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Shock for UK as Bank of England halves its economic growth prediction

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UK bond yields soar to multi-decade highs: Is it a new 'Truss moment'?

UK gilt yields hit multi-decade highs, with 10-year yields at 4.90% and 30-year at 5.40%. The pound slumped to a 14-month low. Analysts debate if this is a new "Truss moment" or temporary turbulence driven by inflation and fiscal worries.

09/01/2025

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Which European stocks have historically rallied in January?

While January has not historically been a blockbuster month for European equity indexes, some individual equities offer compelling opportunities for investors paying attention to seasonal trends.

28/12/2024

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BoE delivers 'dovish hold' as growth stalls, trade risks rise

The Bank of England maintained its key interest rate at 4.75% in a 6–3 split vote, as inflation pressures persist and growth falters. Inflation rose to 2.6% in November, but growth is now forecast at 0% for the fourth quarter. Markets interpreted the decision as dovish.

19/12/2024

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UK inflation rises further above BoE's target in November

The biggest increase since March and the second rise in two months is likely to cement market expectations that the Bank of England will keep its main interest rate unchanged after its policy meeting on Thursday.

18/12/2024

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Weekly recap: Stock market rally stalls amid bond market jitters

Global markets saw a slide in weekly performance due to rising government bond yields, following the US inflation data release and the ECB’s hawkish rate cut.

13/12/2024

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UK inflation rises to 2.3% as energy bills push up consumer prices

Inflation in the UK rose sharply to a six-month high in October, above the BOE's 2% target, scaling back bets that there will be further cuts in borrowing rates this year.

20/11/2024

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Bank of England hails warmer EU relations after Starmer’s reset pledge

A shift in trade patterns with Europe has weighed on the UK economy, Governor Andrew Bailey said.

15/11/2024

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Markets lookahead: EU economy and US inflation figures in focus

Following a volatile week, market participants will shift their attention back to major economic indicators from key economies, particularly US inflation data and Chinese economic figures, this week.

11/11/2024

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Bank of England makes its decision on UK interest rates

The Bank of England decides to cut its main interest rate to 4.75% following a fall in inflation to its lowest level since April 2021.

07/11/2024

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UK inflation falls to 3-year low boosting hopes for another rate cut

Lower air fares and petrol prices dragged down price increases in September in the UK, prompting hopes that there will be another interest rate cut on the cards.

16/10/2024

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UK economy returns to growth in August after two months of stagnation

Figures released by the Office for National Statistics (ONS) showed that Gross domestic product (GDP) recorded a 0.2% growth in August, an increase on no growth in June and July.

11/10/2024

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Pound rockets to more than two-year high after BoE rate decision

Sterling soared to its highest level in two and a half years against the US dollar after the Bank of England held its interest rate steady, diverging from the Federal Reserve’s substantial rate cut.

20/09/2024

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Markets weekly recap: Risk-on boosted by Fed’s outsized rate cuts

Global stock markets are set for a positive weekly close following the Fed’s jumbo rate cuts. The Bank of England’s hawkish rhetoric has kept the Pound at a two-and-a-half-year high.

20/09/2024

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Bank of England keeps rates at 5%, propels pound to over 2-year highs

The Bank of England held rates at 5%, as largely expected. The pound surged against the dollar and euro, while the FTSE 100 dipped slightly. European stocks rallied following the Federal Reserve's rate cut.

19/09/2024

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Markets look ahead: EU CPI, BoE, BoJ, and Fed rate decisions in focus

This week is packed with critical economic data and events, shaping global market sentiment. Three major central banks are scheduled to hold policy meetings and make decisions on their interest rates.

16/09/2024

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Pound slips on weaker-than-expected UK inflation data

The pound retreated following a one-day surge, prompted by weaker-than-expected UK inflation data. Cooling inflation may increase the likelihood of further interest rate cuts by the Bank of England this year.

14/08/2024

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Pound remains on course for worst run of losses in almost a year

The currency could potentially be further weakened if the Bank of England chooses to implement more rate cuts this year.

09/08/2024

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BoE cuts interest rates in first drop in four years as inflation falls

The Bank of England cut interest rates by 0.25% to 5% with a narrow 5-4 vote, as inflation met the 2% target. This decision caused the British pound to weaken and led to a slight rebound in UK equities.

01/08/2024

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UK interest rates should stay on hold this summer, warns BOE official

The UK's jobs market is currently too strong to start cutting interest rates, says BOE Monetary Policy Committee member Jonathan Haskell.

09/07/2024

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UK investors 'not satisfied' with portfolio performance - says report

Many UK investors have been dissatisfied with their portfolio performances over the last year, according to new research by investment firm RAW Capital Partners.

05/07/2024