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Your lookahead horoscope: June 1, 2025

  The skeptics and the cynics will come up with all sorts of reasons why you should curb your enthusiasm this year but you must ignore each and every one of them. Step up to the plate and hit every pitch they throw at you out of the park. ARIES (March 21 - April 20): If you concern yourself too much with what other people think about you it will leave less time and less energy to invest in the things that really matter. Pretend you can’t hear a word your critics are saying and listen to your instincts instead. TAURUS (April 21 - May 21): Why are you looking so serious? Whatever the reason you need to lighten up a bit, because you will only make a success of what you are working on if you have a smile on your face. Good humour is essential for good results. GEMINI (May 22 - June 21): You may find it hard to put your feelings into words over the next few days but your body language will speak volumes and friends and colleagues will be left in no doubt what you think of them. Hopefull...
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Bank of England Holds Rates Steady at 5.25% Ahead of UK Election

 


The Bank of England (BoE) has maintained its main interest rate at a 16-year high of 5.25% in anticipation of the upcoming July 4 election. While some policymakers considered a rate cut, the decision remained “finely balanced.” 

The BoE’s Monetary Policy Committee voted 7-2 to keep rates unchanged, aligning with economists’ expectations. BoE Governor Andrew Bailey emphasized that it was “good news” that inflation had returned to its 2% target, but cautioned against premature rate cuts. Sterling dipped against the U.S. dollar following the announcement, and markets now anticipate an 88% chance of a quarter-point cut by September. Despite the election context, the BoE clarified that the decision was unaffected by political considerations. 

The evolving economic indicators will guide future rate decisions, with most economists expecting a cut in August. However, this timing may not benefit Prime Minister Rishi Sunak, whose Conservative Party trails the opposition Labour Party in pre-election polls. The BoE’s stance reflects the delicate balance between inflation concerns and economic recovery.

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