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.

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...

Rate rises by the Fed and BoE on pause.

The US Federal Reserve raised interest rates yesterday as expected, but the Bank of England paused, leaving interest rates unchanged. This might bring into question the BoE’s credibility around the fight against inflation.