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The Bank of England on October 30 published its monthly Decision Maker Panel, giving fresh insight into UK firms’ price and wage expectations ahead of the Monetary Policy Committee meeting on November 5. The data will factor into the BoE’s assessment of inflation persistence and the timing of further interest rate increases.
The pound eased on Monday as traders trimmed positions ahead of the government’s Autumn Budget set for Wednesday, with markets cautious about fiscal plans, gilt issuance and the Bank of England policy outlook.
The International Monetary Fund raised its forecast for UK growth in 2026 to 1.3 percent on October 14, 2026, citing stronger-than-expected activity this year, but cautioned that higher energy costs and rising interest rates could slow expansion next year, a development that complicates Chancellor John Healey’s plans ahead of the October 28 budget.
HSBC is reported to be planning sweeping job cuts across its UK wealth management arm, cutting around half of management and specialist roles and up to 70 percent of financial adviser positions as it shifts to AI-driven client servicing. The move deepens questions about the future of advice jobs, regulatory oversight and the structure of Britain’s wealth sector.