Posts Tagged ‘MPC’
Is BoE’s Monetary Policy finally working?
GBP Following the release of UK inflation figures on Wednesday, Sterling dropped against all G10 currencies. Official inflation for June was confirmed at 7.90%, a 3.0% drop compared to market expectations and a 0.80% drop from last month’s figures. These figures are still way above the BoE’s target rate of 2%, however, is the drop…
Read MoreHawkish BoE Helps Sterling Recover
GBP The pound has had a good start to October recovering by 1.6% versus the dollar and 2% against the euro. This rally has been fuelled by the recent reactions from central bankers to rising inflation rates with the Bank of England being seen as the first to raise rates. This was further backed up…
Read MoreMarkets Await Fed and BoE
GBP The pound managed to stay flat against the euro but lost half a percent to the dollar in a week which saw strong inflation numbers but poor retail sales. It would seem markets are starting to weigh up the possibility of global stagflation as prices rise but economic output fails to increase. One of…
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