According to recent data, the BoE’s targets are a little pessimistic when compared to their predictions, especially considering inflation fell to its lowest in two years at 3.9% in November 2023. PwC has warned the BoE that “increased inflationary pressures” will persist in either outcome but that a decrease in global energy prices could help…
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British inflation data released on Tuesday, 19 December, also showed a considerable decrease in November inflation, registering its lowest rate in two years. As a result, investors and analysts are predicting a string of further interest rate cuts from the Bank of England (BoE) in H1 of 2024. Investor consensus calculates nearly a 50% chance…
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Despite this, HM Revenue and Customs data from September of this year presents a promising increase in UK R&D expenditure (Research & Development). After a dip caused by the Covid-19 pandemic, R&D expenditure for 2021-2022 totalled £44.1bn – a hefty and welcomed sum that has worked against interest hikes and ever-increasing inflation rates. Don’t miss…
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In the U.S., however, initial data for the Federal Reserve showed a 3.8% spike in unemployment, with 110,000 fewer jobs created in August in comparison to June and July, despite the U.S. boasting increased job growth and market economy. Alongside Hunt’s announcement, the inflation rate in the eurozone remained at a steady 5.3% average for…
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GBP/USD Currency Pair Projecting Further Upside Kicking things off with a look at where we are on the weekly scale, buyers appear reluctant to push beyond YTD tops. Still, the weekly chart demonstrates scope to approach as far north as resistance from $1.2767, a long-term horizontal base sharing chart space with a trendline resistance from…
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G4S jumps after hostile takeover attempt revealed The FTSE 100 was close to flat on Monday, with Ocado Group leading the index after gaining 3.9% and British Airways parent International Consolidated Airlines Group down 30.8% at the back. IAG’s plummet is not a cause for investor concern however; it was a technicality related to a…
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UK inflation sinks to four-year low London markets closed before the American Covid-19 case news drove US-listed shares into the red; the FTSE 100 gained 0.2% on Wednesday, with the FTSE 250 up 0.7%. In economic news, the UK inflation rate slowed to 0.5% in May, its lowest level since mid 2016. One major drag…
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The following article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). Pound traders are torn between two major opposite forces. In one hand, the Brexit shenanigans and the deterioration of the atmosphere among the Tories continues weighing on the sentiment in the pound markets. On…
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The following article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). The Bank of England (BoE) will meet on Thursday and is expected to keep the bank rate unchanged at the historical low level of 0.25%, maintain its sovereign bond purchases target at 435 billion…
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Why did higher UK inflation trigger a pound rally?
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