The latest round of S&P Global PMI Surveys of manufacturing and services sectors suggested on Friday that UK and Eurozone economies may already have entered recession in the third quarter of the year if analyst and economist readings of the data are anything to by.
September 23,2022
The Bank of England raised Bank Rate by half a percentage point for a second time in September but warned that it could "respond forcefully" to anything that threatens to lift inflation further and since then there have been significant government policy announcements, some of which may matter to the BoE.
September 23,2022
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
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