Bank of England Reports Published 

Latest results from the Decision Maker Panel survey – 2023 Q3 – 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 – November 2023 – Read the report

The Bank of England manages the UK’s official reserves on behalf of the Government.

PRA Regulatory Digest – November 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.

 

House prices edge up as hopes rise of lower mortgage rates

From: The BBC

House prices edged up 0.2% last month amid “encouraging signs” that mortgage rates are starting to come down, Nationwide has said.

The building society said financial markets estimated interest rates had peaked and would start to come down, easing affordability pressures.

Read more

GBP/USD Price Forecast: Mixed Technical Signals and a Stronger US Dollar

From: Daily FX

GBP PRICE, CHARTS AND ANALYSIS:

  • GBP/USD Slides as the US Dollar Receives a Bid on Rising Haven Demand.
  • US Data and the Dollar Index Likely to Hold the Key to the Direction of GBPUSD this Week.
  • IG Client Sentiment Shows Retail Traders Have Significantly Increased their Long Positions Over the Last 24 Hours.
  • To Learn More About Price Action, Chart Patterns, and Moving Averages, Check out the DailyFX Education Section.
Read more
GBP/USD Forex Signal: Double Top Pattern Forms on the 4H
From: Daily Forex

Bearish view

  • Sell the GBP/USD pair and set a take-profit at 1.2500.
  • Add a stop-loss at 1.2750.
  • Timeline: 1-2 days.

Bullish view

  • Set a buy-stop at 1.2635 and a take-profit at 1.2735.
  • Add a stop-loss at 1.2550.

The GBP/USD pair retreated on Monday as the US dollar index (DXY) bounced back. After peaking at 1.2733 last week, the pair has now pulled back to the psychological level of 1.2600. The dollar index, on the other hand, bounced back to $103.7.

Read more

 

UK grocery inflation slows again – Kantar
From: Reuters
  • UK grocery inflation slows to 9.1% in November – Kantar
  • Cost of Christmas dinner up 1.3% year-on-year
  • Sainsbury’s has largest market share gain in over a decade
Read more
Governments take action to keep offshore wind projects on track
From: Reuters

LONDON, Dec 5 (Reuters) – Governments have decided to pay up to revive offshore wind farm developments after rising costs put at risk multiple projects that are needed to help them cut emissions and reach climate targets.

Read more

 

FX Rates in November

GBP/EUR

 

November High: 1.1583
November Low: 1.1412
November End: 1.1583

 

 

GBP/USD

 

November High: 1.2686
November Low: 1.2221
November End: 1.2681

 

 

EUR/USD

 

November High: 1.0979
November Low: 1.0558
November End: 1.0940