#dave ramsden

Yesterday’s UK inflation release brought with it more than a few questions for the Bank of England. As I pointed out their 0.5% increase in interest-rates to 5% looks even more like a panic move after a bad set of inflation figures for May. Next up are the suggestions that they will raise again next time around in response to analysis of “sticky inflation” that looks different now,especially with…

UK house prices reach yet another record

Today I am reminded of the sequence in one of The Matrix series of films when the Frenchman tells us about cause and effect. That is because as I wait for another signal of the cause we have seen the effect already. May saw a further acceleration in annual house price growth to 10.9%, the highest level recorded since August 2014. In month-on-month terms, house prices rose by 1.8% in May, after…

Pound Slides As U.K. Retail Sales Plunge, Ramsden Hints At Negative Rate Policy

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The pound fell against its major counterparts in the European session on Friday, as Bank of England Deputy Governor Dave Ramsden supported taking rates into negative territory and the nation’s retail sales declined at a record pace in April due to shutdown to contain the spread of coronavirus.

Data from the Office for National Statistics showed that retail sales volume declined 18.1…

GBP/USD Risks Remain to the Downside on Latest BoE Talk, UK Sales Data

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British Pound (GBP) Forecasts, Charts and Analysis:

Economic recovery may take longer than previously expected.

BoE not ruling out further QE measures, open minded on negative rates.

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GBP/USD Back Below…

UK workers responded to uncertainties about the outlook by showing even more flexibility in their wage demands since the EU referendum, Bank of England Deputy Governor Dave Ramsden, said in London. At the November meeting, Jon Cunliffe and Dave Ramsden were the only two members in the monetary policy committee to vote against a rate hike. The bank had lifted the rate by a quarter point early this…

BoE's Cunliffe: Prefer To See Signs Of Improving Wage Growth Ahead Of Tightening

Bank of England Deputy Governor Jon Cunliffe, said it was possible to wait for clear signs of pay growth picking up, before tightening policy early this month. At the November policy meeting, the BoE lifted the interest rate for the first time in a decade. Cunliffe and Dave Ramsden voted against the 25 basis point rate hike. Cunliffe said his decision was not the result of his having a markedly…

Performers queueing up for anti-racist gig, April 22

New names are being added every day to our anti-racist gig in Bradford on April 22

If you want to perform, please get there by 7.30pm and make yourself known to Muppet. It would help if you could fill in the form HERE so we know you’re coming. Please note: This is an acoustic, unplugged event. There will be no PA. We’d like to shoot video for the Simple Gifts show on the web, so volunteer…