marketsClosed Jun 19, 2025
The Bank of England
held
its key interest rate at 4.25% as the
uncertainty
facing the economy outweighed disinflationary forces, which include a
“broad weakening”
in the labour market.
held
its key interest rate at 4.25% as the
uncertainty
facing the economy outweighed disinflationary forces, which include a
“broad weakening”
in the labour market.
Still, traders dialled up their bets for further cuts this year after more policymakers voted to reduce rates than economists expected. Gilt yields rose but by less than European peers.
The pound oscillated against the dollar throughout the day, with a dip on that more dovish than expected vote-split. It’s now roughly flat and trading a bit above $1.34.
In other news, UK stocks dropped but outperformed European benchmarks. The FTSE 250 fared a little worse than the FTSE 100, weighed on by weak results from firms this morning and deepening its decline throughout the day.
That’s all from us at Markets Today for now. Join us again here tomorrow for retail sales and public finances data, Berkeley results, and everything else that matters to UK markets.
