Inflation, Bank of England
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BoE's Pill views quarterly pace of rate cuts
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GBP/JPY declined slightly after the UK CPI. It hit an intraday low of 192.92 and is currently trading around 193.12. The intraday trend is bearish as long as resistance 195 holds. The UKs April 2025 CPI inflation
Two Bank of England (BoE) policymakers have cautioned about further interest rate cuts, following last week's quarter-point reduction, as wage and inflation measures remain too high. Clare Lombardelli, deputy governor of the BoE, and Megan Greene ...
The Pound Sterling (GBP) rose to a new year-to-date (YTD) high of 1.3468 against the US Dollar (USD) on Wednesday as United Kingdom (UK) inflation rose, drifting away from the Bank of England's (BoE) 2% target, which had led to interest rate reductions earlier in the month. At the time of writing, GBP/USD trades at 1.3446, up 0.40%. Read More...
Ahead of the Bank of England's announcement today, Thursday, the GBP/USD currency pair is attempting to maintain its upward rebound gain
Britain's jobs market cooled again last month, according to data that showed the impact of a tax hike on employers and Donald Trump's trade tariffs but is likely to give some reassurance to the Bank of England that inflation pressures are waning.
The governor of the Bank of England (BoE), Andrew Bailey, has reaffirmed the central bank's “unwavering” commitment to reducing inflation to its 2% target, as he admits that these have been hard times for businesses and households. “Our commitment to ...