The recent inflation increase heaped on even more misery and pressure for the public as interest rates climb yet again in an effort to curb inflation Interest rate up As UK inflationary pressure increased again, as demonstrated recently by the unexpected move up from 10.1% to 10.4% – the BankRead More →
Highest food prices since 1977 The cost of living rose unexpectedly again last month as food prices increased at the fastest rate since 1977/78 Alcohol prices in restaurants and pubs also increased, as inflation jumped to 10.4% in February from 10.1% in January year to year Clothing costs, particularly forRead More →
BoE decision After much media hype surrounding the ‘will they won’t they cut interest rate debate’, the Bank of England‘s Monetary Policy Committee – (MPC) decided Thursday 30th January 2020 to keep interest rates unchanged at 0.75% This is Mark Carney’s final rate call as the UK commences Brexit stageRead More →
UK Inflation rate falls to 1.7%. The Office for National Statistics says the Consumer Price Index for August fell from 2.1% to 1.7% The inflation rate has fallen noticeably in August down to its lowest level since late 2016. The Bank of England’s inflation target is 2% The Bank ofRead More →
Market moving daily news roundup – events & news likely to move markets 1st August 2019 Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad. This post is ongoing… Market moving news roundup, 1st August 2019 Summary Bank of England BankRead More →
Scheduled economic news most likely to move markets today Australia – consumer data – inflation and loans Germany – consumer price data due at: 07:00 (BST) UK – BoE governor speech and financial stability report due at: 11:00 & 10:30 (BST) EU – ECB monetary policy meeting accounts report dueRead More →
Sterling The value of sterling slipped Wednesday 3rd. July 2019 after the Bank of England warned that a global trade war and a no-deal Brexit were growing risks to the UK’s economy and may require a response. FTSE 100 The FTSE pushed up to touch 7620 in intra-day trading asRead More →
Interest rates for United Kingdom, United States and European Union UK interest rate: 0.75% – next update due 1st August 2019 U.S. interest rate: 2.25% 0 2.50% EU interest rate: 0.25% These interest rates will be updated monthly. How interest rates work?Read More →