Tag Archives: rate hike

At 1.3490, the GBP/USD pair is trading near to the highs of Wednesday’s US session. This move signals the pair’s ability to depart a 1.3396 a low to start climbing to a one-week high after data showed UK inflation surged to a 10-year high last month.The pound is significantly firmer …

Following Tuesday’s strong retail sales and industrial production readings, the GBP/USD pair has fallen back from earlier session’s highs in the 1.3470s and is back trading around 1.3430s. Earlier during the European trading session, the pair had surged as much as 0.5%, boosted by a strong labour market report that …

Andrew Bailey has insisted that the Bank of England will raise interest rates if expectations of higher inflation drive up wages.The BoE’s Governor stressed that policymakers would intervene to avoid the prospect of heightened price growth becoming “generalized” across the British economy.He was participating in a virtual question and answer …