Pound ticks up after sliding on BoE cut and gloomy forecasts
The pound regained some ground on Friday after dropping on Thursday when the Bank of England cut interest rates and halved its growth forecast for the year.
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Dovish BoE officials cut rates in the face of hawkish forecasts
The BoE’s forecasts suggest it will only cut rates two more times over the next three years on the back of higher inflation and weaker underlying growth capacity. The 7-to-2 vote to cut rates with a bias towards a larger cut suggests MPC members do not accept the hawkish message in the forecasts.
Pound slides on BoE rate cut as investors fret about 'stagflation'
By Harry Robertson, Naomi Rovnick and Greta Rosen Fondahn (Reuters) -Investors grappled with a gloomy set of Bank of England forecasts on Thursday that complicate the outlook for UK assets, with sterling set for its biggest one-day fall in four weeks even as bond yields held broadly steady.
U.K. Data Are Key For Sterling Outlook After This Week’s BOE Rate Cut
Sterling was up slightly against the dollar and U.K. economic data should prove key to the British currency’s outlook after the BOE’s 25bp rate cut.
Stronger wage growth requires caution and care on rates, says BoE's Pill
Bank of England Chief Economist Huw Pill said an expected rise in inflation this year would probably not lead to second-round ...
BoE’s grim outlook highlights scale of the challenge for Rachel Reeves
The weak outlook underlines the challenge facing chancellor Rachel Reeves after she pledged that growth was the government’s number one mission. It raised fresh questions about the fiscal outlook, ...
Gold Dealers Sell BOE Bullion at Discount in Tariff Turmoil
Gold in the Bank of England vault is trading at a discount to the wider market, as fears over potential Trump tariffs spark a ...
UK firms trim wage growth expectations, BoE survey shows
British companies' expectations for wage growth fell marginally in January and expectations for employment growth also ...
Pound Sterling rebounds as investors start digesting BoE's lower GDP forecast
The Pound Sterling (GBP) ticks lower to near 1.2420 against the US Dollar (USD) in Friday’s European session ahead of the ...
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BoE: Dovish? Hawkish? Call It Neutral and Expect a March Pause
In line with our expectation, and that of economists and markets, the Bank of England lowered its key policy rate today by ...
US shares firm as tech earnings loom, BoE cut bruises sterling
U.S. shares held steady after European equities hit a record high, and gold prices were near an all-time peak as investor ...
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February 5th Alberta Crown Land Sale totals $18 MM – Karr/Elmworth Montney rights get scooped up – BOE Intel
The Alberta Government brought in $18 MM on its February 5th Crown land sale. In total, 29,120 hectares were sold at an ...