Bank of England Reports Published in August 2022
Latest results from the Decision Maker Panel survey – 2022 Q2 – 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 – August 2022 – Read the report
The Bank of England manages the UK’s official reserves on behalf of the Government.
PRA Regulatory Digest – August 2022 – 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.
Why is everyone going on strike?
From: The BBC
This summer the battle lines have been drawn between UK workers and their bosses again in a way not seen since the 1980s.
British Pound Latest: GBP/USD Still Looks Likely to Re-Test Lows
From: Daily FX
The British Pound is finding some short-term respite against the US dollar as UK traders return after a long weekend. After hitting a fresh 20-year high on Monday, the greenback has slipped back as traders look to re-set in anticipation of the next move higher. US two-year yields continue to move higher, currently at 3.44%, while the US 2/10-year yield curve is inverted by in excess of 35 basis points.
GBP/USD Forex Signal: Inverted C&H Points to More Downside
From: Daily Forex
The GBP/USD exchange rate is hovering near its lowest level since March 2020 as the US dollar makes a strong comeback. The pair dropped to a low of 1.1745 on Monday, which was about 17.80% below the highest point this year.
UK house price surge to end as cost of living crisis bites: Reuters poll
From: Reuters
LONDON, Aug 31 (Reuters) – The surge in British house prices will come to an end next year as the cost-of-living crisis and rising borrowing costs put the brakes on what has been a buoyant market for years, a Reuters poll found.
UK gas, electricity industry may make 170 bln pounds excess profits -Bloomberg
LONDON, Aug 30 (Reuters) – Britain’s gas producers and electricity generators could make excess profits of up to 170 billion pounds ($198 billion) over the next two years, Bloomberg News reported on Tuesday, citing unpublished analysis that the finance ministry disputed.
FX Rates in August
GBP/EUR
Aug High: 1.1966
Aug Low: 1.1643
Aug End: 1.1643
GBP/USD
Aug High: 1.2238
Aug Low: 1.1676
Aug End: 1.1676
EUR/USD
Aug High: 1.0311
Aug Low: 0.9913
Aug End: 1.0025