The U.K. pound hit a fresh 15-month high on Tuesday after jobs data suggested the Bank of England may need to raise interest rates further to damp inflation.
A key bond yield moved near a 15-year high on Tuesday after jobs data suggested the Bank of England may need to raise interest rates further to damp inflation.
Bank... A key bond yield moved near a 15-year high on Tuesday after jobs data suggested the Bank of England may need to raise interest rates further to damp inflation. Bank of England Governor Andrew Bailey said in a speech on Monday that the resilience of Britain’s economy had increased wage and demand pressures, contributing to “sticky” high inflation.
“The latest U.K. wage data is a blow for the Bank of England in its battle against high inflation,” said James Smith, developed market economist at ING. Smith did note progress, however, as the number of people inactive continued to fall.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deflecting Blame — Bank of England Governor Bailey Accuses UK Retailers of Overcharging Customers – Economics Bitcoin NewsAndrew Bailey, the governor of the Bank of England, firmly asserts that it is the retailers who are guilty of overpricing goods and services. Inflation Economics
Read more »
Bank of England Head Slams BitcoinBank of England Governor Andrew Bailey labelled Bitcoin and similar cryptocurrencies as 'extremely speculative assets,' while also disparaging the reliability of stablecoins in a speech at the Mansion House in London
Read more »
Trump and DeSantis begin eyeing Super Tuesday states as they prepare for 2024 long gameAs the Republican presidential primary intensifies this summer, most White House hopefuls are devoting their time to events in Iowa and New Hampshire, the states that kick off the nomination process early next year. Not Ron DeSantis or Donald Trump.
Read more »
Trump and DeSantis begin eyeing Super Tuesday states as they prepare for 2024 long gameAs the Republican presidential primary intensifies this summer, most White House hopefuls are devoting their time to events in Iowa and New Hampshire, the states that kick off the nomination process early next year. Not Ron DeSantis or Donald Trump.
Read more »
Ruling expected Tuesday in runner Caster Semenya’s human rights appeal against sex eligibility rulesThe testosterone limits have effectively put a stop to Semenya’s career by barring her from running in her favored 800 meters event since 2019.
Read more »