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Nach den Devisenpaaren EUR/USD und USD/JPY ist der Cable (GBP/USD) das umsatzstärkste Devisenpaar der Welt. Kennzeichnend für Großbritannien und die USA ist ein starker Bankensektor und eine rückläufige industrielle Produktion. Aufgrund dieser Tatsache weisen beide Länder ein permanent negatives Handelsbilanzsaldo aus.
The Bank of England looks ready to raise interest rates by a quarter point to 4%, its first hike in more than three years. Ana Andrade of Bloomberg Economics has a preview of the decision. (Source: Bloomberg)...
Rolling coverage of the latest economic and financial newsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Predicting a central bank's actions can be risky, but there will certainly be surprise in the City of London today if the Bank of England doesn't raise interest rates at midday.The BoE is primarily responding to higher energy prices, but macro data have also turned more hawkish.Growth has been resilient, the labour market has stabilized, and core inflation has edged higher. However, the economy does not look overheated, and pass-through from higher energy prices into core inflation has been modest overall.We expect an 8-1 vote in favour of the move, with only Alan Taylor dissenting. Although several rate setters will vote for the hike reluctantly, developments in the real economy justify it. Strong economic growth and a tentative stabilisation of the labour market suggest that an interest rate hike will restrain economic activity only modest...
A new inflation measure developed by the Bank of England shows little sign yet that UK price pressures are building, offering some comfort to rate-setters at the central bank at their meeting this week....
Millions of households are already facing financial pressure from higher mortgage rates, energy bills and car fuel costs. Now, it looks like higher interest rates are coming....