Bank of England downsizing “pulls” cash demand from liquid banks to record high for six consecutive weeks

The Bank of England has borrowed Bank of England cash for the sixth week in a row.

Zhitong FinanceMay 30 06:46 ET

How Could the UK Election Influence BoE Policy?

Polls show the Labour party is likely to win the July 4 UK general election.

FXStreetMay 30 05:25 ET

Pound Sterling Rally Stalls as Focus Shifts to US Core PCE Inflation Data

The Pound Sterling (GBP) corrects to 1.2750 against the US Dollar (USD) in Wednesday’s London session after posting a fresh 10-week high at 1.2800 on Tuesday. The rally in the GBP/USD pair stalls as the United Kingdom (UK) inflation outlook softens and the US Dollar (USD) comes out of the woods.

FXStreetMay 29 03:03 ET

UK store inflation “rapidly normalized”, but not enough to persuade Bank of England to cut interest rates

Economists from the British Retail Association believe that the inflation rate of goods and food sold in British stores has fallen back to normal levels, but this is not enough to persuade the Bank of England to cut interest rates next month. Brown Brothers strategist Harriman said that the Bank of England is more concerned about high inflation in the service sector.

FX678 FinanceMay 29 02:32 ET

Pound Nears Multi-Year High Versus Peers as Traders Turn Bullish

The pound is nearing its strongest level in years against two of its major counterparts as traders ratchet up bets that the Bank of England will keep interest rates on hold for longer than peers.

BNN BloombergMay 28 05:31 ET

UK store inflation falls, economic outlook shows signs of improvement

At the beginning of May, UK retailers' price increases fell to their lowest level in more than two years, adding to the signs of improving economic prospects. Meanwhile, as more shoppers choose value, supermarkets are racing to keep prices low, which helps curb grocery inflation.

FX678 FinanceMay 27 23:04 ET