First-time buyer price inflation nears 10 per cent as London house prices shoot past £500k November 6, 2021 First-time buyer annual house price inflation is now at a five-month high, at 9.2 per cent, and has pushed ahead of the equivalent measure for home movers, at 8.1 per cent, according to property experts. In London, the average house prices have shot passed £500k. The average UK house price hit a record high of [...]
Firms hike pay at record print to lure workers amid labour squeeze November 5, 2021 Businesses are being forced to hike pay at the fastest pace on record to lure talent amid severe worker shortages. Hot competition for fresh staff, compounded by a paucity of available candidates, has led to employers raising starting salaries at the steepest rate since records began, research by KPMG and the Recruitment and Employment and [...]
Bitcoin isn’t boring – it’s consolidating! November 5, 2021 The price of Bitcoin has been tightly range bound since around October 21, but the significance of this should not be underestimated.
Bank of England boss Bailey rebuffs claims he ‘bottled it’ on interest rate call November 5, 2021 The Governor of the Bank of England Andrew Bailey has pushed back on criticism that he talked up a interest rate rise, then failed to follow through. Bailey denied the Bank of England “bottled it” yesterday, adding: “We expect interest rates to rise and we are very clear”. The pound sank against the dollar yesterday [...]
Markets: BT helps FTSE power ahead as pound sterling slips November 5, 2021 The FTSE 100 was sitting in the afterglow of the Bank of England’s rate call and was also boosted by BT group this morning, pushing it up 0.4 per cent to 7,304. The FTSE 250 meanwhile was also up 0.4 per cent to 23,564. Pound sterling fell further against the US dollar, down to $1.346 [...]
Bank of England boss Bailey rebuffs claims he ‘bottled it’ on interest rate call – CityAM : CityAM November 5, 2021 The Governor of the Bank of England Andrew Bailey has pushed back on criticism that he talked up a interest rate rise, then failed to follow through. Bailey denied the Bank of England “bottled it” yesterday, adding: “We expect interest rates to rise and we are very clear”. The pound sank against the dollar yesterday [...]
Editorial: Bank marched markets up the hill – it can’t be angry they were disappointed they were told to go back November 4, 2021 Bank of England governors have a recent history of not always delivering it comes to guidance. Famously, former Bank chief Mark Carney was labelled an “unreliable boyfriend” for routinely failing to deliver on his words. Current boss Andrew Bailey seems to be eyeing up Carney’s crown after the Bank yesterday decided to hold rates at [...]
Property developers shares lift after rates held November 4, 2021 Property firms and house builders’ shares have surged following the Bank of England announcing it will hold rates at the same level. The country’s largest commercial property development company Land Sec has seen shares lift by just under four per cent, following the news. What’s more, developer British Land saw shares rise by more than [...]
Bank of England leaves rates at record low despite expecting persistent inflation spike November 4, 2021 The Bank of England today decided to scupper a flurry of bets on interest rate hikes and leave them unchanged at a record low. Despite mounting speculation from financial markets, economists and experts, the Old Lady left interest rates at 0.1 per cent and will see through the final leg of its QE programme. The [...]
Pound drops against dollar as Bank of England keeps interest rate at record low November 4, 2021 Pound sterling has fallen by almost one per cent against the dollar to $1.36 after a shock decision by the Bank of England to hold rates at 0.1 per cent. It fell similarly against the Euro by 0.51 per cent to €1.172. The market movements follow the surprise decision by the BoE to leave interest [...]