Bank of England Reports Published in April 2022
Latest results from the Decision Maker Panel survey – 2022 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 – April 2022 – Read the report
The Bank of England manages the UK’s official reserves on behalf of the Government.
PRA Regulatory Digest – April 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.
Can the Bank of England stop spiralling inflation?
From: The BBC
The PM yesterday said that fears of an “inflationary spiral” had held back the amount of support the government could offer in the cost of living crisis.
The CPI and Forex: How CPI Data Affects Currency Prices
From: Daily FX
The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels.
GBP/USD Forecast: May 2022
From: Daily Forex
The British pound has had a very rough month for April, just as almost all currencies have. The only currency that seems to be doing very well is the US dollar. The Bank of England has announced that they are not willing to sell off the assets on its balance sheet, so this means that they are not quite as hawkish as the Federal Reserve. If that is going to be the case, then it makes a lot of sense that the British pound continues to fall.
Global rally lifts UK shares over 1% ahead of BoE decision
From: Reuters
UK shares rose on Thursday after the U.S. Federal Reserve’s widely expected rate hike triggered a relief rally in global markets, with investor focus now on the Bank of England’s meeting amid concerns over Britain’s cost-of-living crisis.
UK auto industry cuts 2022 outlook on supply snags, rising cost of living
British new car sales this year will be lower than previously thought as the cost-of-living squeeze in Britain and persisting chip shortages impact the auto market.
FX Rates in April
GBP/EUR
Apr High: 1.2059
Apr Low: 1.1845
Apr End: 1.1876
GBP/USD
Apr High: 1.3138
Apr Low: 1.2519
Apr End: 1.2521
EUR/USD
Apr High: 1.1059
Apr Low: 1.0512
Apr End: 1.0541