Pound ticks up after sliding on BoE cut and gloomy forecasts
The pound regained some ground on Friday after dropping on Thursday when the Bank of England cut interest rates and halved its growth forecast for the year.
BOE Could Cut Rates Only Twice More, Pausing in Second Half
The Bank of England could cut interest rates only twice more, including once at this week’s meeting, pausing rate reductions by the second half of the year, Berenberg’s Andrew Wishart says in a note.
FTSE 100 Live: Bailey Says BOE Expects to Be Able to Cut Rates Further
Governor Andrew Bailey says the BOE will take a “gradual and careful” approach to cutting rates Join the Markets Today team -- Sam Unsted, Morwenna Coniam, Nick Bartlett and Dave Goodman -- for news and analysis vital to UK markets. Email us at [email protected]
Pound slides on BoE rate cut as investors fret about 'stagflation'
By Harry Robertson, Naomi Rovnick and Greta Rosen Fondahn (Reuters) -Investors grappled with a gloomy set of Bank of England forecasts on Thursday that complicate the outlook for UK assets, with sterling set for its biggest one-day fall in four weeks even as bond yields held broadly steady.
Dovish BoE officials cut rates in the face of hawkish forecasts
The BoE’s forecasts suggest it will only cut rates two more times over the next three years on the back of higher inflation and weaker underlying growth capacity. The 7-to-2 vote to cut rates with a bias towards a larger cut suggests MPC members do not accept the hawkish message in the forecasts.
U.K. Data Are Key For Sterling Outlook After This Week’s BOE Rate Cut
Sterling was up slightly against the dollar and U.K. economic data should prove key to the British currency’s outlook after the BOE’s 25bp rate cut.
Stronger wage growth justifies caution on rates, says BoE's Pill
Bank of England Chief Economist Huw Pill said on Friday that an expected rise in inflation this year would probably not lead ...
BoE’s grim outlook highlights scale of the challenge for Rachel Reeves
The weak outlook underlines the challenge facing chancellor Rachel Reeves after she pledged that growth was the government’s number one mission. It raised fresh questions about the fiscal outlook, ...
Gold Dealers Sell BOE Bullion at Discount in Tariff Turmoil
Gold in the Bank of England vault is trading at a discount to the wider market, as fears over potential Trump tariffs spark a ...
European Shares Near Record High Following Robust Earnings; BoE Rate Decision Awaited
(Reuters) - European shares hovered near a record high on Thursday, buoyed by a raft of upbeat earnings, including drugmaker ...
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February 5th Alberta Crown Land Sale totals $18 MM – Karr/Elmworth Montney rights get scooped up – BOE Intel
The Alberta Government brought in $18 MM on its February 5th Crown land sale. In total, 29,120 hectares were sold at an ...
UK Firms Trim Wage Growth Expectations, BoE Survey Shows
Over half of firms contacted in the DMP survey expected to cut staff and 38% thought they would pay lower wages due to the ...