Markets and analysts alike have brought forward their expectations for interest rate cuts at the Bank of England following a decision by Threadneedle Street to keep rates unchanged on September 21, a development that explains the ongoing weakness in the Pound.

September 22,2023

The UK consumer hasn't been this confident in 20 months according to the latest GfK consumer confidence survey which surprisingly improved by 5 points to read at -21 in September.

September 22,2023

Retail sales data showed volumes are estimated to have risen by 0.4% in August 2023, partially recovering from a fall of 1.1% in a weather-impacted July, but this was still below the analyst forecasts for growth of 0.5%, reinforcing a sense that the UK economy is stalling.

September 22,2023

Some major investment banks are now predicting the fall in UK inflation in August will be enough to convince the Bank of England it can pause its interest rate hiking cycle.

September 20,2023

Can inflation continue to fall, in line with the Bank's own forecasts, and therefore ultimately justify growing expectations that the Bank is about to end the hiking cycle?

September 20,2023

The Bank of England's apparent plan of raising interest rates to 5.50% this week but then calling a halt to the rate hiking cycle is tantamount to a mistake, according to a prominent economist.

September 19,2023