Bloomberg The pound may have sold off into the Bank of England meeting but its recent drop is bringing back the bulls. Sterling slid almost 6 percent in the three weeks leading up to the May BOE policy announcement, as traders slashed bets on a hike in borrowing costs. Now they’ve been proven right as the central bank opted to …

Bloomberg A global squeeze on emerging market assets has forced the Reserve Bank of India to take actions that sometime appear at conflict with each other. To help cool rising bond yields, the central bank said that it will buy bonds for the first time in 18 months, infusing cash into financial markets. But that counters moves to prop up …

Bloomberg The Philippines became the latest emerging market to raise interest rates, following through with a pledge to curb inflation in a booming economy. Bangko Sentral ng Pilipinas increased the overnight reverse repurchase rate to 3.25 percent from a record-low 3 percent, it said in a statement in Manila. Thirteen of 16 economists predicted the decision, with the rest expecting …