No Data
BoE Set to Leave Interest Rates Unchanged Could Deliver Cautious Message on Inflation
The Bank of England is expected to keep its policy rate unchanged.
With the upcoming election and high inflation in services, the Bank of England may delay its interest rate cut.
Zhixin Finance learned from the APP that the Bank of England will make a monetary policy decision on Thursday. Three weeks ago, British Prime Minister Rishi Sunak's move to call for a general election almost ruled out the possibility of central bank decision-makers announcing interest rate cuts this time. At this interest rate meeting, the Bank of England may acknowledge the decisions they have made. The UK inflation data released on Wednesday only further demonstrated the possibility of continuing to observe the direction of price pressure in the next few weeks. Although UK inflation in May slowed for the first time in nearly three years to the Bank of England's target of 2%, services inflation is still almost three times that level. Investors and analysts expect that the UK's analyst
UK Inflation in Line With Expectations but Services Still Too Hot – ING
The latest UK services inflation numbers are a bit disappointing for the Bank of England (BoE), and the latest figure is 0.4ppt above what it had forecast back in the May monetary policy report, ING’ FX Strategist Francesco Pesole suggests.
British pound makes a strong comeback: 3 major market signals hidden behind inflation data and the next move of the Bank of England.
Amidst the complex background of global economy, every fluctuation in the UK's inflation data has become the focus of the market's attention. The latest inflation report not only provides investors with a window into the UK's economic conditions, but also adds new uncertainty to the future trend of the British pound.
U.K. Inflation Data Could Boost Case For August Rate Cut But Future Outlook Unclear -- Market Talk
0859 GMT - U.K. annual headline inflation for May decelerated to 2%, a move that could solidify the case for an interest-rate cut by the Bank of England in August, XTB research director Kathleen Brook
Bets of an August BOE Rate Cut Dashed by High Services Inflation
Traders pared bets that the Bank of England will ease monetary policy in the coming months after data showed services sector inflation remained higher than expected in May.