Home loans hit six-month high in June July 20, 2009 GROSS mortgage lending hit a six-month high in June according to data released yesterday by the Council of Mortgage Lenders (CML). Figures from the CML showed that gross mortgage lending rose 17 per cent in June to £12.3bn from £10.5bn in May, but was still 48.4 per cent lower than in June 2008. Gross lending [...]
SUMMER WILL BE CHOPPY FOR INVESTORS July 12, 2009 JANE FOLEY RESEARCH DIRECTOR, FOREX.COM THE FTSE 100 index and sterling have been trading in a similar pattern since the spring. Both the FTSE 100 and the Bank of England’s effective exchange rate – which measures movements in the pound against a basket of currencies weighted by their importance to UK trade flows – trended [...]
SUMMER WILL BE CHOPPY FOR INVESTORS July 12, 2009 JANE FOLEY RESEARCH DIRECTOR, FOREX.COM THE FTSE 100 index and sterling have been trading in a similar pattern since the spring. Both the FTSE 100 and the Bank of England’s effective exchange rate – which measures movements in the pound against a basket of currencies weighted by their importance to UK trade flows – trended [...]
Battle of Canary Wharf and City is unimportant July 12, 2009 THIS newspaper can justifiably claim to have “scooped” the news of Nomura’s plan to base its European HQ in the Square Mile – confirmed last week but trailed, I believe, in City A.M sometime before Christmas. Many commentators have characterised the news that Nomura will take up residence in Lower Thames Street as a “victory” for [...]
Battle of Canary Wharf and City is unimportant July 12, 2009 THIS newspaper can justifiably claim to have “scooped” the news of Nomura’s plan to base its European HQ in the Square Mile – confirmed last week but trailed, I believe, in City A.M sometime before Christmas. Many commentators have characterised the news that Nomura will take up residence in Lower Thames Street as a “victory” for [...]
Inflation set to continue coming down July 12, 2009 THIS week’s inflation figures – out tomorrow morning – are widely expected to show a continuation of the recent downward trend with a consensus forecast of a 1.8 per cent rise in prices year-on-year. Inflation – as measured by the consumer prices index (CPI) – is expected by both analysts and the Bank of England [...]
Inflation set to continue coming down July 12, 2009 THIS week’s inflation figures – out tomorrow morning – are widely expected to show a continuation of the recent downward trend with a consensus forecast of a 1.8 per cent rise in prices year-on-year. Inflation – as measured by the consumer prices index (CPI) – is expected by both analysts and the Bank of England [...]
First gains of the week as Alcoa boosts the markets July 9, 2009 THE FTSE 100 closed 0.5 per cent higher yesterday, ending a three-day losing streak on the back of gains in miners after reassuring earnings from Alcoa. The index closed 18.43 points firmer at 4,158.66, having fallen 1.1 per cent the previous session to its lowest closing level in more than two months. However trading was [...]
Shadow MPC calls for QE to be extended July 8, 2009 QUANTITATIVE EASING (QE) should be extended this month to ensure the sustainability of the UK’s fragile economic recovery, say a majority of City A.M.’s shadow monetary policy committee, ahead of the Bank of England decision, which is due at midday today. Concerns about the sustainability of UK’s economic recovery and the uncertainty of policy effectiveness [...]
Council of regulators led by chancellor to monitor risks to the financial system July 8, 2009 A NEW Council for Financial Stability (CFS), composed of representatives from the tripartite authorities, will be handed responsibility for monitoring emerging risks in the financial system, chancellor Alistair Darling announced yesterday. The CFS, to be chaired by Darling himself, will see figures from the Treasury, Bank of England and FSA meet regularly to discuss and [...]