The British pound is slightly lower on Tuesday. GBP/USD is down 0.21%, trading at 1.2535 in the European session at the time of writing. The UK construction
Gross domestic product shrank by 0.1% in the third quarter and by 0.3% in the fourth quarter, unchanged from preliminary estimates, the Office for National Statistics said on Thursday.
UK shop inflation falls to 2.5% The British pound is drifting on Tuesday. In the European session, GBP/USD is trading at 1.2683, down 0.03%. Shop price, f
(Bloomberg) Bank of England policymaker Megan Greene said she needs more evidence that UK inflation is becoming less entrenched before she can back interest-rate cuts.Most Read from BloombergNvidia Surges After Company Proclaims AI Has Hit 'Tipping Point'Biden Touts $1.2 Billion in Student Loan Relief With Eye to 2024China Tightens Grip on Stocks With Net Sale Ban at Open, CloseYour 401(k) Will Be Gone Within a DecadeWhy Are There Suddenly So Many Car Washes?Speaking on Thursday, Greene said
Bank of England Governor Andrew Bailey said it is not unreasonable for the markets to expect interest rate cuts this year. The BoE does not endorse the market curve, Bailey told lawmakers on the Treasury Select Committee.