uk inflation

Stubborn UK Inflation Keeps BoE Split, but December Rate Cut Still in Play

UK inflation has peaked, but the latest data is a tad hawkish for the Bank of England. Food inflation was strong, which is red meat for the hawks. Services inflation rose, once volatile items are stripped out. However, we still expect the Bank to cut rates in December

UK Inflation Holds at 3.8% as Bank of England Weighs Future Rate Cuts

Inflation is more or less at a peak, though it's likely to stay in the 3.5-4% area for the rest of this year. Rising food inflation is a particular bugbear of the Bank of England. Yet we aren't in the camp that thinks rate cuts are over, given the prospect of further progress in services inflation and wage growth

Bank of England: November Rate Cut Likely Despite Inflation Risks and Fiscal Uncertainty

Unlike financial markets, we still think the odds are tilted slightly in favour of another Bank of England rate cut in November. Nothing is guaranteed, though, and these are the key data points that will decide the fate of the Bank's easing cycle later this year

North American Market Wrap – August 19, 2025: Geopolitics Drive Dollar Strength

Log in to today's North American session Market wrap for August 19

After the consecutive days of White House invitations of key leaders, Markets start to price in a much higher chance of at least a truce which could be evolving to a longer-standing peace in Eastern Europe.

UK Inflation Shows Mixed Signals; November BoE Rate Cut Still Possible

UK inflation was higher than expected in July, but given it was driven primarily by airfares, the Bank of England won’t be too concerned. A November rate cut hangs in the balance, though it remains our base case

Global Markets Await Jackson Hole: Bonds Slide, Currencies Diverge, Central Banks in Focus

ile stocks continue to hit new highs, the worldwide sell-off in long-term government bonds is gathering pace. Rates actually rose more in nearly every G10 country than they did in the US last week, which certainly contributed to dollar weakness.

GBP Steady as BoE Eyes Gradual Cuts Amid Resilient Inflation and UK Growth

The pound has outperformed alongside other European currencies this month benefitting from the significant improvement in investor sentiment towards the region. It has helped to lift cable back up towards the 1.3000-level for the first time since last year’s US election. In contrast, the pound has weakened modestly against the euro lifting EUR/GBP back above the 0.8400-level for the second time this year.

GBPCHF Outlook. Strong Carry Appeal Amidst Risk-Driven Shifts and Trade Uncertainty

• Following the January dip, the GBPCHF has been testing the upper bound of its trading range over the last six months. We expect the currency pair to stay largely range bound in the coming months.