Sterling Could Fall if BOE Can t Meet Rate Rise Bets 0941 GMT - Sterling could fall modestly as the Bank of England s policy statement Thursday may struggle to meet market expectations for a further 125-150 basis points of interest rate rises, MUFG.
Bank of England Set for 25Bp Rate Hike, But Economic Data Warrants Higher 1028 GMT - Recent U.K. inflation and labor market data indicate persistent inflationary pressures, warranting a 50 basis-point interest rate increase from the Bank of England.
The FTSE 100 Index closed Monday down 0.7% to 7588 points amid profit-taking and an absence of volumes due to the U.S. holiday. AstraZeneca closed down 1.2%, dragging the index, on reports that it. | June 19, 2023