The Bank of England has maintained the base interest rate at 3.75%, though it issued a firm warning that hikes are looming. The primary driver for this hawkish shift is the

UK Inflation for March climbed sharply as motor fuel prices pushed the released figure to 3.3%, notably up from February’s 3% release. The more concerning nature of this release is

UK’s unemployment rate fell to 4.9% in February, down from 5.2% in its previous month. Noticeable it was also below expectations of 5.2%. Figures also came in below BoE forecast,

Over the weekend, the U.S.–Iran conflict shifted back toward confrontation, with the Strait of Hormuz once again becoming the focal point. Going into Friday, markets were watching what looked like

The UK economy expanded more than expected in February, with the 0.5% growth exceeding initial forecasts of 0.1% growth. The main driving force behind the growth was due to both