Pound on track for worst month since mini-budget as traders rein in bets on rate hikes September 26, 2023 The pound is on track for its worst month since Liz Truss' disastrous mini-budget as traders rein in bets on how high interest rates will go in the UK.
Oil prices hold firm as Russia puts more pressure on supplies September 25, 2023 Oil markets have stabilised in this morning's trading, with consolidating historic price gains on both major benchmarks.
Copper prices slide as waning demand in China causes stocks to rise September 24, 2023 Copper prices have dipped despite hopes of rebounding demand in China, as its economy recovers from the pandemic.
Wall Street suffers more pain at end of worst week in six months September 23, 2023 Wall Street wheezed to more losses on Friday as it limped to the end of its worst week in six months. The S&P 500 slipped 9.94 points, or 0.2%, to 4,320.06 after a late-day swoon erased a modest gain it had held for most of the day. It capped an ugly slide caused by Wall [...]
Gazumping and you: How to avoid being gazumped on your dream home September 22, 2023 Moving house is rated as one of the top three stressful events in life, alongside death and divorce, heaven forbid. Just when you thought it couldn’t get any worse, along trundles the devilish duo of gazumping and gazundering. Derived from the Yiddish word “gazumph” (to overcharge or cheat) these twin horsemen of the property apocalypse [...]
Wall Street: US stocks plunge on fears that interest rates will stay high September 22, 2023 Wall Street fell sharply in an ugly day for stocks worldwide on expectations that US interest rates will stay high well into next year. The S&P 500 lost 1.6 per cent for its worst day since March. That followed a drop of 0.9 per cent from Wednesday after the Federal Reserve indicated it may cut [...]
Bank of England leaves interest rates on hold after August inflation surprise September 21, 2023 The Bank of England hiked interest rates by 25 basis points.
Bitcoin dips marginally on Fed’s hawkish statement September 21, 2023 Bitcoin is down marginally by 0.4%, again circling the $27k-level this morning, while Ethereum's Ether is down 0.9%, trading for $1,619.
FTSE 100 close: Pound slumps after Bank of England leaves interest rates on hold while Ocado plummets September 21, 2023 The blue-chip FTSE 100 dropped 0.37 per cent to trade at 7,703.03 while the mid-cap FTSE 250m index fell 0.42 per cent to hit 18,632.97.
The Fed holds rates: Now it’s the Bank of England’s time to decide September 21, 2023 The City is split on whether surprise inflation data gives Threadneedle Street cover to pause its rate hike cycle later today