a London-headquartered financial services company, who believe the Bank was expected to raise interest rates higher than 1.25% during the June meeting, as a means to keep import inflation in check. This is on the backdrop of a 10% year-to-date depreciation of the British pound sterling...
On 2 June 2022, the ESAspublishedfurther clarification on thedraft RTSsfor the SFDR (these were adopted by the Commission on 6 April 2022). Some of the key insights from the ESA’s statement are set out below. Use of sustainability indicators.The SFDR’s reference to “sustainability indicato...
raising expectations for when the central bank might begin trimming interest rates. Britain has weathered a number of economic hardships under the Conservative leadership, from the Covid-19 pandemic to inflationary pressures driven by Russia's full-scale invasion of Ukraine in February 2022 and ensuin...
Market betson an interest rate cut in the summer fell as a result, and it now looks unlikely the central bank will cut on June 20, its last meeting before the election. Labour is now expected to become laser-focused on slamming the Conservatives’ 14-year legacy and on their own a...
The British Retail Consortium said annual shop price inflation dropped to 4.3% in the 12 months to November, its weakest since June 2022 and slower than October's 5.2% rise. It was the sixth month in a row that the pace of price growth weakened. ...
That's the biggest month-on-month contraction since June 2022, when there was a one-off bank holiday for the late Queen's Platinum Jubilee. Chancellor Jeremy Hunt said: "The UK has grown faster than France and Germany since the pandemic and today's data shows the economy is more resilient...
This activity could feed into house prices, especially if interest rates are cut and the cost of borrowing falls later this year. A net balance of +41% are expecting an increase in house prices in the next 12 months, RICs said.
Interest rates are rising everywhere. On Wednesday, the US Federal Reserve announced its biggest increase in the benchmark Fed Funds rate since 1994, from 0.75 per cent to 1.75 per cent. The Swiss National Bank, which has been running negative official rates for about seven years, moved from...
Higher interest rates boost margins of NatWest and Barclays Aviva PLC 2,000 jobs set to be lost in Aviva’s £3.7bn takeover of Direct Line Groups agree deal to control a fifth of UK motor insurance market EY EY accused of helping UAE company defraud Spac investors ...
Markets are pricing a rise to 0.25 per cent in the base rate by December, with a further increase to 0.5 per cent by March next year. A month ago investors were not anticipating the first move from the BoE until the summer of 2022. At the end of next year, interest rates are expecte...