Is the Old Lady of Threadneedle Street ready to fight the markets?
Despite past hints of imminent easing from the Bank of England (BoE), money markets have effectively ruled out an interest rate cut today.
Perhaps it is time for the BoE to establish a stronger reputation akin to that of the Federal Reserve, where investors often adhere to the adage of "Don't fight the Fed."
'So, not pulled out of the hat again?'
My latest cartoon for tomorrow's @Telegraph
Buy a print of my cartoons at https://t.co/ILFJjPmckx
Original artwork from https://t.co/bVPAkgE34y
My latest @FTAdviser CPD is a look at the condition of the UK economy and what might be next for clients and investors...with comments from @DrGerardLyons, @AzadZangana and others..https://t.co/oJjQrKLtFT
@ChrisGiles_ Interesting idea, but when the financial system is both awash with liquidity, and facing lower demand for credit (in response to higher rates and falling confidence), why would banks compete to gain market share of deposits they don't need?
How have the world #economy and #markets changed since Covid? What are the five mega-trends that investors need to understand? We present "Regime shift: investing into the new era". Please see: https://t.co/9Vz8wqsS8C
Poor reporting from @FT@fteconomics. The survey says 33% of households paying rent or mortgages. Majority of households have already repaid their mortgage.
"About 30% of UK households struggling to pay for home in wake of mini Budget" https://t.co/SOdvTQDdMU via @financialtimes
We have seen a lot of change in the UK in recent weeks, and in today's mini-budget, the new chancellor set out an ambitious "Growth Plan", supported by the biggest tax cuts since 1972. It's a huge gamble, but will it pay off? Read more here:
https://t.co/Q27UUp1GmD
@Peston@TheIFS Rising interest rates will probably be a bigger factor in stopping people being able to move as not only mortgage costs are rising, but rents too.