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The Bank of England recently decided to keep the UK’s main interest rate steady at 3.75%. Even though everyday inflation is still a bit stubborn at 2.8%, the Bank believes that falling global energy costs will naturally cool down prices over the coming months. Because the Bank signalled it may be finished raising rates for now, internati...
This week Sterling has come under pressure against both the Euro and US Dollar, with the Pound giving back some of the gains it had made earlier this month. The main reason for the downturn was Wednesday’s UK inflation figures, which came in at 2.8%, down from the 3% that had been expected. Whilst lower inflation is generally seen as a po...
The Pound saw a muted reaction to this morning’s UK CPI inflation release. Annual inflation remained unchanged at 2.8% in the twelve months to May 2026, matching April’s reading and coming in below expectations for a rise. Lower food prices offset higher transport costs, keeping headline inflation stable.
The data presents a mi...
Last week, the pound was generally firmer against both the euro and the dollar. Sterling gained support from improving market sentiment and expectations that the Bank of England could maintain a relatively firm policy stance, while the euro was influenced by European Central Bank developments and the dollar lost some momentum later in th...
Yesterday we saw the European Central Bank hike interest rates by 25 basis points, which was fully expected and priced into the market already. So much so that the USD continued to rally against the Euro over the day, finishing at its highest level in a month.
Sterling/Euro initially went down as the announcement came, but follo...