FTSE 100 today: London markets to open higher amid firm global cues June 18, 2024 Asian stocks mirrored Wall Street's gains. Focus on US retail sales, Fed officials' speeches, UK inflation, and Bank of England decision.
Renting remains cheaper than buying in UK as mortgage rates soar June 17, 2024 The financial burden is greatest in London, where buying a house costs an additional £775 per month, or £9,300 annually, compared to renting.
FTSE 100 today: London markets set to open lower as global sentiment deteriorates June 17, 2024 Asian stocks fell due to weak Chinese data and concerns over a political crisis in France. Focus on the Bank of England's policy decision.
Bank of England to hold rates even as inflation looks set to fall to two per cent June 16, 2024 The rate-setting Monetary Policy Committee (MPC) left the door open for a June cut at its last meeting in May, but since then a number of data releases have pointed to stubborn inflationary pressures.
Bank of England to take centre stage for markets amid continuing fallout from Macron’s gamble June 16, 2024 In the last week alone BNP Paribas and Credit Agricole have lost around eight per cent while Societie Generale has lost nearly 11 per cent.
Brits have absolutely no idea where inflation is, survey suggests June 14, 2024 Rishi Sunak is keen to tell Brits inflation has fallen - but the public doesn't appear to have noticed, a new Bank of England survey suggests.
Shares in Lloyds, Natwest and HSBC jump as Reeves appears to rule out Labour raid on lenders June 12, 2024 Shares in the UK's high street banks were among the biggest risers in a wider market rally on Wednesday.
Number of borrowers behind on mortgages jumps to eight-year high June 11, 2024 Households are continuing to feel the strain from the Bank of England's interest rate hikes with the share of mortgages in arrears continuing to creep up.
August interest rate cut not a ‘slam dunk’ after ambiguous labour market data June 11, 2024 "The labour market is gradually easing," Rob Wood, chief UK economist Pantheon Macroeconomics said, but an August cut is "not a slam dunk".
Wage growth barely moves but unemployment creeps up as Bank of England considers rate cuts June 11, 2024 The figures will be closely scrutinised as policymakers at the Bank of England consider when to cut interest rates.