US Healthcare Gridlock
The US dollar has fallen again following news that the Republicans have had to postpone repealing and replacing the affordable Healthcare Act or Obamacare as it has become known. Apparently, the Republicans no longer have enough support in their own party for a clear senate majority. This is yet another …
UK House price growth slows
Figures released by the Office for National Statistics (ONS) show house price growth has continued to slow – but the cost of the average UK home still increased. The average UK house price for May 2017 is £221,000
China Markets
China indexes made early losses but regained ground later. Some small-cap stocks fell by as much as 10% trading limit. Markets in Asia were generally down with the NIKKEI, Hong Kong Hang Seng and Australia’s ASX 200 all lower. This after the recent announcement of China’s GDP figures of 6.9%
UK Inflation falls to 2.6% but still above Target
UK inflation rate has fallen back from 2.9% in May to 2.6% in June. Talk was of an expected increase to 3% What will this now mean for interest rates? I assume a rate rise is less likely, but in my opinion still needed and over due! Sterling fell back …
LIBOR set to change?
Is LIBOR (London Interbank Offered Rate) – the system used to set interest rates at which banks borrow from each other about to change? The system has been open to abuse and manipulation as has been proved with more than six billion in fines issued to date and four jail …