Halifax: UK Monthly Average House Prices Down 0.1% in February
Officials from the Bank of England have stated that gradual interest rate cuts are "no longer effective"! Strong measures are now needed to support the economy.
Catherine Mann, a policymaker at the Bank of England, stated that incremental interest rate adjustments can no longer convey clear signals to the turbulent financial markets; now larger adjustments are needed to "penetrate" market noise in order to promote economic development.
U.K. Businesses' One-Year Ahead Inflation Expectation Rises to 3.1% -- Market Talk
Pound Edges Lower Amid Tariff Uncertainty and Bond Sell-off
Sterling Could Fall Further as Gilt Yields Rise Ahead of U.K. Budget -- Market Talk
S&P: UK Construction PMI Further Slumps in February