Why have interest rates stayed the same and what could happen next? The Bank of England has kept rates unchanged for the sixth time in a row. Evening Standard · Sep 17
Dollar Weakens with Crude Oil Prices and T-Note Yields The dollar index (DXY00 ) fell from a new 1.5-month high today and is down by -0.20%. The dollar is under pressure today after WTI crude oil prices fell more than -2%, easing inflation expectations and a dovish factor for Fed policy. Lower T-note yields today are also weighing on... Barchart · Sep 17
Stocks Rally as Crude Prices and Bond Yields Fall The S&P 500 Index ($SPX ) (SPY ) is up by +0.91% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.45%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.31%. E-mini S&P futures (ESU26 ) are up +0.91%, and September E-mini Nasdaq... Barchart · Sep 17
Bank of England sounds inflation alarm as it holds interest rates The Bank of England has decided to hold interest rates steady at 3.75 percent and is currently halting gilt sales. With inflation risks escalating, there are concerns prices may exceed four percent next year. Governor Andrew Bailey indicated that ongoing conflict might require a shift towards tighter monetary measures. Interestingly,… The Economic Times · Sep 17
British Inflation Is Running Above Its Target. The Bank Of England Decided To Leave Rates Unchanged. Over three quarters of analysts expected the central bank to make that decision. International Business Times · Sep 17
Homebuyer caution expected this autumn despite base rate hold Fixed mortgage rate hikes and a high choice of homes for sale are contributing to a ‘price sensitive’ housing market. Evening Standard · Sep 17
Burnham’s talk of ‘breathing space’ at odds with reality of future Bank rate rises PM’s push to cut cost of living threatened by rising inflation and government borrowing costs as geopolitics hit home The Guardian - UK · Sep 17
Bank of England holds rates at 3.75% in 6-3 split vote as inflation hits five-month high The Bank of England has kept its main interest rate at 3.75%, but three of its nine policymakers voted to raise it, exposing a divided committee as the energy shock from the Iran war pushes inflation to a five-month high of 3.1%. Euronews · Sep 17
Interest rates held at 3.75% but Bank warns Iran war could mean future hike The decision to hold interest rates at 3.75% marks the sixth time in a row that the MPC has not changed borrowing costs. Evening Standard · Sep 17
UK interest rates held by Bank of England – what it means for you IN FULL The Independent UK · Sep 17
Bank of England warns interest rate rise ‘likely’ if Trump’s war in Iran continues The Bank of England has held UK interest rates despite inflation hike The Independent UK · Sep 17
Bank of England holds interest rates at 3.75% but warns war could force future rises Central bank announces surprise plan to sell billions of pounds in government bonds back to the Treasury The Guardian - UK · Sep 17
U.S. Stock Futures Rally as Bond Yields Fall on Fed’s Inflation Resolve September S&P 500 E-Mini futures (ESU26) are up +0.90%, and September Nasdaq 100 E-Mini futures (NQU26) are up +1.09% this morning as Fed Chairman Kevin Warsh’s resolve to combat inflation reassured markets, driving bond yields lower and boosting sentiment. Barchart · Sep 17
Global Market: European shares advance as investors await Bank of England decision European shares rose on Thursday as falling crude oil prices and stabilising bond markets improved investor sentiment following the U.S. Federal Reserve’s rate hike. The STOXX 600 and DAX gained 0.5%, led by travel and technology stocks. Energy shares declined, while investors awaited the Bank of England’s interest-rate decision. The Economic Times · Sep 17
The Independent UK · Sep 17 What we know about today’s Bank of England interest rate decision IN FULL
The Economic Times · Sep 17 Global Market: Bank of England seen holding rates as UK inflation climbs The Bank of England is expected to hold its 3.75% benchmark rate for a sixth meeting despite UK inflation rising to 3.1% in August. Higher fuel and energy costs linked to the Iran conflict are intensifying price pressures. Policymakers will monitor wages and domestic inflation, while markets anticipate possible rate…
The Guardian - UK · Sep 17 Khan addresses Polanski in Urdu at London assembly, mocking Green leader’s byelection video – as it happened It comes after the Green leader, who is standing as a candidate in the Holborn and St Pancras byelection, recorded a campaign video in Urdu
The Guardian - UK · Sep 17 UK government borrowing costs fall as Bank of England outlines new bond-selling plan – as it happened BoE lays out proposal to sell UK bonds back to the government, and wind up the asset purchase scheme launched after the GFC
The Independent UK · Sep 17 Bank of England expected to keep interest rates unchanged despite rising inflation The Bank of England is expected to keep interest rates unchanged, despite rising inflation in the UK
The Economic Times · Sep 17 Hawkish Fed lifts dollar to 7-week high as focus turn to BOJ In a remarkable shift, the dollar has climbed to its highest point in seven weeks after the Federal Reserve's decision to elevate interest rates and hint at more hikes. Investors are now keenly watching the forthcoming decisions from the Bank of England and the Bank of Japan. The surge in…
The Economic Times · Sep 17 Gold ticks up from near six-week low as investors weigh Fed outlook On Thursday, gold prices slightly increased after previously touching a six-week low, responding to the U.S. Federal Reserve’s hike in interest rates and hints of more tightening to come. This strategy targets inflation fears that policymakers are increasingly alert to. In a related note, the Bank of England is projected…
The Independent UK · Sep 16 Andy Burnham and Mark Carney unite for poignant Everton match A tribute was shown to Mr Burnham’s father Roy, who died this week
Evening Standard · Sep 16 Andy Burnham joined by Canadian Prime Minister Mark Carney at Everton match The Blues supporters both lost their fathers after being diagnosed with Alzheimer’s.
Evening Standard · Sep 16 Stocks rally as oil price fall provides relief The oil price fall provided some ‘much-needed relief’ to the market following an intense period that fired up inflation worries.
Evening Standard · Sep 16 Trade union boss among Chancellor’s appointments to Bank of England board Paul Nowak, general secretary of the Trades Union Congress (TUC), will take on a non-executive director position on a four-year term.