Bank of England Reports Published in April 2023
Latest results from the Decision Maker Panel survey – 2023 Q1 – Read the report
The Decision Maker Panel (DMP) is a survey of Chief Financial Officers from small, medium and large UK businesses.
UK International Reserves – March 2023 – Read the report
The Bank of England manages the UK’s official reserves on behalf of the Government.
PRA Regulatory Digest – April 2023 – Read the report
The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.
Rents hit fresh high as lack of homes available continues
From: The BBC
Average rents have continued to hit new highs, according to property website Rightmove, as the shortage of available properties continues.
Asking rents outside London have reached a record of £1,190 a month on average, Rightmove said, while in London they have risen above £2,500.
GBP/USD AND EUR/GBP – PRICES, CHARTS, AND ANALYSIS
From: Daily FX
- ECB and Fed are expected to hike interest rates next week.
- Little high-impact data in the UK next week will leave Sterling vulnerable.
GBP/USD: Weekly Forecast 23th April – 29th April
From: Daily Forex
Another week of downs and ups has been produced in the GBP/USD and likely has caused some headaches for day traders. A consistent test of values within a known price range certainly creates opportunities for speculators, but being on the wrong side of the results is frustrating, highlighting the need for risk management. Traders will certainly be listening for clues regarding the U.S Federal Reserve’s FOMC Statement, but this announcement is not coming for another week and a half.
British business morale hits 11-month high in April: Lloyds
From: Reuters
LONDON, April 28 (Reuters) – British businesses were their most optimistic in nearly a year in April, boosted by growing hopes about the economy, according to a Lloyds Bank survey on Friday that could add to pressure on the Bank of England to keep on raising interest rates.
How 2022 shocked, rocked and rolled global markets
LONDON, Dec 30 (Reuters) – Trillions of dollars wiped off world stocks, bond market tantrums, whip-sawing currency and commodities and the collapse of a few crypto empires – 2022 has been perhaps the most turbulent year investors have ever seen, and for good reason.
FX Rates in April
GBP/EUR
Apr High: 1.1424
Apr Low: 1.1281
Apr End: 1.1327
GBP/USD
Apr High: 1.2535
Apr Low: 1.2285
Apr End: 1.2474
EUR/USD
Apr High: 1.1067
Apr Low: 1.0803
Apr End: 1.1010