Bank of England Reports Published in May 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 – May 2022 – Read the report
The Bank of England manages the UK’s official reserves on behalf of the Government.
PRA Regulatory Digest – May 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.
Cost of living crisis prompts ‘big state’ response
From: The BBC
Both institutions have individual balancing acts that are very difficult, but they also need to coordinate their responses carefully.
British Pound Forecast: US Dollar Weakness Supports GBP/USD Recovery
From: Daily FX
The US dollar is trading sideways today, not helped by the Memorial Day holiday in the US, leaving GBP/USD listless in early turnover. With US markets closed, and with no UK economic data on the slate, today’s session will likely see little volatility or price action. The UK is also nearing a four-day weekend with the Queen’s Platinum Celebrations commencing this Thursday, leaving the pair vulnerable to US dollar drivers at the end of the week, especially Friday’s US non-farm payroll report.
GBP/USD Forecast: June 2022
From: Daily Forex
The British pound recovered later in the month of May, but it is still a currency that has been very soft overall. The 1.22 level has offered a significant amount of support that caused a bit of a bounce, but really at this point, I think the British pound is setting up for yet another selling opportunity. The 1.27 level has been an area where we have seen both support and resistance, so I do think that might be a bit of a “decision point.”
Peak interest rates may be lower than expected as growth slowdown looms
LONDON, May 27 (Reuters) – Worsening economic data may force central banks to blink and take a less aggressive rate-rise stance, money markets are betting, having steadily dialled back expectations of where U.S. and British interest rates might peak.
FTSE 100 tracks upbeat global mood, Countryside soars after takeover approach
May 30 (Reuters) – Britain’s FTSE 100 edged higher on Monday, as an easing of China’s COVID-19 curbs lifted spirits across global markets, while Countryside soared after its shareholder made a second approach to buy the homebuilder.
FX Rates in May
May High: 1.1916
May Low: 1.1614
May End: 1.1737
May High: 1.2643
May Low: 1.2191
May End: 1.2617
May High: 1.0760
May Low: 1.0392
May End: 1.0742