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...Ofwat is in the process of weighing its decision, with a draft ruling expected in June when the company is expected to renew efforts to draw in billions of pounds of equity from new and existing shareholders...
...But another Brussels-based senior diplomat said that other delegations understood the UK’s complex political situation in 2024, and that there was still time to arrange the summit before the end of June....
...Shares in the bank have halved since Winters started in June 2015....
...One option being discussed by Tory MPs is that Sunak could staunch the wound and call a June general election, before party infighting gets even worse....
...They suspect that by promising Rwanda flights in July, Sunak might either call an election in June — vowing to start the removals if he won — or could make them part of a July poll strategy....
...Recent commentary from BoE governor Andrew Bailey and deputy governor Dave Ramsden has kept alive hopes of a June rate cut....
...George Parker here, standing in for Stephen, with news of what home secretary James Cleverly called a “landmark moment” overnight. Yes, the government’s Safety of Rwanda bill is about to become law....
...The consumer price index rose 4 per cent in the year to March 31, its lowest annual level since June 2021, the Stats NZ agency said. Prices rose 0.6 per cent quarter on quarter....
...Years later, she discovers a scrapbook compiled by June that reveals the secrets of the family farm....
...The implied probability of a first cut by June has risen to about 80 per cent, from 50 per cent at the start of the week. Pricing is similar for the Fed, with cuts forecast to begin in June or July....
...Rob Wood, economist at the consultancy Pantheon Macroeconomics, predicted that the BoE would start cutting interest rates from their 16-year high of 5.25 per cent from June....
...The European Central Bank kept rates at an all-time high on Thursday while signalling it was considering a cut at its next meeting in June....
...On Thursday, the European Central Bank signalled it was still on course to deliver interest rate cuts in June....
...“There was an opportunity at this meeting for the Fed to push back [against a June cut] and they didn’t.”...
...George Steer...
...February’s rate of 3.2 per cent — economists’ had forecast a reading of 3.1 per cent — led to a sell-off in US government debt and a small reduction in bets on a June interest rate cut....
...Traders price the probability of a quarter-point cut by June at about 60 per cent, roughly the same as before the data release....
...Ofwat doesn’t have to make a draft ruling until June. It won’t make a final ruling till the end of this year or beginning of next year....
...losses on the Tories in local elections on May 2, which could prompt more party infighting and plotting, some MPs believe Sunak will be weakened and may feel he has no choice but to call a national vote in June...
...The figure was the highest reading since June and well above the 50 mark that indicates a majority of businesses reporting rising activity....
...December’s US consumer price inflation data that is out on Thursday “may be market-moving” as investors attempt to determine whether the first rate cut falls in March, May or June, said analysts at JPMorgan...
...Additional reporting by George Steer in New York...
...George Steer Is the UK rebounding after slipping into recession?...
...Markets are now pricing in around three quarter-point interest rate cuts by the Bank of England this year, with a 65 per cent probability of the first cut being delivered by June....
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