Cable drops as UK economy contracts City Talk The UK economy contracted by 0.2 per cent in the second quarter of the year, its worst performance since 2012. Figures from the Office for National Statistics showed the surprise contraction, which was significantly lower than the flatline economists expected. It also follows strong growth of 1.8 per cent seen in Q1. “PMI data had [...]
Preview: Apple Q3 Earnings City Talk We’re deep into earnings season and there’s one company that everyone will be watching this week. Apple will announce its Q3 earnings after the market closes today, and there could be a mixed bag. Revenue fell at the tech giant in the first two quarters of this fiscal year, and the firm was hit with [...]
Could this be the biggest monetary policy meeting in years? City Talk The Federal Open Market Committee (FOMC) begin a two-day policy meeting today, the results of which are the most hotly anticipated in a long time. The market consensus is they’ll cut rates, but how likely is that? Stocks are currently at record higher, based on a certainty that short-term interest rates will be cut for [...]
Does Boris mean bad news for cable? July 23, 2019 Johnson and Hunt are waiting to see which of them will be the next Prime Minister of the UK. Tory members voted for the next leader yesterday, with the winner expected to be announced this morning. The outcome of the Tory leadership contest will decide who will lead the UK in its exit from the [...]
Retail Sales Hit by Biggest Slump on Record June 4, 2019 Retail sales have taken a dramatic tumble in May, as already challenging retail conditions are set against a background of Brexit uncertainty. In total, sales for May declined by 2.7 per cent, the biggest drop since the British Retail Consortium (BRC) started the monthly survey 24 years ago. Britain’s retailers are warning that the decline [...]
