The Bank of England is expected to hold rates at 5.00%, with a vote split potentially influencing sterling and gilt yields. The vote split is key for sterling, with a closer result likely weighing on the currency. Despite potential risks, sterling remains a favored currency, reflecting positive market sentiment since the July U.K. election.
Technical Outlook
On...
The ERRANTE:UK100 has faced selling pressure as investors lock in profits. This comes as inflation in the UK nears the central bank's target level, prompting expectations that the Bank of England will keep interest rates steady at 5%. The combination of stable rates and profit-taking from shareholders has contributed to a correction in the ERRANTE:UK100 after...
