Bank of England Reports Published in September 2022
Latest results from the Decision Maker Panel survey – 2022 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 – September 2022 – Read the report
The Bank of England manages the UK’s official reserves on behalf of the Government.
PRA Regulatory Digest – September 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.
EU agrees windfall tax on energy firms
From: The BBC
The European Union has agreed to impose emergency measures to charge energy firms on their record profits.
Cable Recovers as Truss, Kwarteng Meet with Fiscal Watchdog. Massive UK GDP Beat
From: Daily FX
Liz Truss and Kwasi Kwarteng are scheduled to meet with the UK fiscal watchdog, the Office for Budget Responsibility in the wake of the market dysfunction seen in UK assets over the last week.
The Treasury Select Committee, constituting MPs from all parties, demanded that chancellor Kwarteng provide the full economic forecast from the OBR by the end of October.
GBP/USD Forex Signal: Ripe for Another Bearish Meltdown
From: Daily Forex
The GBP/USD price also rose slightly even after a hawkish statement by Raphael Bostic.
In absence of EU gas price cap, some countries plan to propose their own
From: Reuters
BRUSSELS, Sept 30 (Reuters) – A group of European Union countries will take the unusual step of drafting their own legislative proposal for an EU gas price cap, Poland’s climate minister said on Friday, amid scepticism from Brussels over the idea.
Sterling set for biggest weekly rises since March 2020
LONDON, Sept 30 (Reuters) – Sterling rose on Friday and was set for its biggest weekly gains since March 2020 after the Bank of England intervened to calm markets spooked by the government tax cut plans announced on Sept. 23.
FX Rates in September
GBP/EUR
Sept High: 1.1622
Sept Low: 1.0999
Sept End: 1.1327
GBP/USD
Sept High: 1.1710
Sept Low: 1.0612
Sept End: 1.1118
EUR/USD
Sept High: 1.0141
Sept Low: 0.9564
Sept End: 0.9813