by Jonathan Cook | Nov 20, 2024
Andrew Bailey’s appearance in parliament yesterday added to the sense of anticipation ahead of next month’s monetary policy meeting. The economics might suggest a cut is imminent but the recent budget and today’s inflation report could persuade the Bank to wait...
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by Jonathan Cook | Nov 20, 2024
Inflation in the UK returned to a six-month high of 2.3% in October, spurring a rally for the pound on market open this morning. Part of this bounce reflected energy regulator Ofwat’s increased price cap, which caused a significant spike to the price of gas and...
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by Jonathan Cook | Nov 19, 2024
Donald Trump still has to wait two more months until he is sat in the Oval Office again. For the US dollar, there is a degree of uncertainty here as there is still much Joe Biden could achieve in the intervening period. For his part, some of Trump’s actions could...
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by Jonathan Cook | Nov 19, 2024
The euro has had a year to forget but it is looking to scrape back some of its losses against the pound. Despite having fallen by almost 5% year-on-year, the euro has climbed by over a cent against the pound in just one week. Based on current trends, ruling out a...
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by Jonathan Cook | Nov 19, 2024
Sterling’s short-term direction is likely to be closely linked to both data and the opinions of the Bank of England. Markets are currently fairly split between expecting a hold and a cut at its December meeting but more aggressive tones from either the European...
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