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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

FMs making 'incremental' progress on ESG integration

FMs making 'incremental' progress on ESG integration

EY report finds ESG integration has been a case of ‘evolution rather than revolution’

Martin Richmond
clock 09 July 2026 • 3 min read
Nest launches £200m VC sleeve with Schroders Capital

Nest launches £200m VC sleeve with Schroders Capital

Master trust will allocate £200m to build on existing private markets investment

Martin Richmond
clock 08 July 2026 • 4 min read
The hardest problem in finance is becoming pensions' defining challenge

The hardest problem in finance is becoming pensions' defining challenge

Hugh Cutler says there is not yet a settled industry answer to the decumulation challenge

Hugh Cutler
clock 07 July 2026 • 5 min read
Trustpilot