After four holds in a row, when will the Bank of England cut interest rates? February 1, 2024 Policymakers did not answer this question directly, but they did give some guidance as to the factors at play.
Bank of England warns inflation to touch two per cent in spring – but will pick up again February 1, 2024 Inflation is expected to pick back up to around 2.7 per cent by the end of this year, remaining above target until the end of 2026.
Bank of England leaves interest rates on hold with Bailey hailing ‘good news’ on inflation February 1, 2024 The Bank of England has kept interest rates on hold for the fourth meeting in a row while policymakers pushed back against expectations of imminent rate cuts. The decision means the Bank Rate remains at a post-financial crisis high of 5.25 per cent, a level reached last August. Six members of the nine-strong Monetary Policy [...]
UK manufacturing downturn continues but business optimism hits four-month high February 1, 2024 The UK’s manufacturing sector contracted again in January, while business optimism jumped to its highest level in four months, a closely watched survey has suggested.
That’s one in the bag! UK foodtech scale-up lists in… London February 1, 2024 Low-sodium salt manufacturer Microsalt will make its debut on the London Stock Exchange’s AIM market this morning using the ticker SALT.
FTSE 100 today: London markets brace for cautious start amid weak global cues, BoE policy decision holds key February 1, 2024 Asian markets mimic Wall Street's decline while oil prices rise amid Middle East tensions. Investors await the Bank of England policy decision and focus on upcoming earnings reports from Apple, Amazon, and Meta.
Earnings watch: Apple, Amazon, and Meta reports to set market tone February 1, 2024 Earnings reports from tech titans Apple Inc, Amazon.com, and Meta Platforms Inc, slated for Thursday, are poised to steer stock movements this week.
FTSE 100 close: Bluechip index closes lower as investors await Fed’s interest rate decision January 31, 2024 London’s FTSE 100 closed in the red as investors await the latest interest rate decision from the US Federal Reserve later today, while big tech results last night soured risk sentiment. The FTSE 100 ended 0.47 per cent lower at 7,630.57 while the midcap FTSE 250 index, which is more aligned with the health of [...]
Inflation in Germany and France falls as markets look for spring interest rate cuts January 31, 2024 Inflation in Germany and France fell significantly in January, raising the chances that the ECB will lower interest rates before spring.
Central London Alliance calls on Treasury to reinstate tax-free shopping and generate an estimated £10 billion January 31, 2024 | City Talk Ahead of the budget announcement on 6 March 2024, Central London Alliance (CLA) has submitted a proposal calling for the Treasury to reinstate tax-free shopping in efforts to help the retail sector recover from post-pandemic challenges. CLA backs requests by the retailers to reintroduce the scheme allowing foreign visitors to the UK to shop tax-free. [...]