British inflation may have returned to its 2% target for the first time in nearly three years, setting the stage for the Bank of England to cut interest...
British inflation may have returned to its 2% target for the first time in nearly three years, setting the stage for the Bank of England to cut interest rates - just not on Thursday.
So, things under the hood look murky, leaving Bank of England Governor Andrew Bailey little choice but to wait out, with markets fully pricing in a rate cut only in November. With Bailey and his colleagues cancelling public events when Sunak called the election on May 22, markets have had very little to gauge what the central bank is thinking and a surprise could well be in store.
French stocks and the euro have been under pressure as political uncertainty in France and the possibility of a far-right-dominated parliament sapped sentiment in the wake of President Emmanuel Macron's decision to call a snap vote.
Steve Ballmer was hired as Bill Gates' assistant in 1980, became Microsoft CEO in 2000, and retired a decade ago with a hugely valuable 4% stake.
Bank Of England Ankur Banerjee Prime Minister Rishi Sunak Andrew Bailey Swiss National Bank Labour Party Inflation Risk Central Bank
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