
Curreny Update – 13 June 2023
GBP As expected, the Bank of England (BoE) delivered a twelfth successive rate hike yesterday (Thursday), raising UK interest rates by another 25bps to 4.5%. At 7-2, the voting pattern
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GBP As expected, the Bank of England (BoE) delivered a twelfth successive rate hike yesterday (Thursday), raising UK interest rates by another 25bps to 4.5%. At 7-2, the voting pattern

GBP The latest UK inflation report was somewhat mixed for April. As expected, headline CPI thankfully slipped from double digits to 8.7% on an annual basis. However, markets had been

GBP Amongst key UK economic releases this week, there was an unexpected increase in the latest ILO unemployment rate, which jumped from 3.8 to 3.9% during March. There were also

GBP With both the Fed and ECB raising rates by another 25bps, markets believe that the BoE will replicate next week, raising UK rates to 4.5% in the process. That

GBP It has been a fairly quiet week for UK data. However, the latest data from the ONS confirmed that the UK government borrowed less than had been expected during

GBP The latest UK inflation data has helped to fuel increased market bets that the BoE will be forced into a more aggressive path of rate hikes, as they battle

GBP It has been another strong week for the pound, with GBP/USD testing the 1.2500 region once again. The move higher has been all the more noteworthy, given that most

GBP The BoE governor Andrew Bailey has been highly visible this week, reiterating the need for the BoE to keep focus on fighting inflation in spite of the bank wobbles,

According to the latest provisional data from the Ministry of Transport, Mobility and Urban Agenda, real estate transactions involving foreign buyers have increased at a greater rate than those carried

GBP The Bank of England (BoE) raised UK interest rates by another 25bps to 4.25% yesterday, marking the 11th consecutive rate increase from the bank, albeit at a reduced pace