UK inflation fell to 9.9% in August, returning below double-digits after hitting a 40-year record of 10.1% in July. Falling petrol prices were the main driver behind the inflation slowdown, with the annual rate for motor fuels easing to 32.1% from 43.7%, as a result of petrol prices falling 14.3p per litre over the period. […]

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US inflation fell to 8.3% in August, dropping from 8.5% in July in the latest report on Tuesday. The figure marks the lowest reading in four months, however it still beat market forecasts of 8.1%. The result sent US futures tumbling as the figure confirmed fears the US Federal Reserve was set to remain on […]

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UK unemployment has fallen to the lowest rate since 1974, according to the Office of National Statistics (ONS). The level of people out of work has been on a general decline since late 2013, until the Covid-19 pandemic, which saw it rise until the end of 2020. However, unemployment has since returned to pre-Covid levels, […]

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The Sterling rose to 1.1682 against the dollar in Monday trading after analysts noted maintained hawkish sentiment from the US Federal Reserve ahead of US inflation data, which is scheduled for release on Tuesday. Disappointing UK GDP growth of 0.2% in July did little to dent the Pound’s rise versus the dollar, with Prime Minister […]

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Markets responded positively to Prime Minister Liz Truss’ energy relief plan, which promised the average household would pay no more than £2,500 per year in energy costs for the next two years. The FTSE 100 rose 0.2% to 7,254 as a long-awaited burst of optimism swept through the blue-chip index. Meanwhile, analysts braced for aggressive […]

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House prices rose 11.5% per year in August 2022, according to the latest report from Halifax. The average UK house price hit a record £294,260, raising the rungs on the property ladder further out of reach for home buyers as the cost of living crisis continued to bite. The figure represented a 0.4% rise month-on-month, […]

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The price of oil suffered a dramatic fall on demand fears, with benchmark Brent crude dropping 3.2% to $92 per barrel. The move comes on the heels of the US Federal Reserve’s hawkish interest rates stance, with the latest positive jobs report adding fuel to the fire for Fed chair Jerome Powell to hike rates […]

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Analysts marked an accelerating decline in bond markets, bringing bad news for fixed income investors in an already difficult market environment. Global bonds have lost a fifth of their value so far in 2022, with the fresh surge on US government bond yields on the back of US Fed chair Jerome Powell’s hawkish stance at […]

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Consumer purchasing power in the grocery sector has fallen approximately 9-10% since 2019, according to a recent study by TradingPedia. The study found the total price of groceries rose 22.6% between August 2019 and August 2022, against a climb of 13.5% from £538 to £611 in the average weekly earnings of all UK employees between […]

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The Pound Sterling weakened against the Dollar and the Euro after US Federal Reserve chair Jerome Powell’s comments at the Jackson Hole convention sent markets on both sides of the Atlantic into a spiral last Friday. Investors fled stocks following Powell’s confirmation of probable further interest rate hikes to tackle sky high inflation. A single […]

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Jerome Powell smashed hopes that the US Federal Reserve would take a less aggressive stance at its next interest rates decision, and said a single month of lower inflation was insufficient to decide against higher rates at the coming meeting in September. The US Fed chair confirmed long-running assumptions that higher interest rates were going […]

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The Euro took a hit as the energy crisis ravaged Europe, sending the currency down below parity with the dollar earlier today, with the Euro currently standing at 0.9974 against the US currency. The dollar strengthened on expectations that US Federal Reserve chairman Jerome Powell would be announcing higher interest rate hikes at the upcoming […]

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The UK economy contracted 0.1% in Q2 2022, coming in slightly above analyst expectations of a 0.2% shrinkage according to the ONS. However, the figure represented a dramatic slowdown against the 0.8% growth in seen in Q1. GDP contracted as a result of skyrocketing inflation, which currently stands at 9.4%, and the consequent lack of […]

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US inflation dropped to 8.5% in July from its previous figure of 9.1%, in some desperately needed good news in the gloomy market landscape. Inflation came in below the 8.7% analyst consensus as gas prices fell across the Atlantic, dragging inflation down, albeit still within a decades-long high. The gas index fell 7.7% last month, […]

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The US added 528,000 jobs in July, according to the US non-farm payroll report released today. Meanwhile, the unemployment rate fell to 3.5% across the country, coming in below the 3.6% market estimate. The Bureau of Labour Statistics also revised the growth in June to 398,000 payrolls from 372,000 and updated May’s results to 386,000 […]

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House prices have fallen for the first time since June 2021, according the latest report from Halifax. Prices dipped by 0.1% in July 2022, and the annual rate of growth eased to 11.8% from 12.5%. Halifax noted a typical UK property currents costs £293,221, representing a £365 reduction against June 2022. The tiny fall marks […]

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The Bank of England announced its decision to hike interest rates a whopping 0.5% to 1.75% in its meeting today, representing the highest level since 2009. The move comes in a bid to tackle soaring inflation, which currently stands at a 40-year record of 9.4% and was previously estimated to reach 11% in October this […]

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The housing market still has some momentum as house prices rose 11% year-on-year in their 12th consecutive month of growth, according to the latest report by Nationwide. Despite the ongoing cost of living crisis and soaring 9.4% inflation, high employment and a limited supply of homes kept prices climbing higher even amid the volatile market […]

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The US Federal Reserve hiked interest rates 0.75% on Wednesday, hitting a target range between 2.25% to 2.5% in a bid to tackle soaring inflation. US inflation reached a record height of 9.1% in June this year, ahead of analyst expectations and sparking renewed fears of a recession. Meanwhile, some market analysts expect the US […]

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The US Dollar declined from its 20-year record high in advance of the US Federal Reserve’s interest rates decision, which is predicted to see a 0.75% rise in a bid to combat soaring 9.4% inflation across the Atlantic. According to Reuters, traders are betting on a 0.75% increase with an outside chance of a more […]

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The FTSE 100 gained 0.5% to 7,343.8 in early afternoon trading on Wednesday as upbeat earning from the US and Europe helped improve sentiment. “The FTSE 100 was higher on Wednesday morning, buoyed by some positive corporate results and news from the US overnight as Microsoft and Alphabet reported numbers which were not as bad […]

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The FTSE 100 gained a 0.5% boost to 7,343.5 after a slate of positive results from the UK and US markets helped the FTSE 100 outperform European indices and US futures. “The FTSE 100 made some modest progress on Tuesday morning as earnings reports on both sides of the Atlantic turn from a trickle to […]

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The US reported 372,000 non-farm payrolls in June 2022, with the figure slightly offset by a 74,000 downward revision to the results over the past two months. Private payrolls grew by 381, while manufacturing payrolls grew 29,000. The unemployment rate remained unchanged at 3.6%. S&P 500 futures were down 0.4% to 3,889 at the time […]

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Inflation rose to a new 40-year record high of 9.1% in May, according to the latest figures from the Office of National Statistics (ONS). The Consumer Price Index (CPI) increased by 0.1% from 9% in April to 9.1% in May, with climbing food and non-alcoholic beverage prices highlighted as the largest contributor to the new […]

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The FTSE 100 closed down 0.4% to 7,014 in Friday trading, as the market continued to lose ground after a week of central bank action. UK interest rates were hiked to 1.25%, which the market had been pricing in for weeks, however the Bank’s revised inflation estimate of 11% in Q4 this year threw investors […]

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The FTSE 100 fell 2.6% to 7,081.1 in early afternoon trading on Thursday following the Bank of England’s decision to hike interest rates 0.25% to 1.25% at its meeting today, and a revised inflation estimate of 11% in Q4 2022. European markets dropped a day after the ECB’s emergency meeting, with the German DAX dropping […]

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The Bank of England announced its decision to hike interest rates by 0.25% to 1.25% at its meeting today, hot on the heels of the US Federal Reserve’s announcement yesterday that it would be raising rates by 0.75% to between 1.5% to 1.75%. The move came as no shock to the markets, which have been […]

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The FTSE 100 fell on Monday amidst a global equity selloff following a 0.3% contraction in UK GDP reported by the ONS today, and ahead of key central bank meetings this week. The UK markets were faring slightly better than other international markets, however the difference was credited to slide in the Sterling rather than […]

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UK GDP contracted by 0.3% in April, representing the second consecutive month of decline after the 0.1% fall in March, according to the latest data from the Office of National Statistics (ONS). The report confirmed services fell by 0.3% in April this year, which was the major contributor to the slide in GDP over the […]

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The FTSE 100 took a hit of 2.1% to 7,317.5 at close of trading on Friday, after US inflation was revealed to have surged to a 40-year high of 8.6% in May this year. Global equity markets sank, with the NASDAQ down 3.1% to 11,390.1, the Dow sliding 2% to 15,155.4, the German DAX falling […]

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US inflation rates hit a 40-year record high of 8.6%, representing a harsh increase from its May level of 8.3%. The rising inflation was triggered by surging energy prices, with the conflict in Ukraine continuing to drive prices to uncomfortable heights and the benchmark Brent Crude price hovering around $120 per barrel at its peak […]

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Chancellor Rishi Sunak has been accused of throwing away £11 billion in taxpayer funds by overpaying for interest servicing government debt. Recent comments by the National Institute of Economic and Social Research (NIESR) said Sunak failed to insure against interest rate growth on £900 billion in reserves created through the quantitative easing programme. According to […]

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The European Central Bank (ECB) sent a wave of relief across the markets, after the institution announced it would be raising interest rates for the first time in 11 years, with a 25 basis points hike scheduled for its July meeting after maintaining current rates throughout June. The interest rates increase is set to kick […]

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An exodus of advertising revenue from popular online companies has led to tech stocks plummeting today, as experts warn that advertisers are rolling back marketing due to less customer demand, as the cost of living continues to eat into consumer wallets. Tech giant Alphabet reported falling advertising revenue in April, with Snapchat’s CEO issuing warnings […]

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Barclays is one of the highest-performing stocks on the FTSE 100 since the Bank of England hiked interest rates to 1% in early May. As inflation looks set to hit double-digits in October this year, where are Barclays shares likely to go? Barclays shares have fallen 20.8% year-to-date, however with the rise in interest rates […]

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The Bank of England announced a 0.25% hike in interest rates to 1%, the highest rate in 13 years. The Bank of England’s nine rate-setters voted six against three to raise interest rates to the projected 1% expected by the market, as a result of 30-year high rates of inflation sweeping the UK. The three […]

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The US Federal Reserve (Fed) announced the steepest increase in interest rates in over 20 years by raising its benchmark interest rate by 0.5 percentage points, in an effort to cool the country’s skyrocketing inflation. The Federal Reserve lifted its benchmark interest rate by 0.5 percentage points to a target rate range of 0.75% to […]

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Bank of England says no negative interests rate in the near future The Bank of England today announced it will not implement a policy of negative interest rates.  Instead, following a vote by the Monetary Policy Committee, the central bank held interest rates at 0.1%.  The Bank of England’s confidence in the UK economy caused […]

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Following the first European Central Bank (ECB) meeting of 2021, the institution announced that it will be sticking to its current key rates and the scale of its Pandemic Emergency Purchase Programme (PEPP) for the foreseeable future, as the European economy continues to grapple with the impact of the Covid-19 pandemic. In what The Telegraph […]

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Members of the public gathered outside of the Bank of England on Thursday to protest the bank’s failure to back up its green recovery promises with action. Protesters amassed on Threatneedle Street as the Bank of England announced its decision on QE and interest rates, as well as its Financial Stability Report. Many were seen […]

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The UK’s annual inflation rate tumbled to a record four-year low to 0.5% in May this year, driven by falling fuel and clothing prices as demand dwindled during the height of the coronavirus pandemic. According to the Office for National Statistics (ONS), plummeting fuel prices – down 16.7% in May – pushed Britain’s Consumer Price […]

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The Bank of England have decided to cut interests rates in an emergency move to combat the current coronavirus epidemic. Legislators at the Central Bank decided to lower interest rates from 0.75% to 0.25% – a large cut considering increments are normally made in steps of 0.25% either way. The current state of affairs with […]

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The Bank of England top brass voted without unanimity to hold interest rates, in what will likely be Mark Carney’s last roll of the dice before handing over the reigns to his successor, Andrew Bailey. Despite what appeared to be mounting pressure to cut rates to support the UK economy through Brexit, today’s news reflects […]

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UK regulatory body The Financial Conduct Authority (FCA) announced on Tuesday that it is planning to ban the awarding of commission on the basis of interest rates paid by customers, in the motor finance sector. Currently, car retailers and other motor finance brokers earn commission which corresponds to the interest rates they can get their […]

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