John Stepek

RT @KallumPickering: @John_Stepek The opening policy statement in the summary is much less muddled than the vote suggests.... BoE emphasisi…

Always with the glass half-full argument... (he's right though, refreshing to see institutional democracy in action)

Simon French @Frencheconomics

This is a very welcome 3-way split. Why? Because there is huge uncertainty over the persistence of UK inflation, impact of trade frictions, and passthrough rate of recent tax increases. That nine central bankers are so split on the correct setting for UK financial conditions is

Trickier BoE decision for markets to parse, this. Two half-point cuts is a bit punchier than expected, but 2 holds is punchier in the opposite direction. I guess that's policy uncertainty for you

Kallum Pickering @KallumPickering

BoE cuts 25bp - 5-4 vote. MIXED SIGNALS - Two members (Swati Dhingra and Alan Taylor) preferred to reduce Bank Rate by 0.5 percentage points, to 4%. Two members (Catherine L Mann and Huw Pill) preferred to leave Bank Rate unchanged, at 4.5%. https://t.co/Ao0T6UerUx

Bank rate cut to 4.25% as expected, but a 3-way split! 5 voted to cut, 2 to hold, and 2 to cut by a half point.

No idea what's in the US-UK trade deal and we'll find out later. But for all that it'll be possible to poke holes in it from a political point of view, I find it hard to be down on it from an economic/market POV. Makes the case for the UK as a "trade war haven" even stronger

"That's not a black hole - THIS is a black hole" https://t.co/tvuosZKCjr

RT @staylorish: 1/ The problems rising gilt yields cause for Rachel Reeves are well understood. But less appreciated are the problems they…

RT @JohnRosier: I recommend this episode of Merryn Talks Money. Really good and a must listen (reinforces my view - that night or night not…

RT @rhunterh: This was another excellent ep from @MerrynSW and @gave_vincent -- I honestly don't listen to many finance pods but finding mo…

Rightly or wrongly, most things don't rattle me in a "this really might be an existential change" sort-of way. AI rattles me. It might just be because I don't know enough about it yet

Tim Urban @waitbutwhy

Seems like a good time for an update on a graph from my 2015 post on AI. https://t.co/2rUWolyGON

Why have oil prices fallen so hard since "Liberation Day"? And what might it mean for the UK economy and the Bank of England's decision-making process? https://t.co/DmDPWSh6Sw

I so hope the pitch deck contained a slide about "democratising failure"

Merryn Somerset Webb @MerrynSW

There's a start up to help you shut down your failing start up. It's getting lots of business. https://t.co/T8uYdbwNBj

Ed Davey just squeezed both Paddington and Bridget Jones into a question in the House of Commons. This is surely peak LibDem

When they said AI might result in people losing work I'm not sure this is what they meant

Gareth Weetman @Barrister7

Extraordinary case in which fake citations/authorities were seemingly relied on by Solicitor & Counsel in a Judicial Review: https://t.co/rRd9iFCqSd https://t.co/tcweZ90eCb

RT @JavierBlas: Renewable champion Orsted cancels what was going to be one of the largest UK windfarms (Hornsea 4 with ~2.4 GW capacity). I…

The voting continued until morale improved

Joe Weisenthal @TheStalwart

Merz got it *GERMAN PARLIAMENT BACKS CONSERVATIVE LEADER MERZ AS CHANCELLOR https://t.co/bPLNaZubSz

What carries more clout in markets - stories or reality? https://t.co/en2GxrFPA8