AUDGBP AUD/GBP
- 0.5206
- -0.0009-0.17%
AUD/GBP News
United Kingdom's central bank: Even if inflation falls, more British people predict a rate hike rather than a rate cut.
Although the United Kingdom's inflation expectations have dropped to 2.8%, the lowest since August 2021, the public is not yet convinced that interest rate cuts are underway.
Britons Expect Rate Rises Even as Inflation Falls, BOE Says
UK inflation expectations fell to the lowest in three years, but the public is yet to be convinced interest-rate cuts are under way.
Inflation pressure still exists. The Bank of England is expected to continue to hold steady next week.
For British Prime Minister Sunak, the hope that the Bank of England will cut interest rates before the election may be dashed because inflationary pressures in the UK appear to be too great for the Bank of England to cut rates at its policy meeting on June 20.
Economists predict that the Reserve Bank of Australia will maintain the current interest rate until September and cut it for the first time in the fourth quarter.
According to a survey of economists, due to continued price pressures, the Reserve Bank of Australia is expected to maintain the benchmark interest rate unchanged for the fifth consecutive time at next Tuesday's interest rate meeting.
Australia's Economy Operating Close to Capacity Despite Growth Slowdown -- Market Talk
Australia's economy is operating close to or beyond its capacity despite the growth slowdown, says Paul Bloxham, HSBC chief economist for Australia and New Zealand.
Australian Dollar Rebounds as Economists Predict the RBA to Maintain Rates in June
The Australian Dollar (AUD) has recovered from Friday's losses, possibly driven by improved risk appetite.
RBA to Keep All Policy Options on the Table -- Market Talk
The Reserve Bank of Australia is expected to remain vigilant when its board meets next week and publicly reveal once again that it discussed tightening policy settings.
Higher Risk of RBA Rate Hike in 2H Than a Cut -- Market Talk
Australia's employment data released earlier today is unlikely to shift the dial for the Reserve Bank of Australia, says Paul Bloxham, chief economist for Australia at HSBC, in a note.
Australia's Unemployment Rate May Hit 4.4% by End 2024 -- Market Talk
Australia's labor market cooling is happening in an interesting way, with employers tempering hiring plans and trimming the hours they offer employees rather than increasing layoffs or redundancies, Harry Murphy Cruise, economist at Moody's Analytics, says in a note.
Australia's Unemployment Rate Drops to 4% as Hiring Persists
Australian unemployment dipped last month and job gains exceeded estimates, highlighting the resilience of the country’s labor market to elevated interest rates and high immigration.
Australian Unemployment Rate Seen Edging Lower in May
Australia is set to release the May employment report on Thursday at 1:30 GMT. The Australian Bureau of Statistics (ABS) is expected to announce the country added 27.5K new job positions in the month, down from the 38.5K gained in April.
UBS Now Sees Bank of England Starting to Cut Rates in August Vs. Earlier View of June
UBS said it shifted its call for the first Bank of England (BoE) rate cut from June to August, implying no change from the Monetary Policy Committee (MPC) at the next meeting on June 20.
Pound Sterling Edges Higher After April GDP Stalls in Line With Expectations
Pound sterling edged higher against a softer US dollar and rose against some other major currencies in early European trade on Wednesday after government data showed the UK economy stalling in line with expectations in April.
U.K. Is Growing, Though Trend Is Unclear -- Market Talk
The U.K. is likely to grow over the second quarter despite stagnation in April, ING economist James Smith writes in a note.
Pound Sterling Steadies After UK GDP Data Shows Economy Stalled in April
The Pound Sterling (GBP) rallies to near 1.2850 against the US Dollar (USD) in Wednesday’s New York session.
UK Economy Stalled in April After Wet Weather Held Back Retail
A rebound from last year’s recession appears to be losing momentum after the highest interest rates in 16 years continued to weigh down the finances of both businesses and consumers.
UK GDP Arrives at 0% MoM in April, as Expected
The UK economy stalled in April, with GDP arriving at 0% after expanding 0.4% in March, the latest data published by the Office for National Statistics (ONS) showed on Wednesday. Markets expected no growth in the reported period.
In May, 50,000 people were laid off in the United Kingdom, but the salary increased to 5.9%, making the outlook for the Bank of England's interest rates more complex.
In May, the United Kingdom laid off 50,000 people, and the unemployment rate rose to 4.4%. The average income, including bonuses, increased from 5.7% to 5.9%. The Bank of England will formulate policies next week, and may lay the foundation for economic recovery by reducing interest rates in the second half of the year as overall inflation decreases.
As of April, the United Kingdom's unemployment rate for the first three months is 4.4%, the highest in two and a half years.
As of April, the UK's unemployment rate for the three months unexpectedly rose to the highest level in more than two and a half years, while the pressure for pay rises in the private sector eased, further proving that inflationary forces are weakening. The UK's National Statistics Office said on Tuesday that the unemployment rate rose to 4.4% in the three months to April, the highest level since mid-2021. The average weekly wage growth in the private sector was 5.8%, the lowest level in two years, despite a nearly 10% increase in the minimum wage. These data give hope to policymakers at the Bank of England that they may begin to cut interest rates at the end of this summer, led by Governor Andrew Bailey and other officials.
UK Unemployment Rises in Sign Inflationary Pressures Cool
Job vacancies dropped by 12,000 in the quarter to 904,000, the 23rd consecutive fall. That’s still above levels before the Covid-19 pandemic hit.