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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Latest CBI retail survey another sign of post-referendum resilience

August 25, 2016

A new survey from the CBI has shown retail sales smashed expectations in August and shopkeepers expect the good news to keep on coming, in yet more evidence UK consumers are shrugging off Brexit fears and splashing the cash this summer. The number of retailers saying volumes were better this month than they were last year stood [...]
May under pressure to ditch target as net migration still above 300,000

August 25, 2016

Theresa May has come under fresh pressure to scrap her target to cut migration as the latest figures showed net migration is still running at more than three times the government's official "tens of thousands" target In the year to March 2016, net migration – the difference between the number of arrivals and departures – came in at 327,000 [...]
Theresa May warned lower migration could trigger recession

August 25, 2016

The prime minister has been warned cutting migration could push the UK into recession and trigger a prolonged economic slowdown. As new figures are set to show net migration still running at more than three times the government’s “tens of thousands” target, experts lined up to slam Theresa May’s commitment to cut the number of new [...]
Sterling on the front foot as Jackson Hole approaches

August 24, 2016

Sterling picked up a gear yesterday as the timing of a US interest rate rise was under the spotlight ahead of the annual central bankers’ Jackson Hole meeting. The pound rose to $1.3226, up 0.2 per cent before the gathering in Wyoming kicks off tomorrow evening. Fed chair Janet Yellen could use her speech on [...]
The first £10bn: Mark Carney’s quantitative easing lurches on with successful bond purchases

August 24, 2016

The Bank of England flexed its muscles in the bond market today, sending prices down and easing the pressure on the scramble for yield. In its final bond-buying mission of the week, the Bank bought £1.17bn worth of medium-term government debt and found more than three times the number of willing sellers as it needed. The successful auction [...]
UK banks’ share prices set new post-referendum highs

August 24, 2016

Shares in UK banks are standing at a post-referendum high after a string of encouraging economic data has restored confidence in the health of the sector. Lenders with big domestic footprints were hit hard in the days after the 23 June referendum. Share prices fell by as much 40 per cent. Both Barclays and RBS suffered the [...]
Londoners – and men – think they are worth more than everybody else

August 24, 2016

Londoners think they are worth twice as much as everybody else, according to innovative new research. Pollsters Opinium surveyed 2,000 people across the country for insurance group LifeSearch to find out how much people think their assets are worth, combining this with their average annual salary and the financial value they place on their out-of-work activities such as [...]
Euro edges down as German GDP growth slows in the second quarter

August 24, 2016

The German economy slowed in the second quarter, but its budget surplus jumped in good news for Angela Merkel ahead of next year's crucial elections. The euro fell slightly against the dollar, down 0.3 per cent to $1.1276 in early trading, after statistics body Destatis showed growth had fallen to 0.4 per cent, down from 0.7 per cent [...]
The 52 per cent: Most households worried about Brexit hit to finances

August 24, 2016

More than half of working-age households are worried about how the EU referendum result will affect their personal finances, new research has found. The quarterly disposable income index, published by Scottish Friendly and think tank the Social Market Foundation, showed that while households had more spare cash than three months ago, they are also concerned [...]
Financial markets rattled by Bank’s Brexit Bazooka

August 23, 2016

The Bank of England's latest bond-buying spree has rattled financial markets by stoking fears that the massive £70bn post-referendum rescue package could be overshooting its mark. Threadneedle Street was forced to pay a premium on £1.17bn worth of government debt because of low market supply yesterday. This caused the going rate for UK bonds to [...]

Oil price surge pushes investors to bet against interest rate cut

Hundred cricket stake sales help Glamorgan clear debts

Psst… This is how to ski Les 3 Vallées without the crowds

By: Jake Cordell

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