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Bank of England Stands Ready to Act again but Keeps Rates on Hold for Now

  • Written by James Skinner

 

The Bank of England (BoE) left interest rates and other monetary policy settings unchanged Thursday but took stock of a tightening in financial conditions, which is further imperilling the economic outlook despite an unprecedented policy response to the coronavirus crisis and a double-digit devaluation of the Pound.

Read more: Bank of England Stands Ready to Act again but Keeps Rates on Hold for Now

UK Unemployment Rate Hits 5-year High Ahead of Government's Coronavirus 'Lockdown'

  • Written by James Skinner

The unemployment rate may have risen to its highest level for five years this last week after nearly half a million people were said by the government to have applied for welfare payments in the nine days to Wednesday, underlining the threat posed to the economy by coronavirus containment efforts.

Read more: UK Unemployment Rate Hits 5-year High Ahead of Government's Coronavirus 'Lockdown'

UK Inflation Dips in February but Belies Steep Falls Ahead as Coronavirus Impact Crystalises

  • Written by James Skinner

Inflation ticked lower in February thanks to a fall in energy and food price growth, according to Office of National Statistics data released Wednesday, but it's tipped by economists for steep falls in the months ahead as the coronavirus impact shows up in economic data.

Read more: UK Inflation Dips in February but Belies Steep Falls Ahead as Coronavirus Impact Crystalises

Gold Price Forecast to Hit $1,800 as Virus Policy Response Stokes Debasement Fears 

  • Written by James Skinner

The gold price was trading near to multi-year highs on Thursday but has been forecast to rise another 12% before year-end as the coronavirus response of the Federal Reserve (Fed) and other central banks stokes debasement fears and demand for the “currency of last resort”. 

Read more: Gold Price Forecast to Hit $1,800 as Virus Policy Response Stokes Debasement Fears 

Global Foreign Exchange Market Activity Surges: CLS

  • Written by Gary Howes

CLS Group trade in FX

CLS has reported a surge in activity in global foreign exchange markets in February 2020, a development that appears linked to the increase in market turmoil triggered by the global spread of the coronavirus pandemic.

Read more: Global Foreign Exchange Market Activity Surges: CLS