Pound slides after CPI report The British pound has taken a tumble after April CPI jumped to 9.0% YoY, up sharply from 7.0% in March. GBP/USD has fallen 100 points today and is trading at 1.2390 in North American trade. UK inflation continues to run at a 40- year high, and the cost of living […]
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RBA Governor Michele Bullock pushed back against the market’s initial interpretation of a divided board, emphasizing that the 5–4 split in the decision on today’s 25bps hike reflects a debate over “timing” rather than “direction”. Read more…
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RBA delivered a widely expected 25bps hike to 4.10%, but the real surprise lay in the 5–4 split decision, exposing a deeply divided board. The narrow margin suggests that while policymakers are concerned about inflation, Read more…