Sluggish growth is the price we will pay for halving inflation November 6, 2023 Karl Otto Pöhl, the former President of the Bundesbank put it best: “Inflation is like toothpaste. Once it’s out you can hardly get it back in again.”
Traders to focus on Powell, Bailey and Lagarde speeches this week November 5, 2023 Investors this week will hone in on speeches from some of the world's most important central bankers in what is set to be a much quieter week for markets.
London FTSE 250 closes out stellar week as firms rise on Bank’s interest rate hold November 3, 2023 London’s FTSE 250 has surged to its best streak all year as markets reacted positively today to the Bank of England’s decision to hold interest rates at 5.25 per cent.
Bank’s Huw Pill: inflation won’t necessarily fall fast as demand slows November 3, 2023 Meanwhile, Jeremy Hunt said on Friday that the government would carry on working with the Bank over the central bank's sales of its massive bond-buying purchases.
Oil heads for weekly loss as Israel-Hamas war risk premium wanes November 3, 2023 Both benchmarks gained more than $2 a barrel on Thursday, but were on track to lose up to 3% on the week.
Sterling climbs to three-week high on interest rate call and US job slowdown November 3, 2023 Sterling picked up ground against the dollar also after data showing U.S. job growth slowed more than expected in October
London ‘clearly in depths of a rent crisis’ as 77 per cent of properties see price rise November 3, 2023 The ONS said prices had risen by 10 per cent or more for around one in five properties across England and Wales, but London was by far the worst hit.
FTSE 100 close: London dips after disappointing US jobs data while 250 continues strong run November 3, 2023 FTSE 250, which is an index more aligned with the UK domestic market, was one cent up following the open, sitting handsomely at 17,945.48.
Why did the Bank of England opt for a ‘hawkish’ hold despite bleak growth outlook? November 2, 2023 Although markets were certain that the rate would be held at 5.25 per cent, the Bank's hawkish tone caught them by surprise.
Big Four banks bag extra £6.5bn from past interest rate hikes amid profiteering concerns November 2, 2023 The UK’s four biggest banks have collectively made an extra £6.5bn this year off the back of past interest rate hikes, says new analysis.