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.

Zhitong FinanceJun 14 09:08 ET

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.

BNN BloombergJun 14 06:25 ET

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.

Zhitong FinanceJun 14 03:47 ET

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.

MT NewswiresJun 12 08:18 ET

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.

MT NewswiresJun 12 04:52 ET

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.

WSJJun 12 03:24 ET