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...Mary Perkins jokes that if you were to cut Specsavers’ workers open, “they’ve got green blood”....
...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....
...In the three months to February, the economy grew 0.2 per cent compared with the previous three months, marking the first expansion since August 2023....
...The MPC has since left rates unchanged since August last year, although its nine members were split three ways when they last met in February....
...Traders are no longer fully pricing in the first UK interest rate cut by August and now expect borrowing costs to begin to fall in either that month or September....
...I Seek a Kind Person: My Father, Seven Children and the Adverts That Helped Them Escape the Holocaust by Julian Borger John Murray £20, 304 pages Mary Fulbrook is professor of German history at University...
...Here, she loses even a willing reader’s trust....
...Sterling climbed to $1.2744, its highest level since August, while the euro reached a two-week high of $1.0988, up 1.1 per cent on the day....
...Interest rate-sensitive 2-year gilt yields rose 0.16 percentage points to 4.3 per cent, the biggest daily rise since August....
...Traders in swaps markets are betting that the Bank of England will start lowering interest rates in June or August next year with three 0.25 percentage point cuts priced for 2024....
...UK borrowing costs surged last year with 10-year gilt yields peaking at 4.75 per cent in August as investors bet the UK would have to keep interest rates higher for longer to tackle a stubborn inflation...
...Pill said that current market pricing for the BoE’s first rate cut in August 2024 “doesn’t seem totally unreasonable” but added that “if we have the restrictive policy for too long, then the danger is ....
...Swaps markets continue to price in the first BoE cut for August or September next year....
...Investors have pinned the accelerating rise in long-dated bond yields to an announcement by the US Treasury department in August....
...Inès Cross The Standard, London, until 22 June SEE Mary Lovelace O’Neal at Marianne Boesky After a 60-year career, Mary Lovelace O’Neal shows no signs of slowing down....
...In August, the Treasury had increased its 10-year auctions by $3bn and its 30-year auctions by $2bn....
...government debt led a global bond market sell-off on Wednesday, with yields on 10-year gilts surging 0.15 percentage points to 4.66 per cent, its biggest daily move since July and the highest level since August...
...For example, the index-linked gilt which matures in August 2028 has a yield of 0.45 per cent, meaning returns will be 0.45 per cent above the retail price index — which was 6.1 per cent for the year to October...
...Swaps markets are now pricing two or three 0.25 percentage point interest rate cuts from the BoE next year from a current level of 5.25 per cent, with the first cut fully priced for August next year....
...Sterling fell on Wednesday after official figures showed that UK inflation was weaker than expected in August, ahead of the Bank of England’s interest rate decision on Thursday....
...Ahead of August’s inflation figures, swaps markets placed an 80 per cent probability of a 0.25 percentage point rate rise to 5.5 per cent....
...Prices were trading at about €50 per megawatt hour on Monday, still far below a peak of more than €300/MWh hit in August 2022....
...problem for bond yields,” said Quentin Fitzsimmons, a senior portfolio manager at US asset manager T Rowe Price, referring to the planned increase in bond supply that the Treasury department announced in August...
...The average UK house price increased by an annual rate of 0.2 per cent in August, down from 0.7 per cent in July and well below its peak of 13.8 per cent in July last year....
...Professor Paola Subacchi Chair, Advisory Board, Queen Mary Global Policy Institute, Queen Mary University, London E1, UK...
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