UK business confidence rallied by 9 points to 50% in July, reversing June’s drop and matching May’s eight-year high, according to the Lloyds Bank Business Barometer.
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It might soon become apparent that the fiscal rules will be changed to allow for increased borrowing.
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A strong GDP reading for the second quarter won't derail a September interest rate cut say analysts.
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The Bank of England will find next week too soon to cut interest rates says an independent economic research house, although there is no shortage of economists who think the Bank will pull the leve…
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"This looks like a serious problem."
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The European Central Bank (ECB) just delivered its July policy update, keeping interest rates unchanged, as expected. The guidance is consistent with the next rate cut falling in September.
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There remains a chance the Bank of England raises interest rates on August 01, but the final wage and labour market report ahead of the decision was no smoking gun, making it a fine call.
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