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Latest International Trade Updates - Cambridgeshire Chambers of Commerce
Summary by Cambridgeshire Chambers of Commerce
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Latest International Trade Updates - Cambridgeshire Chambers of Commerce
GBP The Bank of England held rates at 4.25 per cent as expected Thursday, although the vote split showed a slightly more dovish outcome than forecasted, with three members voting for a rate cut. The minutes highlighted signs of labour market easing, potentially giving the MPC room to look through above-target inflation and cut interest rates in August’s meeting. Markets are currently pricing this in at a 76 per cent probability. UK year-over-yea…
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