Bailey attempts to quash inflation fears July 1, 2021 Andrew Bailey has reiterated that the Bank of England is not concerned about the recent surge in inflation, attempting to quash mounting concerns that price rises may soon spiral out of control. Speaking at his annual Mansion House speech, the Governor of the Bank of England moved to temper fears that prices in the UK [...]
Should EM investors be worried about tapering? June 30, 2021 In our latest Economic and Strategy Viewpoint we brought forward our expectations for Federal Reserve (Fed) policy tightening. We still think that the current bout of inflation in the US will prove to be largely transitory. However, the strength of the US economic recovery means that we now expect underlying price pressures to build next year such [...]
Haldane: Inflation will reach four per cent this year June 30, 2021 The Bank of England’s outgoing chief economist has warned that UK inflation could surge to four per cent this year. Andy Haldane said in a speech today that he expects “UK inflation to be nearer four per cent than three per cent. This increases the chances of a high inflation narrative becoming the dominant one, a [...]
Eurozone inflation falls in June June 30, 2021 Eurozone inflation fell in June driven by a reduction in oil price rises, show new figures published today. Inflation in the 19 countries sharing the euro inched down to 1.9 per cent in June from two per cent in May, according to Eurostat, the statistical office of the European Union. However, analysts have warned that [...]
FTSE 100 climbs despite mounting concerns over Delta variant June 29, 2021 London’s FTSE 100 climbed on Tuesday despite mounting concerns over the spread of the Delta variant of coronavirus. The capital’s premier index rose 0.39 per cent to 7,100 in afternoon trading. The gains come as data from the Bank of England shows households recorded positive net consumer borrowing for the first since August, fuelling hopes [...]
Consumer credit borrowing exceeds repayments for first time since August June 29, 2021 Households borrowed more in consumer credit than they repaid in May for the first time since August, according to Bank of England data published on Tuesday. Net consumer credit was £280m in May, reversing a trend seen throughout the majority of the pandemic as households reined in spending whilst the economy was shuttered. The positive [...]
England will beat Germany 2-1 tonight and make it to Euro 2020 final, analysts predict June 29, 2021 England will take down Germany in tonight’s match, and even make it to the Euro 2020 final, according to analysts at Goldman Sachs. The Germans will be hoping for a repeat of their famous victory over England in the semi-final of Euro 1996, but Goldman Sachs’ analysts do not see it happening. After sneaking into [...]
Accounting watchdog opens probe into Greensill auditor June 28, 2021 The UK’s accounting regulator has opened an investigation into the auditor of collapsed supply chain finance firm Greensill. The Financial Reporting Council (FRC) today said it had launched a probe into Saffery Champness for its audit of Greensill’s financial statements in 2019. It will also scrutinise PwC over its 2019 audit of Wyelands Bank, which [...]
32 reasons not to invest in the stock market June 28, 2021 Wars, disasters, economic strife, political instability and now a pandemic – the last four decades have challenged and affected people’s attitude towards investing. In many cases they make an already tough decision to commit your money to investments even harder, leading some to not invest at all. Behavioural scientists have a name for this: loss [...]
Goldman Sachs analysts: England will beat Germany in Wembley showdown and progress to final June 25, 2021 Analysts at Goldman Sachs have predicted that England will beat Germany in their crunch Euro 2020 last-16 match at Wembley on Tuesday. After sneaking into the second round following a 2-2 draw against Hungary on Wednesday night, Germany will face England for a place in the quarter-finals. The Germans will be hoping for a repeat [...]