Leading Indicators | BoE likely to hold rates steady this week as the Fed kicks off easing cycle
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BoE expected to maintain rates this week as Fed kicks off easing cycle
Central banks globally are gearing up for a pivotal week with key rate decisions ahead. The Fed is expected to initiate its easing cycle, while the BoE will likely maintain current rates. Oxford Economics forecast one further quarter-point rate cut from the BoE in November, bringing rates to 4.75% by year-end, with an additional 100bps of cuts anticipated next year.
UK retains top spot as #1 destination for cross-border private equity investment YTD
Since 2020, the UK CRE market has maintained its position as the top destination for global cross-border private equity investment. YTD, it continues to dominate, attracting $5.28 billion in cross-border private equity inflows. This is followed by Singapore ($1.90bn), Japan ($1.46bn) and the Netherlands ($1.21bn).
The UK Manufacturing PMI lifted to a 26-month high in August
Despite UK GDP stalling in July, recent PMI data signals rising economic optimism. The Manufacturing PMI rose for the fourth consecutive month to 52.5 in August, its strongest reading in over two years. Meanwhile, the UK Services PMI rose to 53.7 in August, marking its tenth consecutive month in expansionary territory.
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