Bank of England’s Haskel prefers holding rates on back of ‘tight’ labour market July 8, 2024 A Bank of England rate-setter said he would prefer to leave interest rates on hold to ensure the surge in inflation has been decisively tamed.
Labour market continues to ease but pay growth accelerates, survey shows July 8, 2024 The latest survey from KPMG and the Recruitment and Employment Confederation (REC) showed that starting salary inflation for permanent roles increased at its fastest rate for eight months.
Election 2024: What will a Labour government mean for inflation, interest rates and mortgages July 5, 2024 Inflation has fallen fairly rapidly over the last few months, hitting two per cent in June. As a result markets expect the Bank of England to start cutting interest rates in the next couple of months, either in August or September.
UK a ‘beacon of stability’ for markets amid boring election campaign July 4, 2024 The polls have consistently put Labour about 20 points ahead with YouGov's latest poll suggesting they are on track for the biggest majority since 1832, the year of the Great Reform Act.
August interest rate cut on a knife edge after ‘nuanced’ Bank of England survey July 4, 2024 "All told the DMP gave a nuanced signal this month," Rob Wood, chief UK economist at Pantheon Macroeconomics said.
Fall in housebuilding contributes to easing construction activity July 4, 2024 The construction sector remained in expansion in June, a closely watched survey shows, although the rate of growth eased due to a slowdown in housebuilding.
Election uncertainty knocks activity in service sector July 3, 2024 Despite the fall, June's final PMI was higher than the 51.2 recorded in the initial 'flash' estimate
Bank of England should become more like the Fed to stem bond losses, Barclays says July 2, 2024 The Treasury is having to shoulder heavy losses from QE, which is attracting a lot of political attention given the parlous state of the public finances.
Brits flock to cash ISAs as tax hikes bite July 2, 2024 Households deposited £4.2bn into cash ISAs during May, the highest figure for the month. It followed a record-breaking April, which saw a net inflow of £12.3bn.
FTSE 100 today: London markets to open lower on weak Asian cues, focus on elections July 2, 2024 Asian markets mixed amid Trump re-election speculation, yen near 38-year low; Eyes on French election deadline and US Jolts.