Banks are becoming more discerning on consumer credit after rise in default rates. Mortgage supply and demand is stable while costs have come down. Credit demand from businesses has dipped after an unexplained rise in loan costs.
October 12,2017
Both manufacturing and construction industries showed signs of life in August while recent data has shown wages and consumer spending more resilient than first thought
October 10,2017
Beyond the third quarter, the broader trend in trade is more positive and the prospect remains that it could still add meaningfully to growth over the coming quarters.
October 10,2017
A "No Deal" WTO Brexit would mean the Pound-to-Dollar rate falls to 1.10 and the economy enters recession, contracting by 1%.
October 9,2017
Analysts at Bank of America Merrill Lynch have cut their forecasts for the UK’s economy saying a combination of interest rate rises, Brexit uncertainty and subdued consumer confidence will weigh.
October 6,2017
“We slightly favour EUR/USD climbing back to the 1.1820 area over the next 24 hours,” - ING Group
October 4,2017
The cost being placed on employers in a labour-intensive construction industry show why populist political ideology threatens jobs.
October 3,2017
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