Fed cuts rates by 25 basis points just days after Donald Trump’s victory November 7, 2024 The decision, the second in the cutting cycle, was widely anticipated by markets and means the federal funds rate stands in a range of 4.50-4.75 per cent.
Prospect of fewer rate cuts buoys sterling and UK-focused stocks November 7, 2024 The pound and UK-focused stocks rose this afternoon after the Bank of England indicated it would take a more “gradual” approach to cutting rates in the year ahead. The Bank’s Monetary Policy Committee (MPC) voted to lower the base rate to 4.75 per cent in a widely anticipated move that follows a sharp fall in [...]
The Bank of England has a lot to be cautious about November 7, 2024 The Bank of England's latest interest rate decision could hardly have come at a busier time.
Five amazing things to do in London this weekend November 7, 2024 The weather can’t decide what to deliver us this weekend, but regardless, there’s fun to be had across the capital, whether you’re cheering on the British Olympics with a pint in hand or testing the limits of how many chicken wings you can eat a festival devoted to them.
Bank of England cuts interest rates but warns Budget will stoke inflation November 7, 2024 The Bank of England's rate decision comes just a week after the Budget.
Taylor Wimpey: Higher demand buoys sales as firm preps for planning reform November 7, 2024 After a tough start to the year, Taylor Wimpey has reported signs of improving customer demand as mortgage rates fall and affordability pressures ease. The housebuilder said it remained on track to deliver UK volumes in line with previous guidance of 9,500 to 10,000 homes and operating profit consistent with current market expectations. In the [...]
Bank of England and Fed to cut interest rates despite fiscal fears November 6, 2024 The Bank held rates at its last meeting in September, but signalled that further cuts were on the way if there continued to be progress on inflation.
Housebuilding woes ahead of Budget weigh on construction activity November 6, 2024 Having reached a 29-month high in September, S&P's construction purchasing managers' index (PMI) "slowed considerably" last month.
Column: The challenges facing Kemi Badenoch… November 6, 2024 Politicians, the public often decry, lack real-world experience. Whether it be running a business, working in healthcare, serving in the armed forces, anything that demonstrates their ‘feet on the ground’ credentials is a plus. It covers parents too. Just look at Keir Starmer’s oft-touted “toolmaker father”; Rishi Sunak, the “son of a pharmacist; and even [...]
Why the Budget complicates life for the Bank of England November 5, 2024 Just when it seemed that inflation was finally coming under control, the government has announced a big increase in public spending.