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Pound falls as BoE signals caution
A report discusses the Bank of England's decision to keep interest rates unchanged, despite hints in the meeting minutes indicating rising inflation risks due to higher energy prices resulting from the conflict in the Middle East. It is expected that the consumer price index will reach around 3.75% in the fourth quarter of 2026 and surpass 4% in early 2027. Nevertheless, the British pound fell by 0.23% against the dollar, while the FTSE 100 index rose by 0.7%. The report notes that markets are viewing a more dovish tone compared to the meeting minutes, despite some members voting for a rate hike. Expectations remain that the U.S. Federal Reserve may increase interest rates in the coming months.
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