Some information from today's Bank of England meeting:
Interest rates are expected to rise 25 points from 5.00% to 5.25%.
Further increases are in play if price pressures persist. Some of the inflation risks could start to crystallise. The BOE also raised inflation expectations for 2024 from 2.25% to 2.5% and for 2025 from 1% to 1.5%.
Further, the BoE still expects the UK to avoid recession despite slowing growth.
Traders see a 68% chance of another 25 point rate hike at the next meeting in September. 32% for no hike.
Great, thanks for the summary, I finally have a glimpse of what's going on in England again😁.
Hmm... so it's not over after all...
Super summary. Markets are bouncing back from yesterday's washout today, but the pound to the crown is rising. It may have an impact though probably the bigger one is the CNB meeting.
Super thanks for the info