Tag Archives: Andrew Bailey

Pound Sterling slides versus the US dollar after the BoE meeting. This comes after Andrew Bailey’s comments on easing inflationary pressures. BoE Chairman adds that inflationary risks are still skewed to the upside and secondary effects are persistent. The Pound experiences heightened volatility against the dollar following the Bank of …

The Bank of England raised its key interest rate by a quarter of a percentage point to 4.5% on Thursday and Governor Andrew Bailey said the British central bank would “stay the course” as it seeks to curb the fastest inflation of any major economy. The central bank is no …

The British pound drops to around the 1.26 handle ahead of key macroeconomic events for the week.  The Pound Sterling is likely to be impacted by the Bank of England meeting on “Super Thursday”. The US Dollar will look for impetus from the US Consumer Price Index data for April …

Regarding rising interest rates, that appears to be the thinking going through the minds of Bank of England (BoE) policymakers. Despite persistent inflation and salary increases, the “Old Lady” has predicted a downturn. Accordingly, the Bank of England is expected to raise borrowing prices at its forthcoming ‘Super Thursday’ event, …

Headline consumer prices in the eurozone rose somewhat more than expected in April, but underlying costs fell unexpectedly, providing regional rate-setters with a mixed picture of inflation as they prepare to announce their next rate decision this week. Following a renewed rise in energy prices, the currency’s area consumer price …

Bank of England Governor Andrew Bailey earlier said in a speech on Wednesday before the Institute of International Finance in Washington where he is attending International Monetary Fund meetings that he did not believe ´´we face a systemic banking crisis.”The Pound rose towards $1.25 vs. the US dollar, moving closer …

Bank of England’s Andrew Bailey has said that the British central bank has to be very alert to any signs of persistent inflationary pressures.Key QuotesIf they become evident, further monetary tightening would be required. MPC´s response will be firmly anchored in the emerging evidence. Evidence has pointed to more resilient …

The US dollar has been higher with gains ahead of Wall Street’s opening, advancing at the end of the trading day as US indexes plunged ahead of the close though Dow surged earlier on robust earnings including Disney and PepsiCo.The dollar benefited from higher government bond yields but also from …

Bank of England (BoE) Governor Andrew Bailey is delivering his remarks on the policy outlook and responding to questions from the press following the bank’s decision to hike the policy rate by 50 basis points to 4% in February. “Change in language reflects a turning in the corner but very …

Britain’s economy grew in November on an annual basis by 0.2%, compared to an expected growth of 0.3%. On a monthly basis, real GDP grew by 0.1% in November 2022, after it recorded a growth of 0.5% in October 2022. The services sector grew by 0.2% in November 2022, after …