Pressure builds on Bank of England to tackle 30-year high inflation print April 13, 2022 Pressure on the Bank of England to get serious about tackling historic high inflation intensified today as analysts warned the cost of living could reach double digits this year. Prices are already rising at the fastest pace since 1992, climbing seven per cent over the last year, according to figures released by the Office for [...]
Is the yield curve signalling recession? April 13, 2022 The US “yield curve”, or part of it, has “inverted” once more. This bond market measure has been a reliable predictor of US recessions over the last four decades. With only one exception, each time the yield curve has inverted, the US economy has entered a downturn within 18 months. What is the yield curve? [...]
Crypto expert jailed for helping North Korea evade sanctions April 13, 2022 A US crypto researcher has been jailed after pleading guilty to conspiring to help North Korea evade economic sanctions.
Price of average UK home skyrockets to £276.7k as cost of living crunch clouds home ownership dreams April 13, 2022 The average price tag of a home in the UK hit £276,755 in February, according to government figures. Rising house prices come as Brits have been forced to tighten household purse strings amid historic levels of inflation. The annual price change for a property in the UK was 10.9 per cent. The average price of [...]
As inflation pushes up prices, businesses should only hike them where it really counts April 13, 2022 Just as the impact of the pandemic was subsiding, inflation has risen to its highest rate since March 1992 – hitting 5.5 percent in January 2022. The Bank of England has projected that inflation will hit 7 percent by the spring. From freight rates to oil to furniture and groceries, prices are increasing dramatically. Many [...]
Exclusive: Circle plots sterling backed stablecoin after $400m capital raise April 12, 2022 Circle, the issuer of the world's second largest stablecoin, USDC, is expanding its UK presence after securing $400m in funding.
The City View: Victoria Scholar on rising prices, unemployment and retail sales data; and XR cause Lloyd’s of London HQ shutdown April 12, 2022 Today Andy Silvester talks to Victoria Scholar, Head of Investment at Interactive Investor. They go through some of the week’s economics data on GDP, unemployment, retail sales, and talk trading updates. They discuss the latest from ASOS, Deliveroo, and EasyJet: ASOS is facing a raft of headwinds, as investors lose confidence in the online retailer; [...]
Stateside inflation roars to highest rate since Christmas 1981 April 12, 2022 Stateside inflation has roared to its steepest level since Christmas 1981 in a sign of darker times to come for UK households, reveals official figures released today. Prices are 8.5 per cent higher than they were a year ago in the US, according to the US Bureau of Labor Statistics. The damning figures strengthen the [...]
Will Bitcoin rally to hit a new ATH of $75k in 2022? April 12, 2022 Crypto AM columnist Nigel Green predicts Bitcoin will hit an all-time high of $75,000 this year.
Unemployment drops further as UK pay falls for second month in a row amid inflation frenzy April 12, 2022 According to the Office for National Statistics, unemployment fell yet again to 3.8 per cent in February, down from 3.9 per cent. The UK employment rate was largely unchanged on the quarter at 75.5 per cent, but still sat below pre-Covid pandemic levels. The ONS’ estimate of payrolled employees for March 2022 shows a small [...]