Buyer’s Regret? Sir Keir Starmer’s Labour party
Just eight weeks after the 4 July General Election, there are signs that the UK may be experiencing “buyer’s regret” over its decision to elect Sir Keir Starmer’s Labour party. An Ipsos opinion poll conducted between August 9 and 12 shows that 52% of people believe the UK is heading in the wrong direction. Additionally, […]
Significant volatility
Currency Exchange Rates Update : Pound sterling; G10. The first half of August has seen significant volatility, with Pound Sterling experiencing sharp fluctuations. Initially, the pound dropped from being the best-performing G10 (top 10 economies in the world) currency this year to the worst in August. It then staged a recovery, hitting a three-week high […]
The Bank of England delivers its first cut
The Bank of England delivers its first cut The BoE (Bank of England) voted to cut interest rates for the first time since March 2020. Five members of the MPC (Monetary Policy Committee) including Governor Andrew Bailey, voted to reduce the Bank Rate by 0.25% while four, including chief economist Huw Pill, voted to hold […]