Crunch time for the gilt market
(4 min read)

The Autumn budget is set for 26th November 2025. The Chancellor is again faced with a significant challenge in persuading financial markets that she can balance the books, while long-dated government borrowing costs surge to levels not seen since 1998.

The BoE’s One and Done
(3 min read)

What does a split committee and the first re-vote in the MPC’s 28-year history tell us about the Bank of England’s latest interest rate cut to 4.0%? With the Autumn budget in a little over two months’ time, we’ll find out soon enough.

Inflation Progress (2 min read)

UK inflation has dropped below the Bank of England’s 2% target for the first time in three years. With the 30^th October Autumn Budget barely a fortnight away, the US election getting ever nearer and Middle East tensions hanging in the balance, could hikes in food and energy prices mean the headlines are short-lived?

The Long Way Down (3 min read)

The Fed cuts rates by ½% and the Chinese central bank eases monetary policy while we wait to see if the ECB will continue to cut interest rates next month. The only potential laggard in this global monetary easing cycle could be the Bank of England which will need to digest the economic implications of the much-anticipated 30th October budget when...

Summer rate cuts expected.

Rhetoric from the Federal Reserve and the Bank of England following monetary policy meetings this week has been softer in tone regarding the fight against inflation and the consequent outlook for interest rates. Markets are discounting…