Sterling spikes after ‘tectonic shift’ in BoE monetary policy
The pound bounced back from its post-election lows after it emerged this afternoon the central bank’s monetary policy committee were not unanimous on discounting a rate rise.
Boe
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Shafik to swap BoE for LSE
Deputy governor for markets and banking at the Bank of England, Minouche Shafik, is to leave the bank two years into a five year term for a position as head of the London School of Economics.
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Carney reassures markets as banks tumble
As banking stocks plummeted on Friday morning, Bank of England governor, Mark Carney sought to remind the market that they are in good health and reassure investors the BoE stands ready to do whatever is needed.
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Manufacturing weakness adds to BoE woes
Growth in UK manufacturing output stalled for the first time in two years the latest Industrial Trends survey from the Confederation of British Industry showed.
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PA ANALYSIS: Brazil, China weigh heavily on next week’s Fed decision
S&P’s surprise downgrade of Brazil’s credit rating yesterday has added another layer of complexity to the decision facing the members of the Federal Open Market Committee next week.
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For a view on rates look to the forward market
According to UBSs Joshua McCallum, currently the forward curve is pricing in too slow a move by the Bank of England.
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UK jobs numbers ups rates ante for BoE
According to the Office for National Statistics, the unemployment rate for the period between February to April 2014 improved to 6.6%.
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Spare capacity means no rush to raise rates
According to the Bank of England, when it does start raising rates they will do so only gradually.
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Wage moves up chances of pre-Christmas rate hike
According to Royal London Asset Managements Ian Kernohan, while economic activity has improved, output is only just about to surpass its pre-crisis peak
