Sterling falls as MPC hawks abandon rate rise push

clock

Sterling fell against the euro and the US dollar as the latest Monetary Policy Committee (MPC) minutes revealed a unanimous vote against hiking interest rates.

Falling inflation in the UK has forced the two MPC members who have been voting for a rate rise since August, Ian McCafferty and Martin Weale, to abandon their conviction for the moment, the latest...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

What the Trump tariff trauma means for DB pension schemes

What the Trump tariff trauma means for DB pension schemes

Schemes resilient but may need to prepare for changing world order going forward

Jonathan Stapleton
clock 11 April 2025 • 10 min read
Gilt yields fall after Trump backs down from tariff war

Gilt yields fall after Trump backs down from tariff war

UK government bonds stabilise after US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 1 min read
UPDATED: Gilt yields rise as part of sell-off of government debt

UPDATED: Gilt yields rise as part of sell-off of government debt

Investor unloading of US Treasuries drags government borrowing costs higher globally

Jonathan Stapleton
clock 09 April 2025 • 2 min read
Trustpilot