Sterling Dips Amidst Fed Meeting Anticipation, BoE Rate Cut Speculation
The British pound experienced a decline against a strengthening US dollar on Wednesday, despite initial resilience to British data, as investors awaited the outcome of the Federal Reserve’s policy meeting. The pound’s resilience was notable against the Japanese yen, reaching an 8-1/2-year high, buoyed by the Bank of Japan’s decision to exit its negative interest […]
Bank of England Flags Risks in Private Credit: Navigating the Shadow Banking Landscape
In a pivotal address on Monday, a senior Bank of England (BoE) official, Lee Foulger, Director for Financial Stability, brought attention to potential risks in the private credit market, underscoring the necessity for increased transparency and risk management. The private credit market, which falls under the umbrella of non-bank finance or shadow banking, has witnessed […]