Eurozone inflation soared to 10.7% in October compared to a year ago, the highest in the currency’s 23-year history. Inflation in the U.S. was 8.2% in September, still hovering at…
Tag: Markets
Pound rebounds as ONS admits recession forecast was wrong
ghello. The pound is rallying as its early Friday rally saw it briefly erase all the losses it has suffered since Kwasi Kwarteng began his speech last Friday. It comes…
Is the UK now a buy? Analysts step in after market collapse
A security guard stands outside the London Stock Exchange building on December 29, 2020. Tolga Akmen | AFP via Getty Images UK bond markets and the pound plummeted this week…
European markets open at close, results, data and news
European stocks close slightly higher The pan-European Stoxx 600 tentatively ended up 0.3%, recovering from losses of 2% in morning trade and a choppy afternoon. The UK’s FTSE 100 rose…
Pound slumps to record low – in 6 charts – POLITICO
Currency markets reacted to new UK Chancellor Kwasi Kwarteng’s mini-budget on Friday with a rapid sell-off in sterling, sending the pound’s value plummeting against the dollar and other currencies. Markets…
Pound falls again as Bank rules out emergency rate hike
VSChancellor Kwasi Kwarteng must do more to reassure markets about his plans for the economy after the pound’s fall, a senior adviser to Liz Truss has said. Gerard Lyons, an…
Pound falls to lowest since 1985 as Kwasi Kwarteng delivers mini budget
ghello. All eyes are on Kwasi Kwarteng today as he prepares to unveil a series of tax cuts in his mini budget. Economists at the Institute for Fiscal Studies said…
Bank of England set to announce big interest rate hike – live updates – The Telegraph
Bank of England set to announce big interest rate hike – live updatesThe Telegraph What to watch for in the BOE rate decisionBloomberg Markets and Finance UK households risk £3bn…