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.

All 1029 Articles

At the open: Strong FTSE 100 highlights wider Brexit fears

July 6, 2016

Financial markets appear to be getting themselves into a bit of a pattern in the wake of the EU referendum. As sterling moves one way (down, inevitably), the FTSE 100 moves in the other. This morning is no different. After a small hiccup at the open, London's leading benchmark rose 0.4 per cent to 6,570, [...]
Sterling sinks below $1.30 for the first time in over three decades

July 5, 2016

Sterling has been knocked back today, tumbling against the dollar and the euro as the ramifications of the Brexit vote continue to filter through. The pound was off by two per cent against the dollar, falling to exactly $1.2997 shortly after the London market close. It bounced after falling under the psychological barrier, climbing back to dizzy highs [...]
At the close: Sterling and stocks break apart

July 5, 2016

In yet more proof the stock markets and the UK economy don't always move in lock-step, the FTSE 100 jumped today, while the pound slumped, and signs of a post-referendum slowdown grew. The index of the UK's top 100 companies started the day down as it looked like the post-referendum bounce was drawing to a [...]
Banks agree to dish out Carney’s £150bn loan windfall

July 5, 2016

The UK's biggest lenders have agreed to dish out up to £150bn in extra loans to households and businesses after George Osborne and Mark Carney heaped pressure on them to prop up the economy after the EU referendum. This morning, Carney announced a cut to major UK banks' capital requirements which will reduce the amount of capital [...]
Carney for PM? Bank of England governor praised for Brexit response

July 5, 2016

With political crisis engulfing Westminster in the wake of the EU referendum, businesses have increasingly had to rely on other sources of authority to fill the void. David Cameron has been conspicuously absent from the big stage since he resigned in the hours after the vote, while the Conservative leadership race has hijacked much of the decision [...]
Strong demand for government debt in first post-referendum bond auction

July 5, 2016

The UK government dipped its toe back into the waters of the global debt markets today, selling £2.5bn of bonds at record low interest rates in the first auction since the referendum. The debt, which came with a five-year maturity, will yield just 0.38 per cent in a sign investors are still keen to lend to [...]
Carney loosens grip around banks and unlocks £150bn for UK economy

July 5, 2016

The Bank of England has slashed its capital requirements for UK banks, paving the way for an extra £150bn to be pumped into the UK economy, in its latest efforts to stop the UK spiralling into a post-referendum crisis. In a widely expected move, the Bank’s Financial Policy Committee (FPC) cut one of its extra [...]
At the open: Sterling sell-off starts again as weak economic data trickles in

July 5, 2016

After a week-long hiatus, sterling resumed its downwards drift again this morning, tumbling against the dollar and the euro overnight as the post-referendum rally showed signs of faltering. The pound lost 0.7 per cent against both the major currencies to stand at $1.3187 and €1.1832 as the markets opened in London. That's a fresh 31-year low [...]
Business confidence falls “off a cliff” in wake of EU vote

July 5, 2016

Business confidence has been rocked in the aftermath of the EU referendum, with the number of firms feeling down about the economy doubling in the week after the vote. Almost half of all firms – 49 per cent – told YouGov and the Centre for Economics and Business Research (CEBR) they were pessimistic about short-term [...]
At the close: FTSE 100 Brexit bounce halted on Independence Day

July 4, 2016

Profit-taking ended a remarkable winning streak on the stock markets today, as the post-referendum bull run ran out of steam and the disappointing economic data began to trickle through. The FTSE 100 closed the session down 0.8 per cent at 6,522.26, despite storming through the 6,600 barrier for the first time since August 2015 in the [...]

The Masters delivers food now, and it’s desire wrapped in identity

The Masters delivers food now, and it’s desire wrapped in identity

Barbican Centre: the brutalist landmark weaving art into everyday London life.

By: Jake Cordell

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