OECD Bearish on UK GrowthThe latest report from the OECD yesterday has cast further dark clouds over the UK economy. The group warned that the UK, the fifth largest global economy as of last year, is...
BOE Under Pressure As UK Inflation Hits 11.1%
UK CPI Soars AgainThe latest UK economic data today makes for troubling reading. CPI was seen spiking higher to 11.1% in October, well above the 10.7% the market was looking for. Marking a full 1%...
Market Spotlight: UK Recession Fears Grow As Real Wages Fall Further
Real Wages Falling The latest economic data out of the UK today has further heightened fears of a recession there. in the three months through August 2022, the unemployment rate was seen ticking back...
Market Spotlight: BOE Steps In To Tame Bond Market Chaos
BOE Emergency Measures AnnouncedThe Bank of England yesterday was forced to take emergency action in the UK bond market, announcing £65 billion in purchases to be completed over the next 13 working...
Investment Bank Outlook 29-09-2022
BNY MellonBOE: Avoiding UK Mortgage MayhemThe Bank of England went to great lengths Wednesday to stress that its intervention in Gilt markets is purely a financial-stability-related operation. The...
Investment Bank Outlook 15-09-2022
BNY MellonMind The UK Consumption GapOn the face of things, the latest UK labour market data likely provides the Bank of England with some relief. Nominal incomes are still growing at a relatively...
Market Spotlight: New UK PM Announcement Due Today
Change In Leader to Be Announced Shortly UK citizens and traders alike are bracing for today’s announcement regarding the Conservative Party leadership contest. The contest, between Rishi Sunak and...
GBP Rallies As UK Inflation Hits 10.1% - BOE Rate Forecasts Jump
UK Inflation Rises AgainThe latest set of UK inflation makes dizzying reading for UK consumers. Headline CPI hit 10.1% in July, marking an increase on the prior month’s 9.4% level and the highest...
BOE Considering Larger August Hike As UK Inflation Hits 9.4%
GBP Rallying On Fresh CPI BeatGBP hasbeen back in demand this week as traders swing their attention back onto BOErate-hike expectations. The latest set of CPI data this week showed that UKinflation is...
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