The UK economy shrank notably during August in an outcome that leaves GDP on course for a quarterly fall that would come sooner than many forecasters had anticipated and which could challenge the credibility of market-implied expectations for the Bank of England (BoE) Bank Rate.
October 13,2022
The Bank of England's (BoE) plan to curtail its emergency intervention in the government bond market at the end of this week could deepen a pending recession and impair the credibility of UK institutions if it comes too soon for the pension fund sector to handle, according to Oxford Economics.
October 13,2022
The UK economy contracted at its fastest pace since April in a poorer-than-expected August performance that took economists by surprise and which indicates that growth will likely be negative for the third quarter overall.
October 12,2022
Strong labour and wage data out of the UK suggests the Bank of England has little choice but to continue raising interest rates in order to stem demand and ultimately lower inflation.
October 11,2022
The cost of the government's headline Energy Price Guarantee could become costless should wholesale gas prices keep falling, shows a new analysis from a well-known high-street bank.
October 7,2022
The Federal Reserve (Fed) has an expanded array of tools with which it could fix fractures in the financial system should its interest rate policy lead things to break and the mere existence of some of those tools has likely already acted as a stabilising force, according to Governor Christopher Waller.
October 7,2022
The Organization for Oil Exporting Countries (OPEC) and allies such as Russia agreed this week to cut production of oil by an amount equivalent to two percent of global supply in a cartel decision that means more inflation and comes as further grim news for an already-dark UK economic outlook.
October 6,2022
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