Santa Rally expected to bring festive joy to London’s FTSE 100 after tough year December 18, 2023 Some four in five of those polled by Interactive Investor are expecting to up their exposure to equities next year, too.
The Royal Exchange gets sprawling new restaurant from former Quaglino’s boss December 15, 2023 A sprawling new restaurant The Royal Exchange will open in the spring
UK continues to ‘dodge recession’ as private sector growth at six month high December 15, 2023 This comes as the UK economy has been flirting with a recession for more than a year, battling stubborn inflation, high energy bills.
Make no mistake, the Bank of England is driving us into a deeper recession December 15, 2023 The Bank of England's inflexible remit is pushing the UK economy into a growth trap from which it will struggle to escape
FTSE climbs despite Bank’s wobble on interest rate cuts December 14, 2023 The FTSE 100 has climbed to its highest level for almost two months, despite caution from the Bank of England over expectations that interest rates will be slashed next year.
Why the Bank of England stayed hawkish on interest rates while the Fed was optimistic December 14, 2023 The Bank of England has taken a more hawkish stance than its US counterpart on future interest rate cuts, after opting to leave them at a 15-year high of 5.25 per cent for the third time in a row. The central bank’s Monetary Policy Committee (MPC) said “key indicators” of inflation were still elevated, despite [...]
Bank of England holds interest rates – what does it mean for mortgages? December 14, 2023 The Bank of England has held interest rates at 5.25 per cent for the third time in a row, offering a glimmer of hope for the mortgage and property market. Steve Seal, chief of Bluestone Mortgages, said that today’s decision to leave rates untouched will be welcomed by “would-be and existing borrowers, who have felt [...]
Bank of England holds interest rates despite some policymakers voting for further hikes December 14, 2023 The Bank of England has left interest rates on hold at 5.25 per cent for the third time in a row. The move was in line with economists' expectations.
Happening today: Bank of England expected to hold interest rates December 14, 2023 The Bank of England is expected to hold interest rates for the third time in a row, as fresh data has pointed towards potential cracks in the economy. Today, its Monetary Policy Committee (MPC) will meet for the final time this year to vote on interest rates – which help dictate mortgage rates set by [...]
Federal Reserve hold rates for third time but hints at future cuts December 13, 2023 The US Federal Reserve has kept interest rates on hold for a third time in a row, as “inflation has eased over the past year but remains elevated”. The announcement from the Federal Open Market Committee (FOMC) today sees the federal funds rate remain between 5.25 per cent and 5.50 per cent, its highest level [...]