After Monday’s uncertainty, markets remain volatile early Tuesday with investors being cautious ahead of this week’s key central bank meetings.
Tag: interest rates
The pound fell as the Bank of England (BoE) Governor Andrew Bailey stressed that the interest rate hiking cycle was now close to an end.
The pound is vulnerable amidst elevated recession fears ahead of the Bank of England’s (BoE) next policy move on Thursday.
The South African Rand weakened early on Wednesday, as analysts expect that the Federal Reserve policy meeting later in the day could weaken it further.
In the City, investors and economists are now wondering whether the Bank of England (BoE) will become less aggressive.
Pound Sterling has been grappling with significant challenges ahead of the upcoming UK inflation data.
The positive market mood and increasing wage pressures have boosted the pound on Tuesday. This has increased expectations for further large rate hikes by the Bank of England (BoE).
The lira’s recent poor performance, which is one of its worst periods in many years, is hindering the improvement of Turkish inflation.
Sterling has recovered on news that the Bank of England (BoE) may hike interest rates further. The cheerful market mood has helped to support the British currency.
On Thursday, the UK central bank will announce its interest rate decision and is expected to deliver another 25 bps rate hike, raising rates to 4.75%.