Bank of England sends interest rates to 14-year high but slows hike cycle to 50 points December 15, 2022 The Bank of England today sent interest rates to their highest level since October 2008, although it slowed the pace of increases to avoid unnecessarily intensifying a looming recession by squeezing households and businesses’ finances. Threadneedle Street’s monetary policy committee (MPC) voted 6-3 in favour of a 50 basis point rise to 3.5 per cent, [...]
US Federal Reserve ushers in global rate hike slow down with 50 point rise December 14, 2022 The US Federal Reserve has tamed the pace of its aggressive interest rate hike campaign tonight, but signalled borrowing costs will eventually peak much higher than previously expected. Chair Jerome Powell and the rest of the federal open market committee (FOMC) backed a 50 basis point rise in the world’s most important interest rate, climbing [...]
CPI and the FED in focus December 14, 2022 Another interesting week in markets this time round, where it could end up being crunch time for the FED to make a decision on when these rate hikes are going to end. We’ve just had the November CPI print out of the US and have had some massive moves. Which begs the question, do the [...]
Global markets surge after US inflation data signals early Fed hike exit December 13, 2022 Global markets received a huge boost today from another positive US inflation print. London’s premier FTSE 100 index closed 0.76 per cent higher at 7,502.89 points, while its mid-cap domestically-focused counterpart, the FTSE 250 index, climbed 1.42 per cent to 19,086.29 points. The pair had been fairly muted for most of the morning session. But, [...]
US inflation falls quicker than expected nailing on slow down from Federal Reserve December 13, 2022 US inflation fell again last month to its lowest level since the end of 2021 in another sign this year’s price surge in the world’s biggest economy has passed its peak, official figures out today reveal. Consumer prices climbed 7.1 per cent over the last year to November across the pond, down from a rate [...]
Bitcoin losing its grip on $17k December 6, 2022 Bitcoin is down two percent this morning after failing to hold above the $17,000 line of resistance.
England 3-0 Senegal: Clinical Three Lions set up World Cup quarter-final with France December 5, 2022 England produced a clinical performance to eliminate Senegal from the World Cup in Qatar last night and set up a blockbuster quarter-final against holders France. Gareth Southgate’s team overcame some early jitters with two first-half goals crafted by Jude Bellingham and finished by Jordan Henderson and captain Harry Kane. Bukayo Saka added a third after [...]
Strike chaos: TSSA announces more railway staff will walk out ahead of Christmas December 3, 2022 Thousands more railway station staff are set to walk out this month, as union bosses and ministers held talks at Parliament yesterday. The TSSA union served notice for strike action in a further six train operating companies and Network Rail yesterday, meaning thousands more workers will walk out on 17 December. This takes the number [...]
Planet Crypto: Grim Reaper annoyed at ‘Bitcoin is dead’ hoax December 2, 2022 The harbingers of mischief at Planet Crypto have summoned up death itself for some comedy value this week with the Grim Reaper.
Pound hits highest level against US dollar since early August and posts best monthly gain since 2020 December 1, 2022 The pound has climbed to its highest level against the US dollar since early August driven by investors betting on slower interest rate rises across the pond. Sterling bounced above $1.22 and was up over 1.2 per cent against the dollar heading into late afternoon trading today. US Federal Reserve chief Jerome Powell last night [...]