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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German financiers less concerned about Brexit fallout

August 16, 2016

Confidence in Europe's largest economy has bounced back after a sharp fall in the immediate aftermath of the UK's shock vote to leave the EU. The ZEW economic indicator – one of the leading gauges of optimism among German investors – climbed to 0.5 in August from a reading of minus 6.8 straight after the Brexit vote. Positive [...]
Sterling soars as UK inflation hits 20-month high after Brexit vote

August 16, 2016

The pound has jumped this morning after figures showed prices in the UK are rising at their fastest rate since the end of 2014. Inflation came in at 0.6 per cent in July on the consumer prices index (CPI), ahead of expectations and up from a rate of 0.5 per cent in June. Sterling charged [...]
Misery for commuters with 1.9 per cent fare rise as inflation jumps after Brexit vote

August 16, 2016

Rail fares will rise by an average of 1.9 per cent next year as inflation has jumped in the first full month after the EU referendum. The consumer prices index (CPI) came in at 0.6 per cent for July, according to the Office for National Statistics (ONS). This was up on the 0.5 per cent [...]
Resolution Foundation argues Brexit won’t solve the low-skilled pay squeeze

August 16, 2016

Reducing levels of migration will do little to end the pay squeeze for low-income workers, new research by a leading think tank has found. A report published today by the Resolution Foundation claims while net migration has reduced earnings for some people in the UK, a tighter, post-Brexit clampdown on the numbers of people coming [...]
London has the worst debt crisis in the UK

August 16, 2016

Londoners have the most severe debt problems of anybody in the country, according to a leading debt advice charity. StepChange said those living in the capital were more likely to be behind on their monthly payments and typically had higher levels of borrowing than those across the rest of the UK. The findings comes in a [...]
Bank of England prepares for crucial QE test

August 15, 2016

All eyes will be on Threadneedle Street tomorrow afternoon as the Bank of England gears up for its next bond-buying mission. To the market's surprise, the Bank of England could not find enough willing sellers of long-term government debt on the open market last week, leading to the first ever time when the Bank was [...]
JP Morgan thinks the Brexit bounce is here to stay

August 15, 2016

A leading investment bank expects UK shares to outperform over the rest of the year, as it sees no reason to fear the Brexit bounce is coming to an end. In a particularly bullish note, JP Morgan said today the FTSE 100 is one of the best buys around for investors as the UK is still "cheap" [...]
Sorry, holidaymakers: Sterling hits three-year low against euro

August 15, 2016

Sterling has plummeted to a three-year low against the euro today ahead of a big week of post-referendum data. The pound slipped a further 0.5 per cent in the first hours of the week, standing at €1.1517 at lunchtime – its lowest level since August 2013. The €1.15 mark is thought to be a crucial psychological barrier [...]
FTSE 350 directors sell £10m of shares on Brexit bounce

August 15, 2016

The bosses of the UK's largest listed firms may be losing confidence in the post-Brexit stock market rally, according to fresh data on insider dealing. Directors at FTSE 350 firms sold £10.5m worth of shares in their own companies in the final days of July and first weeks of August, according to financial data firm Olivetree – [...]
Japanese economy grinds to a halt in second quarter with zero growth

August 15, 2016

Japan has been confronted with a familiar foe this morning, as its economy recorded zero growth in the second quarter of the year. Despite intervention from government and a looser monetary policy, Prime Minister Shinzo Abe was unable to heave the world's third largest economy into action, with GDP growth coming it at zero per cent [...]

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By: Jake Cordell

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