Energy scenarios shape BoE outlook – ING

Energy scenarios shape BoE outlook – ING

ING’s James Smith outlines scenarios for UK inflation, with current energy prices implying a brief 4% peak in autumn and ING’s base case of easing disruption pointing to a 3.5% peak in September. He notes inflation should fall near term, with Ofgem’s July cap change key, and sees 2025 as the better guide to economic […]

War-driven inflation outlook reshapes rate path – Nomura

War-driven inflation outlook reshapes rate path – Nomura

Nomura’s Global Markets Research team notes UK CPI inflation held at 3.0% year-on-year in February, matching Bank of England (BoE) forecasts. Services inflation stayed sticky, but core measures eased slightly. With the Iran war pushing up energy and fuel costs, Nomura now expects the Bank of England to keep rates on hold throughout its forecast […]

Pound Sterling struggles vs USD as 200-day SMA caps gains

Pound Sterling struggles vs USD as 200-day SMA caps gains

The GBP/USD pair once again faces rejection near a technically significant 200-day Simple Moving Average (SMA) and turns lower for the second consecutive day on Wednesday. Spot prices stick to modest intraday losses below the 1.3400 mark through the early European session and react little to the latest UK consumer inflation figures. The UK Office […]