Bank of England Reports Published in September 2023
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 – September 2023 – Read the report
The Bank of England manages the UK’s official reserves on behalf of the Government.
PRA Regulatory Digest – September 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.
Winter warning as new energy price cap comes in
From: The BBC
Charities are warning of a tough winter ahead for many people’s finances despite a drop in domestic energy prices for the next three months.
The annual bill for a typical household falls to £1,923 from Sunday under regulator Ofgem’s price cap.
Financial Markets in Q4: US Dollar, Euro, British Pound, Gold, Crude Oil, Stocks
From: Daily FX
The US Dollar broadly outperformed against its major counterparts in the third quarter of 2023. Relatively speaking, it performed the best against the British Pound, Japanese Yen and Australian Dollar. Meanwhile, the Chinese Yuan fared better.
GBP/USD: Weekly Forecast 2nd – 6th October
From: Daily Forex
- Sell the GBP/USD pair and set a take-profit at 1.2000.
- Add a stop-loss at 1.2400.
- Timeline: 1-5 days.
- Set a buy-stop at 1.2245 and a take-profit at 1.2400.
- Add a stop-loss at 1.2180.
The GBP/USD exchange rate’s relentless sell-off gained steam last week as investors moved to the safety of the US dollar. The pair plunged to a low of 1.2121, the lowest point since March this year. It has dropped by more than 7.1% from the highest point this year.
UK authorises GSK’s drug to treat endometrial cancer
Oct 2 (Reuters) – Britain’s drugs regulator on Monday approved GSK’s (GSK.L) drug, Jemperli, to be used with chemotherapy for cancer of the womb lining as a first line treatment.
Jemperli is now authorised to be used together with chemotherapy to slow the progression of endometrial cancers, increasing life expectancy for patients, the UK’s Medicines and Healthcare products Regulatory Agency said.
UK house prices fall by 5.3% in 12 months to September – Nationwide
LONDON, Oct 2 (Reuters) – British house prices in September were 5.3% lower than a year earlier, matching their fall in August which was the biggest annual drop since 2009, figures from mortgage lender Nationwide showed on Monday.
In month-on-month terms, prices were unchanged in September after a 0.8% fall in August, Nationwide said.
FX Rates in September
September High: 1.1702
September Low: 1.1498
September End: 1.1569
September High: 1.2684
September Low: 1.2152
September End: 1.2267
September High: 1.0855
September Low: 1.0522
September End: 1.0617