By: Jake Cordell

I'm City A.M.'s economics reporter, looking at the news, stories and data that move markets in the UK, Europe and around the globe. I also cover broader developments in the business and political worlds at home and abroad.

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Bank of England could unleash another £280bn of quantitative easing

October 4, 2016

The Bank of England could take interest rates to zero and unlock another £280bn of quantitative easing if the economy slows in the wake of the Brexit vote. In fresh analysis by Michael Saunders, the newest member of the Bank's monetary policy committee (MPC), he outlines how the Bank would respond should the economy perform [...]
Businesses have reacted horribly to Amber Rudd’s visa crackdown

October 4, 2016

Businesses have hit out at the government’s new plans to tighten visa rules for workers who come to the UK from outside the EU. Home secretary Amber Rudd told the Conservative Party Conference earlier today she is considering making it harder for UK businesses to recruit from overseas by introducing a new rigorous test to [...]
IMF steps up attacks on Donald Trump and issues fresh Brexit warning

October 4, 2016

Political risks are the greatest threat to the world economy, the International Monetary Fund (IMF) said today, in a thinly veiled attack on US Presidential hopeful Donald Trump. In its half-yearly economic outlook, the Fund downgraded its outlook for the world's largest economies over the next two years and warned a growing backlash against trade, [...]
One calculation shows both the UK and the US are in negative interest rates

October 4, 2016

Extraordinary monetary policy and the latest extension of its money-printing bond-buying programme could have taken the Bank of England's real interest rate to as low as minus 2.5 per cent. Fresh analysis by investment outfit Hermes has found that adjusting for the impact of quantitative easing on "true" central bank rates, the UK and the US [...]
Deal-making at investment banks is set to hit a 10-year high

October 4, 2016

Investment banks are eyeing up a bumper year of deal-making as activity in the money markets is set to hit its highest level in a decade. The volumes of cash flowing through investment houses in the shape of debt and capital market (DCM) activity hit $5.2 trillion (£4.1 trillion) in the first nine months of [...]
Back in business: Housebuilding jumps as Brexit fears fade

October 4, 2016

Construction activity in the UK has grown for the first time in five months as builders regain their mojo in the wake of the EU referendum. The closely-watched purchasing managers' index (PMI) for the sector came in at 52.3 for the month of September, comfortably above the 50 score which represents stagnation. It was also [...]
Gold prices hit lowest level since EU referendum

October 4, 2016

Gold prices have dipped to their lowest level since the referendum in a big morning of movers-and-shakers on the global money markets. An ounce of the yellow stuff on the spot exchange markets will set you back $1,292 this morning, down 1.5 per cent from yesterday's close. That is the lowest price for gold since the UK [...]
Fitch issues latest warning on economic damage of protectionism

October 3, 2016

The US is set to grow at its slowest pace since the financial crisis this year, as the global economy falters in the face of historically loose monetary policy and the rise of protectionist forces. Ratings agency Fitch is the latest to flag concerns over the lacklustre performance of the world's largest economy, with a hefty downgrade [...]
Election fears get the better of US manufacturers as output stumbles

October 3, 2016

The US manufacturing industry is growing at one of its slowest paces in two years, according to new data out this afternoon. The news comes as the world's largest economy approaches both the hotly-anticipated US Presidential Election and the next interest rate rise from the Federal Reserve. The manufacturing sector scored 51.5 on the closely-watched [...]
FTSE 100 smashes through 7,000 mark

October 3, 2016

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The UK’s risk aversion culture is holding back investment

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By: Jake Cordell

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