Bank of England Reports Published in January 2022
Monthly Decision Maker Panel data – January 2022 – 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 – January 2022 – Read the report
The Bank of England manages the UK’s official reserves on behalf of the Government.
PRA Regulatory Digest – January 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.
US economy grows at fastest pace in decades
From: The BBC
British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
From: Daily FX
The British Pound went lower again today as the US Dollar soared in the aftermath of the Federal Open Market Committee (FOMC) meeting of the Federal Reserve. Additional uncertainty around Prime Minister Boris John Johnson’s future has been undermining Sterling. A report regarding Johnson’s behaviour during strict Covid-19 restrictions is due for release imminently. It may trigger a leadership spill.
British Inflation Exceeds Expectations
From: Daily Forex
Earlier today saw the release of monthly UK CPI (inflation) data showing the extent to which the price of a representative basket of goods and services is rising. The data showed that year on year, inflation rose by 5.4%, higher than the 5.2% which was the consensus forecast.
High inflation to stick this year, denting global growth: Reuters poll
Persistently high inflation will haunt the world economy this year, according to a Reuters poll of economists who trimmed their global growth outlook on worries of slowing demand and the risk interest rates would rise faster than assumed so far.
Dollar jumps as markets brace for larger, faster rate hikes
The dollar soared to highs last seen in July 2020 against other major currencies on Thursday, a day after the Federal Reserve said it could deliver faster and larger interest rate hikes in the months ahead.
FX Rates in January
Jan High: 1.2021
Jan Low: 1.191
Jan End: 1.2021
Jan High: 1.3735
Jan Low: 1.3421
Jan End: 1.3421
Jan High: 1.1468
Jan Low: 1.1162
Jan End: 1.1162