Falling mortgage rates to provide support for house prices in 2024 December 21, 2023 Interest rates are expected to fall in the first half of next year after new figures showed that inflation dropped to 3.9 per cent in November, down sharply from 4.6 per cent the month before.
‘Expect volatility’: How will sterling perform in 2024? December 21, 2023 Traders around the world are dialling back their expectations for where interest rates will sit by the end of 2024.
How do the latest borrowing figures impact Hunt’s tax cut calculations? December 21, 2023 The Treasury borrowed £14.3bn in November, which was nearly £1bn less than this time last year but comfortably higher than economists had expected.
FTSE 100 soars to three-month high as inflation data bolsters case for interest rate cuts December 20, 2023 A sharp fall in inflation added further fuel to a Christmas rally as London's FTSE 100 closed at its highest level since 20 September on Wednesday.
Revolut reportedly set for £1.5bn in revenue on higher European interest rates December 20, 2023 Revolut is set to see revenue of more than £1.5bn in 2023, according to an investor presentation seen by Bloomberg, as the pan-European fintech receives a boost from higher interest rates.
Surprise inflation fall casts doubt on Bank of England’s interest rate path December 20, 2023 According to new figures out this morning, the headline rate of inflation fell to 3.9 per cent, its lowest level in two years.
Shares in banks and housing firms rise on sharp inflation slowdown December 20, 2023 Shares in banks and housebuilders jumped on Wednesday morning after fresh inflation data came in lower than expected, boosting hopes for interest rate cuts in the first half of next year.
Inflation falls to 3.9 per cent as lower food and petrol prices ease pressure on Bank of England December 20, 2023 The data comes amid continuing debate about when the Bank of England will start cutting interest rates.
Wage growth expected to continue in 2024 as employees hold all the cards December 20, 2023 Looking ahead into next year, Sheila Attwood, XpertHR senior content manager, data and HR insights, said wage growth would ease - but only slightly.
Bank of England to work more closely with regulator to promote key objectives December 19, 2023 "The shared aim of this MoU is to enable closer working between the parties, including the exchange of appropriate information, to assist them in discharging their statutory functions," the document said.