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.

WSJ07:21 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.

WSJ06:29 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 Bloomberg05:31 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.

WSJ05:24 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.

FXStreet04:08 ET

Australian PM's Support Rises After Big-Spending Budget

Australian Prime Minister Anthony Albanese’s personal approval rating climbed and support for his government improved after last week’s budget, even as economists warned the spending measures could exacerbate inflationary pressures.

BNN Bloomberg21:49 ET