Bank of England should become more like the Fed to stem bond losses, Barclays says Economics The Treasury is having to shoulder heavy losses from QE, which is attracting a lot of political attention given the parlous state of the public finances.
Brits flock to cash ISAs as tax hikes bite Personal Finance Households deposited £4.2bn into cash ISAs during May, the highest figure for the month. It followed a record-breaking April, which saw a net inflow of £12.3bn.
FTSE 100 today: London markets to open lower on weak Asian cues, focus on elections Markets Asian markets mixed amid Trump re-election speculation, yen near 38-year low; Eyes on French election deadline and US Jolts.
UK mortgage market still ‘precarious’ amid uncertainty over timing of interest rate cuts July 1, 2024 Tom Cuppello, director of risk at Broadstone, said the housing market's recovery remained "precarious" amid uncertainty over the timing of interest rate cuts.
FTSE 100 today: London markets to trade cautiously ahead of July 4 election July 1, 2024 Asian stocks mixed, euro strengthens on French election, yen weakens post-Japan GDP downgrade; focus on French, UK elections, US jobs data.
FTSE 100 today: London markets to trade cautiously ahead of US PCE inflation June 28, 2024 Asian stocks rose ahead of US inflation data; the yen fell to 161/$, London markets eye UK Q1 GDP for direction.
‘Market prices vulnerable to sharp correction,’ Bank of England warns June 27, 2024 The Bank of England has warned that investors are only focusing on good economic news, sending up asset prices and raising the risk of a “sharp correction” in the future.
FTSE 100 today: London markets set to extend losing streak for third consecutive day June 27, 2024 Asian stocks fell and the yen slump triggered market intervention alerts. All eyes are on US economic data and the Biden-Trump debate.
Nearly 60 Bank of England staff accept offers to relocate for work in Leeds June 26, 2024 Nearly 60 workers at the Bank of England have accepted offers to work at the central bank's expanded office in Leeds.
FTSE 100 today: London markets set for muted open ahead of US PCE inflation June 25, 2024 Asian markets quieted post-Wall Street tech sell-off, with Nvidia falling 6.68 per cent. All eyes are on US house price data and Fedspeak.