The UK government appeared to exacerbate losses for markets in London on Friday following a budget-like announcement from Chancellor Kwasi Kwarteng that has drawn much comment from economists, analysts and others.
September 23,2022
UK government bond yields rose by double-digit percentages in some cases on Friday as the sovereign debt market responded to a budget-like announcement from Chancellor Kwasi Kwarteng, which is expected to see the government seeking to raise around £234.1BN from the markets this year.
September 23,2022
The Bank of England (BoE) lifted Bank Rate by half a percentage point for a second consecutive occasion in September in what may have been a surprise decision to anybody whose own expectations were guided by an oft-cited but also widely misunderstood Overnight Indexed Swap (OIS) market.
September 22,2022
U.S. interest rates were raised by three quarters of a percentage point for a third consecutive occasion in September while the Federal Reserve (Fed) also lifted its forecasts to suggest that significant further increases are still likely up ahead, with the Fed Funds rate seen rising above 4.5% at some time next year.
September 22,2022
"Right now though, those already on the property ladder are generally better off staying put rather than moving or re-mortgaging."
September 21,2022
The UK government has announced "unprecedented" support for UK businesses as it limits the cost of fuel bills in a move that will underpin economic growth but materially raise the country's debt burden.
September 21,2022
Some measures of UK inflation have continued to head in the wrong direction for the Bank of England (BoE) and in this context the details of its latest Inflation Attitudes Survey could be of significant concern to members of the Monetary Policy Committee (MPC) ahead of next Thursday's interest rate decision.
September 16,2022
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