Finance

Sterling soars to one year high

Sterling soars to one year high. The Bank of England’s strong hint that an interest rate rise could be sooner rather than later pushed the pound higher yesterday. Sterling continued to make gains against the dollar this morning and moved above $1.35. Its highest level since September 2016. Is a …

Finance

UK interest rate held at 0.25%

UK interest rate held at 0.25% The Bank of England (BoE) has held UK interest rates at 0.25% Interest rates could rise faster than expected after 7-2 vote to hold. Sterling The pound jumped against the dollar ($1.3280) FTSE 100 fell on the news sharply to 7316 – a fall …

Finance

Euro up against the dollar

Euro up against the dollar. The euro has been on a roll recently. This year it is up 15% against the US dollar and just a few months off a three year high. So far, the pound holds on to gains and is currently (08/09/19 AM) up against both the …

Finance

FTSE 100 & FTSE 250 quarterly re-shuffle due

FTSE 100 & FTSE 250 quarterly re-shuffle due In the latest quarterly re-shuffle of FTSE 100 companies – Provident Financial PLC and Royal Mail PLC have been relegated to the FTSE 250. Companies moving out of the FTSE 100 Provident Financial PLC (PFG) & Royal Mail PLC (RMG) have been …

Finance

US data reduces chance of early rate rise

US data reduces chance of early rate rise Recent data released from the Commerce Department shows US consumer spending rose less than expected in July. Inflation increased at its slowest rate since 2015. Investors expectations are that the Federal Reserve may delay raising interest rates until December 2017. Will they, …

Finance

Warren Buffett bargain hunt

Warren Buffett bargain hunt The billionaire investor said that he is finding it harder now to get a stock market bargain. The share price rally has made stocks less attractive. Is this comment from Warren Buffett a significant sign that prices are now too high? As the worlds greatest investor …

Finance

UK consumer credit

UK consumer credit Latest figures from the Bank of England (BoE) show UK consumer credit rose by 9.8% and is now at £201.5 billion. This figure excludes mortgage lending. That’s high, even though it was the lowest since April 2016. Debt in the UK and globally is unsustainably high! Is …

Finance

Pound vs Euro

Pound vs Euro. This week (Tuesday) we saw the pound fall to an eleven month low. Could the pound hit parity against the Euro? BREXIT indecision, slow growth, sluggish GDP, low interest rates and party political naval gazing are adding to UK woes! Will £1.00 = 1.00 euro ?? If …

Finance

Asian stocks recover as markets appear oblivious to risk

Asian Markets. Asian stocks recover as markets appear oblivious to risk. Underlying tensions remain but markets seem unaffected by the North Korean missile launch over Japan.  After falls on Tuesday, we saw a rebound on Wednesday. Japan’s NIKKEI index recovered from a four month low. South Korea KOSPI index headed …

Finance

FTSE 100 companies going ex dividend on 31/08/17

FTSE 100 companies going ex dividend on 31/08/17… G4S PLC (GFS) Croda International PLC InterContinental Hotels Group PLC (IHG) Hammerson PLC (HMSO) St James’s Place PLC (STJ)