By Greg Smith on Tuesday, June 27th, 2023
in Blog, Market InsightsGBP – BoE hike 0.5% to 5%, with expectations of 6% this year Markets were fully expecting a rise in interest rates from the Bank of England last week. However, with the higher-than-expected inflation data and wage growth, we saw the BoE hike rates by 0.5% instead of 0.25%. It is likely that the committee […]
By Greg Smith on Wednesday, June 21st, 2023
in Blog, Market InsightsGBP – Sterling hits 14-month high as BoE expected to hike again This week, attention will be on sterling with the Bank of England rate decision on Thursday. Pretty much everyone expects a further 0.25% rate hike to 4.75%. That will make it 13 in a row. The BoE are still clearly concerned about persistent […]
By Greg Smith on Monday, June 12th, 2023
in Blog, Market InsightsGBP – Positive labour market and GDP expected We now have two weeks to wait until the next Bank of England rate decision on 22nd June. The data will be closely watched in the run-up to that decision which may see a pause in rate hikes. Tomorrow we will get the labour market report which […]
By Greg Smith on Wednesday, May 24th, 2023
in Blog, Market InsightsGBP – Inflation falls to 8.7%, but Bank of England remain alert The main highlight for the UK this week is inflation. Energy and other goods have pulled inflation lower to 8.7% from 10.1% in March. The drop in inflation was smaller than some expected with forecasts closer to 8%. This will keep pressure on […]
By Greg Smith on Monday, May 15th, 2023
in Blog, Market InsightsGBP – Bank of England hiked for the twelfth time to 4.5% Last week, the Bank of England increased rates for the twelfth time in a row. As expected, they raised rates this time by 0.25% to 4.5%. The BoE persistently high inflation on higher food prices and called industry bosses in to discuss. In […]
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