U.K. Services Inflation Could Come in Above Forecast -- Market Talk

U.K.'s inflation data for April is likely to show that headline inflation is back to the Bank of England target of 2% while services inflation is expected to come in stronger than markets forecast, ING developed markets economist James Smith says in a note.

WSJMay 20 07:21 ET

Bank of England's Rate Decision Hinges on Services Prices -- Market Talk

Continued rapid rises in U.K. services prices would make the Bank of England think twice about cutting interest rates at its next policy meeting in June, ING economist James Smith writes.

WSJMay 20 06:29 ET

BOE's Broadbent Says UK Interest Rates May Be Cut This Summer

Bank of England Deputy Governor Ben Broadbent said UK interest rates may be cut this summer so long as economic data continues to evolve as officials expect.

BNN BloombergMay 20 05:31 ET

BOE's Broadbent Sees Possible Rate Cut "Some Time Over The Summer"

The Bank of England could cut its key interest rate over the coming months if wage growth and the rise in services prices show signs of cooling as forecast, Deputy Governor Ben Broadbent said Monday.

WSJMay 20 05:24 ET

Pound Sterling Holds Gains on Improved Market Sentiment, UK Inflation Comes Under Spotlight

The Pound Sterling (GBP) trades close to an almost two-month high around 1.2700 in Monday’s European session. The GBP/USD pair strengthens as the US Dollar (USD) is on the back foot as financial markets remain confident that the Federal Reserve (Fed) will start lowering interest rates from the September meeting.

FXStreetMay 20 04:08 ET

Investment banks have different opinions on whether or not the Bank of Canada will cut interest rates in June. The market is likely to predict 40%!

Forecasters expect that this week's data will show Canada's CPI decline in April, but financial markets are still uncertain whether the Bank of Canada will cut interest rates in June. The Bank of Montreal said that the Bank of Canada may need to see lower levels of inflation to persuade it to cut interest rates in June. The financial market currently believes that the possibility that the Bank of Canada will cut interest rates in June is about 40%. Meanwhile, some economists insist that interest rates will be cut in June, such as the Royal Bank of Canada.

FX678 FinanceMay 20 01:09 ET