Leadership spat sends jitters through bond markets Markets Jitters coursed through UK bond markets on Wednesday after a leadership crisis engulfing the Labour government triggered a jump in gilt yields, leading investors to warn that more political instability risked exacerbating the ‘moron premium’ applied to UK borrowing costs. Interest on 10-year gilts rose by three basis points, while the pound slumped to its lowest level [...]
Sell in May and go away: Why the old adage might be true this year Investing “Sell in May and go away, don’t come back until St Leger’s Day”. The phrase is an oft-quoted investment adage, referring to the Doncaster St Leger’s Stakes horse race in mid-September, a favourite fixture in the financial world. In the past, wealthy investors took the summer months off, causing a drop in trading activity and [...]
Tariff turmoil pushes gold to fresh high as mining stocks soar Markets The price of gold has climbed to another record high, as anxiety around Donald Trump’s tariff plan and a falling dollar push investors into the traditional safe haven asset. The price of bullion rose 1.5 per cent to break $3,200 (£2,451) per troy ounce for the first time on Friday as equities across Asia fell [...]
UK wages continue to surge as Bank of England set to decide on interest rates December 17, 2024 UK unemployment remained steady over the last three months as wage growth surged over the quarter to October. Unemployment was unchanged at 4.3 per cent for the second straight month during October, data from the Office for National Statistics revealed. The number of people claiming jobless benefits climbed by just 300 in November, beating the [...]