Investors are wearing their risk-on hats ahead of the weekend as renewed hopes of monetary easing take hold, a day after the Bank of England opened the door ...
Investors are wearing their risk-on hats ahead of the weekend as renewed hopes of monetary easing take hold, a day after the Bank of England opened the door to rate cuts, taking London stocks to record highs and weighing on the sterling.
The BOE paved the way on Thursday for the start of interest rate cuts as soon as next month and Governor Andrew Bailey said there could be more reductions than investors expect. However, the latest data showed signs of easing jobs market, boosting some expectations around rate cuts this year. Elsewhere, Apple apologised after an advertisement for its latest iPad Pro model sparked criticism by showing an animation of musical instruments and other symbols of creativity being crushed, according to Ad Age magazine.Economic events: UK prelim Q1 GDP, UK industrial March output and UK business investmentTFSA: 4 Canadian Stocks to Buy and Hold Forever
Ankur Banerjee Bank Of England
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