Posts Tagged ‘Monetary Policy’
Is the Rate Hike Cycle Finally Coming to an End?
GBP Sterling had been volatile anticipating the Bank of England’s rate hike decision last Thursday, with investors and speculators trying to guess the outcome. The BoE voted for another 0.25% increase in interest rates. This coupled with July’s negative PMI data, along with negative UK house price data sent the Pound falling against most of…
Read MoreAll Eyes on the ECB
GBP The pound finished the week down against both the dollar and euro despite the change in tone from the Bank of England and better than expected CPI figures. Two speeches last week from Monetary Policy Members Ramsden and Saunders were more hawkish than the markets expected, and sterling rallied off the back of it,…
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