OuJay_
OuJay_ Oct 28, 21 5:50 AM

Sunak Delivers $103 Billion of Stimulus to Boost U.K. Economy • Treasury boosts forecasts for both growth and inflation • Bank of England says it may have to act to control prices U.K. Chancellor of the Exchequer Rishi Sunak unleashed 75 billion pounds ($103 billion) of giveaways in a budget

OuJay_
OuJay_ Oct 28, 21 5:51 AM

BOE Governor Andrew Bailey has said policy makers will have to act to contain inflationary forces, prompting financial markets to anticipate an interest rate increase either next week or just before Christmas.

OuJay_
OuJay_ Oct 28, 21 5:51 AM

The danger is that continued spending will push inflation even higher, boosting the cost of servicing the U.K.’s record debt load and squeezing household finances. Consumer confidence plunged in recent months, reflecting a surge in energy prices and shortages of everything from food to fuel.

OuJay_
OuJay_ Oct 29, 21 5:27 AM

UK budget, Brexit, and hawkish BOE entertain the pound traders.

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