BOE raises bank rate by 25 bps from 0.50% to 0.75% 5 (1)

Prior 0.50%Bank rate vote 8-1 (Cunliffe dissented in favour of maintaining bank rate at 0.50%)Some further modest tightening might be appropriate in the coming monthsThere are risks on both sides of policy judgment depending on how inflation prospects evolveExpects Q1 GDP to rise by around 0.75% q/q

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ForexLive European FX news wrap: Dollar sluggish, pound higher ahead of BOE 0 (0)

Headlines:Russia says that it is putting more energy into peace talks than Ukraine isRussia says that talks with Ukraine are continuingUK military intelligence: Russian invasion of Ukraine has largely stalled on all frontsECB’s Lagarde: Inflation increasingly likely to stabilise at 2% target over me

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Stocks lurk lower, bond yields retreat further on the session 5 (1)

The post-Fed volatility is continuing to play out as equities start to push lower on the day now. S&P 500 futures are down 0.5% while European indices are also turning red on the day. The DAX is down 0.9% currently after a more optimistic open earlier.
The dollar is also making back some ground agai

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