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.

GBP/USD: BOE to hike further after hot wage data, US stocks struggle on China and banking concerns

Record UK wage growth keeps the pressure on the BOE to deliver more tightening PBOC rate cut surprise shows officials growing concern with the property crisis Fitch warns US banks could face downgrades Record wage growth will keep the pressure on the BOE to deliver more tightening. The economy still has a tight labor market as companies need to pay their employees more money. The rise in the unemployment rate was due to more people returning to the workforce. Average pay excluding bonuses

15-08-2023 12:31 GMT by Edward Moya

Global Bond Market Selloff Extends after BOE signals more tightening ahead

BOE rate hike odds for the September 21st meeting stand at 87.3% The VIX index trades above 16, to the highest levels in two months FX Volatility starts to pick, Canadian dollar index rises to nine-month high Wall Street is watching a global bond market selloff get uglier as US stocks waver ahead of massive earnings from Apple and Amazon. A lot of economic data confirmed how resilient the US economy remains.

03-08-2023 15:22 GMT by Edward Moya