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...BoE governor Andrew Bailey told the FT last week that markets are right to expect more than one rate cut this year and he was increasingly confident inflation was heading towards target....
...UK government bonds led a global rally on Tuesday as Bank of England governor Andrew Bailey told a parliamentary committee that the UK didn’t need inflation to come back to its 2 per cent target before it...
...Gilts rallied following comments from Bank of England governor Andrew Bailey, as he cautioned that the central bank should not keep rates restrictive for too long....
...“We’ve come a long way this year, and successive rate increases have helped bring inflation down from over 10 per cent in January to 4.6 per cent in October,” Bailey said....
...Truss, in a new book, reveals the extent to which her relations with Bailey broke down during her shortlived premiership, when Britain faced a market meltdown in the wake of her “mini” Budget....
...Additional reporting by Mary McDougall...
...“I am looking for more sustained progress on those three things,” Bailey said in a hearing before the Treasury select committee. “We have seen, I think, encouraging signs on them.”...
..., albeit a slower one....
...Mary Perkins jokes that if you were to cut Specsavers’ workers open, “they’ve got green blood”....
...The Bank of England is expected to make its first cut in the summer as governor Andrew Bailey notes “encouraging signs” on inflation....
...The more benign outlook is a marked contrast to the tumultuous conditions that have accompanied Bailey for the bulk of his time as governor: a four-year period that has in his words involved some “heavy-duty...
...Andrew Bailey signalled the UK could avoid further interest rate rises on Wednesday, sending the pound to a three-month low against the dollar as currency traders pared back their bets on higher UK borrowing...
...When Hargreaves Lansdown experienced the first maturity of a gilt that was widely owned on its platform last year, “we saw a significant percentage of clients reinvesting back into other gilts”, said Lee...
...Traders in swaps markets are betting on fewer than three quarter-point rate cuts by the ECB this year after strong US inflation data on Wednesday prompted a sharp repricing in interest rate expectations....
...Andrew Bailey said the BoE’s latest forecasts pointed to a “somewhat stronger growth story” ahead, although he also cautioned that trends in productivity and investment meant there was still a “very constrained...
...The UK economy grew for the second month in a row in February, driven by expansion in manufacturing and raising hopes the UK is emerging from a technical recession....
...Paul Dales, chief UK economist at the consultancy Capital Economics, said the easing in pay growth was “probably still a bit too slow for the Bank of England’s liking”, although there were “signs that a...
...Traders in swaps markets continue to bet on a likely 0.25 percentage-point Bank of England interest rate cut by August and two or three cuts by the end of the year....
...Interest rate sensitive two-year German Bund yields — a benchmark for the eurozone — held steady at 2.98 per cent, up 0.02 percentage points on the day....
...“Previously when we have had a rally of $70 to $80, it is usually accompanied by a new catalyst or risk event,” said Suki Cooper, analyst at Standard Chartered....
...Cuckooland: Where the Rich Own the Truth by Tom Burgis William Collins £18.99, 320 pages Mary Fitzgerald is a program director at the Open Society Foundations Join our online book group on Facebook at...
...Andrew Bailey, BoE governor, warned markets in November that they were underestimating how persistent inflation would prove....
...“But we’re going to need to see data like [inflation] next week that will corroborate the pushback to [a June cut].”...
...Sterling extended early losses against the dollar to trade down 0.4 per cent on the day at $1.273 after the Bank of England held rates at a 16-year high of 5.25 per cent for the fifth consecutive meeting...
...Markets are pricing in two quarter-point rate cuts by the Fed in 2024 from the current 23-year high and only a 50 per cent likelihood of a third, in a dramatic reversal from the start of the year when between...
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