The Federal Reserve and the Bank of England are all but certain to deliver jumbo 75-basis point rate hikes on Wednesday and Thursday, respectively, as the battle against sky-high inflation continues. However, with investors now on the lookout for signs that aggressive monetary tightening could start to slow, today’s Eurozone inflation report and Friday’s U.S. jobs […]
GBP: This week, Britain’s Conservative Party, which holds a big majority in parliament, is set to select a new leader who will become prime minister – Britain’s fifth in six years. Former chancellor Rishi Sunak and Penny Mordaunt are both potential successors to take over from Liz Truss, who quit last Thursday after just six weeks. Truss was […]
GBP: Last week’s reports that the British government is preparing to do a major U-turn on planned tax cuts have helped ease fears over public finances. In fact, Kwarteng was dismissed by Truss on Friday as she tried to salvage a premiership that is less than two months old by reinstating a planned increase in corporate […]
As global investors have repeatedly had their hopes dashed by the Federal Reserve for a pivot away from an aggressive rate hike campaign, many market participants will be keenly awaiting the latest U.S. inflation numbers this Thursday for further guidance on upcoming rate hikes. Wednesday’s minutes of the latest Fed meeting should offer some insights […]
A tumultuous year for financial markets is entering the final stretch, with the ongoing Russian-Ukraine war, Britain battling a self-inflicted crisis and markets pouring over U.S. jobs data to determine how much of an impact Fed hike are having on the U.S. economy. GBP: Following some of the most turbulent weeks for the UK and the […]
