BoE raises the Bank Rate by 25bps to 1.25%. The decision was not unanimous, with three members (Catherine Mann, Michael Saunders and Jonathan Haskel) voted for a 50bps hike. The MPC said it will take necessary actions to return inflation to 2% target. The scale, pace and timing of further rate hikes will reflect the […]
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In the early hours of May 2, low-cost carrier Spirit Airlines definitively collapsed and canceled all flights after weeks of talks to save the beleaguered airline ultimately led to nothing. “Despite the Company’s efforts, the Read more…
Dollar’s broader weakness reasserted itself last week, even as it managed a modest late rebound against Euro. Across the board, however, the greenback remains under pressure, with underlying momentum and sentiment pointing to further downside Read more…
After more than a year of speculation about whether Spirit Airlines could come out of two bankruptcies with a last-minute Hail Mary, the skyrocketing price of jet fuel ended up dealing the final blow to Read more…