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The path of interest rates at the United Kingdom central bank is under doubt, with the 30-year UK government bond yield reaching a 26-year high.
The uncertainty of the economic outlook in the United Kingdom has intensified, with the 30-year government bond yield reaching a 26-year high. The reasons behind this are, firstly, that the UK government's borrowing has exceeded official expectations this year, which may lead to an increase in UK government bond supply next year, bringing additional risks to the market. Secondly, there are divergences within the Bank of England regarding interest rate cuts, making it difficult for the market to accurately predict future interest rate trends. Thirdly, inflationary pressures coexist with weak economic growth, increasing the difficulty of policy forecasting.
U.K. Retail May Not Come to Economy's Rescue -- Market Talk
UK Retail Sales Rebound Less Than Expected in November Amid Cost-of-Living Crisis
Sterling Struggles After Lackluster U.K. Retail Sales Data -- Market Talk
In November, Hong Kong's CPI year-on-year was 1.4%, lower than expected.
On December 20, Gelo Exchange reported that Hong Kong's comprehensive CPI in November was 1.4% year-on-year, expected to be 1.5%, and the previous value was 1.40%.
Pound Sterling Attempts to Gain Ground After UK Retail Sales Data