Bank of England policymaker Catherine Mann warned that future interest rate hikes could trigger larger-than-intended tightening in UK financial conditions because of growing fragility in Britain’s gilt market. Speaking on Wednesday, Mann said the increasing role of hedge funds and overseas investors has made the market more sensitive to sudden shifts in sentiment, particularly during […]
The post BoE’s Mann Warns Bond Market Fragility Matters for Future Rate Hikes appeared first on ActionForex.
Key Takeaways US inflation pressures intensified after April PPI surged 6.0% y/y, reinforcing the “higher for longer” Federal Reserve narrative and fuelling expectations that any future Fed move could shift toward rate hikes rather than Read more…
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Key Highlights GBP/USD was rejected near the 1.3650 resistance. It traded below a bullish trend line with support at 1.3580 on the 4-hour chart. EUR/USD could struggle to stay above 1.1650 if it remains below Read more…