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The European Central Bank raised its deposit rate to 2.5% to combat war-driven inflation, with Brent crude exceeding $100 per barrel. The move intensifies pressure on the Bank of England to raise rat…
The Bank of England's dovish 5-4 vote kept rates at 3.75% but heightened expectations of near-term rate cuts. GBPUSD dropped to a near two-week low while UK gilt yields fell sharply amid lower inflat…
UK inflation surged unexpectedly, raising concerns over BoE rate cuts. Cautious market sentiment persists amid US tariff threats and upcoming Fed policy decision with expected steady rates.
GBPUSD rose to session highs after the UK’s Office for Budget Responsibility released upbeat economic forecasts, boosting sterling and government bond prices ahead of the British budget announcement.
UK budget reveals higher fiscal headroom and extended tax freezes, boosting GBPUSD temporarily amid lower gilt yields and modest economic growth forecasts.
The OBR forecast shows a more optimistic fiscal outlook for the UK, increasing fiscal headroom and predicting falling borrowing, supporting GBPUSD recovery to 1.3160 amid steady gilt yields.
UK 10-year gilt yields surge over 10bps to 4.54%, pressuring GBP and driving GBPUSD down 0.5% amid political uncertainty and tax policy shifts.
GBPUSD weakened amid UK budget uncertainty as Chancellor Reeves drops major income tax hikes, opting for smaller fiscal measures and threshold adjustments. Market bets on BoE rate cuts fall, while ri…
GBPUSD dipped below $1.35 after weaker-than-expected S&P Global PMI and a surge in public borrowing, stoking fiscal worries ahead of the Autumn Budget while the BOE held rates and pushed cuts out to …
Sterling fell and gilt yields rose after the BoE held rates and slowed gilt sales, but the move was mainly driven by stronger US jobs data that boosted the dollar and pushed global yields higher.
Sterling and the euro edged up as investors digested a global bond-yield surge and weak eurozone services, with markets eyeing Bank of England testimony and upcoming U.S. payrolls for rate direction.
Sterling and the yen fell as investor concern over rising global government debt and Japan political uncertainty lifted the dollar; euro edged lower. Markets now eye U.S. jobs data and elevated long-…
The British pound slid below $1.34 as 30-year gilt yields hit 1998 highs amid fiscal concerns before the Autumn Budget; expected tax rises and BoE scrutiny are increasing downside pressure on sterlin…