UK Economy

The market is expecting a 25 bps hike by the BOE tomorrow and has already priced it in. That means it's unlikely that the rate hike itself will cause a major shake-up to sterling pairs. However, the commentary around it, and in…
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Chancellor Sunak will be making a speech in the Commons, presenting what is colloquially called the 'spring statement'. It's a sort of "mini-budget", addressing spending concerns at the fiscal half-year mark. The spring statement has…
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Over the weekend, we had the somewhat shocking news that the chief Brexit for the UK, Lord David Frost, had tendered his resignation, effective immediately. Naturally, that set off alarm bells that something might be wrong with the UK-EU…
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There are two big events for the pound scheduled this week. The first is tomorrow's release of employment data, which will likely be the key deciding factor for the second event: the BOE's interest rate decision on Thursday. There is…
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We're heading into the final round of central bank meetings before the holidays. On top of that, covid cases across Europe and the northern parts of North America continue to rise. With winter setting in, normally this is a time for…
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Tomorrow we have an avalanche of data from the UK just before the market opening. Several bits are key for economic projections and whether or not the BOE will finally go through with its rate hike. Here's a reminder of what the BOE has…
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Analysts largely expect the BOE to be one of the first of the major central banks to raise rates. That said, there is a considerable debate among them about whether it will be at this meeting or at the next. The decision comes fast on…
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