UK consumer confidence hits three-month high but remains negative
The firm's Consumer Confidence Index was up two points to -22 in December, the highest number since September and significantly...
archiveInterest Rates
ECB holds interest rates steady: What lies ahead for Europe’s economy?
The European Central Bank (ECB) has held interest rates and said it expects inflation to decline over the course of...
Mortgages fall ahead of Bank of England’s rate decision
Aaron Strutt, of broker Trinity Financial, said lenders were passing on their falling borrowing costs – which are influenced by...
Britain at risk of being sucked into ‘spiral of debt’, says World Bank
Debt levels in other advanced economies are also ratcheting up. The International Monetary Fund recently warned that Joe Biden’s borrowing...
EU banks amass high reserves despite booming payouts
Emergency funds at EU banks remain high whilst shareholders continue to profit from high interest rates. ADVERTISEMENTCapital buffers, which are...
Dramatic collapses made 2023 the biggest year ever for bank failures
Before Silicon Valley Bank collapsed in March, it had been 28 months since a U.S. bank went up in smoke...
CBI forecasts no Bank of England rate cuts until at least 2026
In its latest economic forecasts published today (11 December), the body predicted GDP growth for the UK would average 0.6%...
Gold prices slip as dollar firms; bank meetings, U.S. data in focus
Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea, on Friday, Oct. 13, 2023. SeongJoon Cho |...
Yen falls as Japan’s negative rates expected to persist
But Bloomberg reported on Monday that BOJ officials have not yet enough evidence that wage growth is enough to justify...
Runway getting clearer, U.S. economy still not assured of soft landing
The U.S. economy can take another win with a small "W" as it looks to navigate through what had been...
