Monex Europe analysts say the Bank of England could raise rates in November in response to an energy-price shock, but the move may not support sterling because the shock is also weighing on growth. They flag continued fiscal risk ahead of the Oct. 28

2026-09-29

Monex Europe analysts say the Bank of England could raise rates in November in response to an energy-price shock, but the move may not support sterling because the shock is also weighing on growth. They flag continued fiscal risk ahead of the Oct. 28 budget; Chancellor Healy has stressed fiscal discipline but most fiscal buffers have been exhausted. Analysts say sterling faces two-way risk until the fiscal position is clarified.