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UK Inflation Exceeds Expectations Ahead of BOE Decision

UK Inflation Exceeds Expectations Ahead of BOE Decision

UK's CPI came in at 8.7% YoY, exceeding expectations and increasing pressure on the BOE ahead of its rate decision. Core rose to a 30-year high, with analysts questioning whether more hikes could lead to a mortgage crisis.

UK Inflation Surge Adds Pressure on BOE

UK Inflation Surge Adds Pressure on BOE

The BOE is set to meet on Thursday and is expected to hike by 25 bps as it aims to respond to the banking crisis with targeted measures. Meanwhile, CPI surged to a 40-year high, adding more pressure to the MPC.

Pound Rebounds on Policy Change

Pound Rebounds on Policy Change

After a shift in the UK's economic policy and the appointment of a new Exchequer Chancellor in the UK, the British pound climbed against the US dollar and the Euro yesterday.

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