained inflation, a statement that propelled the pound to its
Andrew Bailey states that the Bank of England is accountable for reducing inflation.
Andrew Bailey emphasized to MPs that the UK Government’s commitment to cut inflation by half within the year is separate from the Bank of England’s own objectives.
UK – No interest rate cut till 2025, City economists have predicted
City economists predict that the Bank of England will maintain current interest rates through next year, citing expectations of sustained high inflation. Forecasts from Bank of America suggest that rates,
Bond yields fall as investors increasingly wager on reductions in interest rates.
The government’s borrowing costs have hit their lowest level since May, as market traders increasingly bet on cuts in interest rates.
Bank of England to cut interest rates as soon as May, Morgan Stanley predict
Morgan Stanley, an investment bank, forecasts that the Bank of England is set to reduce interest rates by May, which should benefit those with mortgages.
The Bank of England interest rates unchanged at 5.25pc.
The Bank of England has maintained its interest rates at the same level during its November session, continuing the halt from September.