Bank of England (BoE) news

The Bank of England (BoE) is the central bank of the United Kingdom. Its primary objective is to maintain price stability, targeting a 2% inflation rate. The BoE uses interest rate adjustments and quantitative easing to influence the economy and achieve its inflation target. It also plays a key role in ensuring financial stability in the UK.

UK GBP contracts, pound dips
UK GDP contracted in May for a second straight month, coming in below expectations at -0.1%. The weak data has raised expectations for a BoE rate cut in August.
by Kenneth Fisher
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