Eurozone inflation has hit a new record after Eurostat reported prices jumped by a record 10.7% in October and separate data showed the bloc's economy grew faster than expected in the third quarter.
October 31,2022
London remained the world's top foreign exchange spot and currency trading capital by a long shot in the triennial Bank for International Settlements survey for April 2022 but lost some of its market share to financial centres in the United States and Singapore along the way.
October 28,2022
The U.S. economy returned to growth with a third quarter performance that lifted it out of a technical recession but it still has to contend with a number of growing headwinds including the effect of Federal Reserve (Fed) interest rate policy, making a renewed slowdown highly likely for the months ahead.
October 27,2022
Government borrowing rose by just less than one percent of economic output in September, according to Office for National Statistics data released on Friday, although some economists say the data was not quite as bad as it appeared.
October 21,2022
The dramatic plunge in sterling and UK gilt prices following Kwarteng’s unsupported tax cuts announcement drew many to radical conclusions.
October 19,2022
UK inflation could be around five percent higher than otherwise from April 2023 if the latest Chancellor's plan to means-test access to the government's Energy Price Guarantee goes ahead, according to Pantheon Macroeconomics, as this would see further price increases passed on to households.
October 19,2022
The Bank of England will not have to raise interest rates as high as previously feared following the recent interventions by the UK's new finance minister.
October 17,2022
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