Moving markets: Five things shaping the FTSE 100 today November 7, 2023 Aussie bank hike, Chinese exports fall and central bankers opine on rates: What's moving markets and the FTSE 100 today
Bank of England’s Huw Pill says interest rates unlikely to return to zero November 7, 2023 Interest rates are unlikely to return to the ultra-low levels seen during the 2010s, according to the Bank of England's chief economist Huw Pill.
Pound climbs on hopes of US rate cuts – but further progress looks unlikely November 6, 2023 Sterling has recorded a strong start to November as traders grow increasingly confident that the US Federal Reserve has reached the peak of its rate hiking cycle.
Gone smishing: Would you recognise an impostor texting you? November 6, 2023 The first warning sign was an anonymous new number being added to my Whatsapp group with my parents. I was later removed from the chat – but I was busy so I didn’t think too much about it. I started to really smell a rat when my parents’ references to bathwater reached double figures. In [...]
City regulators lay out plans for stablecoin rules in ‘global crypto hub’ push November 6, 2023 The City watchdogs have laid out sweeping plans to bring so-called stablecoins into regulation today as the UK pushes ahead with its effort to become a "global hub" for crypto.
FTSE 100 close: London markets make muted start to the week November 6, 2023 London's FTSE indexes had a quiet start to the week as investors look to build on the big gains recorded over the previous week.
Concerns over shortages keep oil prices high as Saudi Arabia and Russia stand firm on supply cuts November 6, 2023 Saudi Arabia will be responsible for additional voluntary cuts of one million barrels per day — while Russia has slashed roughly 300,000 barrels per day from its output.
New UK growth figures to ‘mark the start of a mild recession’ November 6, 2023 New figures out on Friday are expected to show that the economy contracted in the third quarter, raising the possibility that the UK is already in a recession.
Mortgage rates are dropping — could they ‘continue to edge downwards’? November 6, 2023 A managing partner at Knight Frank Finance said the below five per cent mortgage rates would help improve property market sentiment
Mortgage growth set to reach decade low as high rates drive down demand November 6, 2023 The EY Item Club predicted that net mortgage loans would grow 1.5 per cent in 2023 and two per cent in 2024, representing the lowest two-year growth in a decade.