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BOE Set to Give Labour a Reality Check Over UK Growth Plans
Prime Minister Keir Starmer’s ambition to lift UK economic growth to 2.5% a year is expected to be dealt a blow when the Bank of England releases new forecasts next week. In its economic update on Aug. 1, the BOE will say the UK’s long-term growth potential is less than 2%, economists predict, leaving Chancellor of the Exchequer Rachel Reeves with tough decisions if she is to deliver big pay rises for public-sector workers and make a start on fixing the country’s dilapidated public services. Labour’s plans to boost the minimum wage and public-sector pay also threaten to slow the pace of interest-rate cuts ... (full story)
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From cnbc.com|Jul 23, 2024U.S. Treasury yields were slightly lower on Tuesday as investors considered the outlook for the U.S. economy ahead of key data slated for the week. At 4:03 a.m. ET, the yield on ...
From channelnewsasia.com|Jul 23, 2024Broadening pay hikes among smaller firms is crucial, said Japan's top government spokesperson, Yoshimasa Hayashi, underscoring the administration's drive to achieve sustained wage ...
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From marctomarket.com|Jul 23, 2024|1 commentThe US dollar is firmer against all the G10 currencies but the Japanese yen. Local reports and the price action are consistent with short covering of the previously sold yen ...
From xm.com|Jul 23, 2024GBPUSD is retreating after a strong rally towards the one-year high of 1.3045. The technical oscillators also confirm the bearish retracement. The stochastic is diving into ...
From apnews.com|Jul 23, 2024South Korean prosecutors said Tuesday they have arrested the founder of technology giant Kakao Corp. for alleged stock price rigging during his company’s takeover of a major K-pop ...
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- Posted: Jul 23, 2024 5:22am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,768
