Trading
Explore a wide range of markets with competitive pricing, deep liquidity, and advanced trading tools.
Learn More 
Platform
Trade seamlessly with TMGM's powerful platform, built for speed, precision, and a superior trading experience.
Learn More Trading Platform
Academy
Learn the fundamentals of trading with beginner-friendly resources, including guides, webinars, and market insights.
Learn More News & Analysis
Get real-time market updates and expert analysis to stay ahead of trading opportunities
Learn More News & Analysis
About
Learn what sets TMGM apart — our global presence, regulatory strength, and commitment to innovation in trading.
Learn More Why Choose TMGM
Sponsorship
November hike added to Bank of England outlook as UK inflation remains firm – Danske Bank
UK headline CPI climbed to 3.5% year-on-year in September. According to Danske Research Team, core and services inflation also moved higher, exceeding Bank of England projections. Given stronger inflation and resilient activity, the bank now forecasts a BoE rate hike in November to bolster the credibility of its inflation target.
3.5% UK CPI: Rate Forecast Revised
"In the UK, September CPI inflation rose to 3.5% y/y from 3.1%, core inflation to 2.8% from 2.6% and services inflation to 3.7% from 3.4%."
"Slightly higher than consensus and above the Bank of England's (BoE) forecast."
"We are adjusting our BoE forecast to include a rate hike in November, as inflation concerns have risen and growth has strengthened."
"Activity has proven more resilient than expected in recent months and the labour market is showing signs of stabilisation."
"We believe the BoE will act to contain inflation risks and prioritise the credibility of its inflation target."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
POPULAR ARTICLES
1China: Slowing growth puts targeted policy in focus – HSBC2Euro Probes Channel Support as British Pound Advances Further - Societe Generale3Euro under pressure from US Dollar recovery and French debt concerns41.1000 in focus for the Euro: Why France's bond spreads approaching the 2011 crisis record matter5October hold favoured by rising bond yields: European Central Bank – ING65% slide takes silver to three-month low as bets on Fed rate hikes mount7November hike added to Bank of England outlook as UK inflation remains firm – Danske Bank8South African Rand: SAGBs draw support from fiscal discipline – Societe Generale9Canadian Dollar holds steady as US Dollar rebound caps gains
LIVE QUOTES
Get Started!
Sign up and access the Global Markets in less than 3 minutes
Connect With Us
Contacts
Phone: +61 2 8036 8388
Fax: +61 2 8036 8388
Email: support@tmgm.com
The information provided on this website is of a general nature only and does not constitute personal financial advice. Before acting on any information on this website, you should consider the suitability of the information in relation to your objectives, financial situation and needs. Investing in CFDs and FX Margin Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You do not own, or have, any interest in the underlying asset. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. It is important that you read and consider the disclosure document before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use would be contrary to local laws and regulations. The Products and Services offered on this website are not intended for residents of the United States, Malaysia and Thailand.
TMGM is authorized and regulated in various jurisdictions.
Trademax Australia Limited, trading as TMGM, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 436416 and is located at Level 28, One International Tower, 100 Barangaroo Avenue, 2000 Sydney, NSW Australia.
Email: support@tmgm.com.au
Trademax Global Limited, trading as TMGM, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), registration number 40356 and registered at 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu.
Email: support@tmgm.com
Trademax Global Markets (SE) Limited, trading as TMGM, is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD224. The company is registered at Office No 13, Providence Estate ABIS Centre, Mahe, Seychelles.
Email: support@tmgm.com
Trademax Global Markets (International) Pty Ltd, trading as TMGM, is authorized and regulated by the Financial Services Commission, Mauritius (FSC) with license no. GB22201012, and registered at 33, Edith Cavell Street C/o IQ EQ Fund Services (Mauritius) Ltd Port Louis, 11324 Mauritius.
Email: support@tmgm.com
Copyright © TMGM. All rights reserved