Tag: UK inflation

Weekly data: all eyes on American inflation
August 15, 2024 BY Elizabeth Anderson

UK’s Inflation Rises For First Time This Year

The Consumer Price Index (CPI) increased for the first time since December 2023 when the central bank hiked interest rates to a 16-year high to temper inflation. In October 2022, UK inflation crested at 11.1% on the back of the pandemic. In the 12 months leading up to July 2024, the CPI rose by 3.3%,…

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December 28, 2023 BY Elizabeth Anderson

PwC backs UK economy and predicts a healthy 2024

According to recent data, the BoE’s targets are a little pessimistic when compared to their predictions, especially considering inflation fell to its lowest in two years at 3.9% in November 2023. PwC has warned the BoE that “increased inflationary pressures” will persist in either outcome but that a decrease in global energy prices could help…

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December 20, 2023 BY Elizabeth Anderson

UK Inflation drops and analysts predict rate cuts in 2024

British inflation data released on Tuesday, 19 December, also showed a considerable decrease in November inflation, registering its lowest rate in two years. As a result, investors and analysts are predicting a string of further interest rate cuts from the Bank of England (BoE) in H1 of 2024. Investor consensus calculates nearly a 50% chance…

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October 23, 2023 BY Elizabeth Anderson

UK Research and development works amidst government borrowing

Despite this, HM Revenue and Customs data from September of this year presents a promising increase in UK R&D expenditure (Research & Development). After a dip caused by the Covid-19 pandemic, R&D expenditure for 2021-2022 totalled £44.1bn – a hefty and welcomed sum that has worked against interest hikes and ever-increasing inflation rates. Don’t miss…

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September 04, 2023 BY Elizabeth Anderson

Inflation spikes haunt U.K and eurozone in September

In the U.S., however, initial data for the Federal Reserve showed a 3.8% spike in unemployment, with 110,000 fewer jobs created in August in comparison to June and July, despite the U.S. boasting increased job growth and market economy.  Alongside Hunt’s announcement, the inflation rate in the eurozone remained at a steady 5.3% average for…

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Reduced retail sales curbs the pound
April 19, 2023 BY Steffy Bogdanova

GBP/USD Eyeing Higher Prices Ahead of Widely Watched UK CPI Data

GBP/USD Currency Pair Projecting Further Upside Kicking things off with a look at where we are on the weekly scale, buyers appear reluctant to push beyond YTD tops. Still, the weekly chart demonstrates scope to approach as far north as resistance from $1.2767, a long-term horizontal base sharing chart space with a trendline resistance from…

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UK inflation pound sterling
October 13, 2017 BY LeapRate Staff

BoE hawks have a stronger hand before September inflation data

The following article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). Pound traders are torn between two major opposite forces. In one hand, the Brexit shenanigans and the deterioration of the atmosphere among the Tories continues weighing on the sentiment in the pound markets. On…

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Mark Carney tagged as frontrunner for IMF post, but will he favor cryptos?
September 13, 2017 BY LeapRate Staff

Rising inflation to justify hawkish bias at the BoE meeting

The following article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). The Bank of England (BoE) will meet on Thursday and is expected to keep the bank rate unchanged at the historical low level of 0.25%, maintain its sovereign bond purchases target at 435 billion…

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