Tag Archives: UK economy

Risk aversion continues to weigh on the GBP/USD pair. The pair fell to around 1.1897, the lowest level since March 2020. It remains under pressure around 1.1900. the pair seems unable to find support as markets generally fall.Fears about global recession and a worsening growth outlook in the United Kingdom …

The Bank of England announced on Thursday a new increase in the interest rate. It raised the key rate by 25 basis points to 1.25%, with three members voting for a 50 bps hike. Analysts from Rabobank expect one more 25 bps hike in August, before the Monetary Policy Committee …

The American dollar kept advancing on Tuesday, and retains its strength early Wednesday, as fear rules financial markets ahead of the US Federal Reserve policy decision.Market players had long ago anticipated a 50 bps hike, but on Monday, market talks suggested the central bank may go for a steeper hike …

Business confidence fell to its lowest level in more than year last month amid growing fears that inflation poses a long-term threat to company sales.Confidence among companies is now at levels last seen in April 2021, when coronavirus restrictions were beginning to relax. It is worth noting that the sentiment …

The GBP/USD pair has suffered heavy losses at the beginning of the week. The pair closes in on 1.2200 after disappointing UK data. The US dollar is likely to preserve its strength amid hawkish Fed bets, risk aversion.The GBP/USD pair has extended its slide in the early European session on …

Americans are asking “Are we in a recession?” or “When are we going into recession?” Opponents of the current administration suggest that should US President Joe Biden continue to pursue his climate, fossil-free agenda, American economy could fall into a permanent recession. It could partly be replaced by nuclear power, …

The US dollar remained weak on Tuesday. The EUR/USD pair rallied beyond 1.0700 as more ECB officials vowed for a 50 bps rate hike. The GBP/USD pair, however, fell following softer-than-anticipated local data to end the day in the 1.2520 price zone.Economic Data S&P Global released the preliminary estimates of …

The GBP/USD pair has rebounded gradually from a low of 1.2475 amid relatively positive market sentiment. Earlier on the day, the pair experienced a steep fall on Tuesday after failing to overstep the round level resistance of 1.2600. The asset was offered on Tuesday amid poor S&P Global Purchase Managers …

The governor of the Bank of England has hit back at critics who accused him of being asleep at the wheel while inflation soared and a cost of living crisis hit UK living standards.Andrew Bailey defends response to Covid pandemic and indicates that the British central bank will not take …

The United Kingdom has been long supporting the case to modify the Northern Ireland Protocol amid the barriers it creates in Northern Ireland. Another issue comes from delay and prices rises amid checks requirements.However, the Union has refused to reopen the treaty and has threatened to use “all the measures …