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interest rates

  • UK business output jumps to highest level in two years as further rate cuts expected

    August 12, 2024

    UK business output has jumped to its highest level in two years, according to a closely-watched survey, as the expectation of more interest rate cuts provide optimism for the coming months.

  • Shawbrook: Underlying profit dips as challenger bank’s margins narrow

    August 8, 2024

    Challenger bank Shawbrook has reported a dip in underlying profit for the first half of 2024 as looming interest rate cuts from the Bank of England narrowed its lending margins.

  • Treasury’s QE bill might reach £95bn, Bank of England estimates show

    August 6, 2024

    The latest estimate, released today by the Bank of England in a quarterly update, is a slight increase on the Bank’s previous upper estimate of £85bn. 

  • US recession fears ease but markets remain firmly in the red

    August 5, 2024

    US stocks cratered on Monday as the prospect of a recession in the world's largest economy spooked investors across the globe and tech giants were hit by a mass sell-off.

  • FTSE 100: London stocks jump and pound slides after Bank of England cuts interest rates

    August 1, 2024

    London stocks jumped this afternoon and the pound hit a one month low after the Bank of England moved to scale back interest rates from a 16-year high at its latest monetary policy meeting.

  • Eurozone inflation rises unexpectedly but September rate cut still on

    July 31, 2024

    Figures released today showed that prices rose 2.6 per cent in July, ahead of the 2.5 per cent expected by economists.

  • Taylor Wimpey: Housebuilder suffers dent to profit ahead of planning reform

    July 31, 2024

    Housebuilder Taylor Wimpey suffered a dent to revenue and profit in a set of half year results in which it hailed the new government's "recognition" of planning laws as being a "major barrier" to housebuilding.

  • Mortgage market treads water before of Bank of England interest rate decision

    July 29, 2024

    Bank of England data showed that the number of mortgage approvals, which indicate future borrowing, remained broadly steady in June at just under 60,000.

  • Yorkshire Building Society sees profit fall as rate tailwind eases

    July 25, 2024

    Profit fell at Yorkshire Building Society as margins in the mortgage market were compressed by the plateau in interest rates. In the first six months of the year, the building society’s pretax profit fell to £158.1m from £180.6m in the same period last year. The fall in profit was largely due to lower net interest [...]

  • The UK economy has defied gloomy expectations. Can this continue?

    July 25, 2024

    The UK economy has surprised pundits again and again this year, growing at a much faster rate than almost anyone had expected.

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