All eyes were on the Bank of England (“BoE”) on Thursday for its latest interest rate decision. The Monetary Policy Committee decided to hold the rate at 3.75%. This dovish stance comes after a split six versus three vote, where investors placed greater weight on the cautious remarks from Governor Andrew Bailey. The BoE remains alert over supply shocks such as oil volatility, food inflation, the easing of price pressures, which fell 0.9%, and a drop in public inflation expectations. Consumers are now drawing down Covid pandemic-era savings to help absorb the current living costs, which in turn is supporting modest retail resilience and pushing business confidence to a four-month-high. Some forecasters are now warning that persistent geopolitical friction and supply risks could weigh on economic expansion well into 2027, meaning the rate path remains complicated...
Stocks featured:
Burberry Group, Rentokil Initial and Sage Group
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