Rental costs are soaring! Major central banks face stubborn obstacles to curbing inflation

In the US, the UK, Canada, and Australia, rapidly rising housing costs — which weigh heavily in the consumer price index basket — are preventing inflation from falling back to the central bank's target level.

Zhitong FinanceMay 7 23:22 ET

Analysts dig deep: The Bank of England's interest rate cut strategy and the future direction of the British pound!

Amid the tide of global financial markets, the future trend of the British pound has become the focus of investors' attention. As the Bank of England's possible interest rate cut path gradually becomes clear, and global market dynamics continue to evolve, this article will provide a comprehensive perspective, explore in depth the prospects of the British pound, analyze the Bank of England's policy expectations, and how these decisions interact with global market trends.

FX678 FinanceMay 7 08:11 ET

Late Start to BOE Rate Cuts Should Support Pound -- Market Talk

The Bank of England's first interest-rate cut is unlikely to happen till late summer at the earliest, according to market pricing, and any validation of this outlook from BOE officials would add fuel to the pound's rally, Matthew Ryan, head of market strategy at Ebury, says in a note.

WSJMay 7 07:13 ET

U.K. Consumer Confidence Likely to Improve Despite Retail Sales Drop -- Market Talk

The April sales drop in the U.K. reported by the British Retail Consortium shouldn't surprise retailers given the earlier Easter weekend falling in March and high levels of rainfall over the period, Quilter Investors investment strategist Lindsay James says in a note.

WSJMay 7 05:32 ET

Pound Sterling Falls Back as Focus Shifts Towards BoE Monetary Policy Decision

The Pound Sterling (GBP) drops to 1.2540 against the US Dollar in Tuesday’s London session.

FXStreetMay 7 03:40 ET

Halifax: UK Monthly Average House Prices Rise 0.1% in April

Britain's average house prices increased 0.1% month over month in April after a 0.9% fall in March, Halifax said Tuesday.

MT NewswiresMay 7 02:28 ET