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Market Spotlight: UK Recession Fears Grow As Real Wages Fall Further

Real Wages Falling The latest economic data out of the UK today has further heightened fears of a recession there. in the three months through August 2022, the unemployment rate was seen ticking back...

Market Spotlight: BOE Steps In To Tame Bond Market Chaos

BOE Emergency Measures AnnouncedThe Bank of England yesterday was forced to take emergency action in the UK bond market, announcing £65 billion in purchases to be completed over the next 13 working...

Investment Bank Outlook 29-09-2022

BNY MellonBOE: Avoiding UK Mortgage MayhemThe Bank of England went to great lengths Wednesday to stress that its intervention in Gilt markets is purely a financial-stability-related operation. The...

Investment Bank Outlook 15-09-2022

BNY MellonMind The UK Consumption GapOn the face of things, the latest UK labour market data likely provides the Bank of England with some relief. Nominal incomes are still growing at a relatively...

Market Spotlight: New UK PM Announcement Due Today

Change In Leader to Be Announced Shortly UK citizens and traders alike are bracing for today’s announcement regarding the Conservative Party leadership contest. The contest, between Rishi Sunak and...

GBP Rallies As UK Inflation Hits 10.1% - BOE Rate Forecasts Jump

UK Inflation Rises AgainThe latest set of UK inflation makes dizzying reading for UK consumers. Headline CPI hit 10.1% in July, marking an increase on the prior month’s 9.4% level and the highest...

BOE Considering Larger August Hike As UK Inflation Hits 9.4%

GBP Rallying On Fresh CPI BeatGBP hasbeen back in demand this week as traders swing their attention back onto BOErate-hike expectations. The latest set of CPI data this week showed that UKinflation is...

GBP Falls As Key UK Cabinet Members Quit & BOE Warns Ove Economic Outlook

Political Instability Rocks PoundThe British Pound is undergoing a sharp shift in sentiment this week. News of major political resignations yesterday have exacerbated the atmosphere of uncertainty and...

Market Spotlight: GBPJPY Breakout Opportunities

GBP Rallying Hard On Hawkish BOE CommentsGBP is on the move north this week amidst hawkish comments from key BOE members. Yesterday, BOE’s Mann said that the BOE’s failure to match the Fed’s...