Markets

FTSE 100 falls Pound jumps

FTSE 100 falls Pound jumps The FTSE 100 falls back to close at: 7295 down 84 points. Perceived hawkish comments from the Bank of England helped the pound to rise on early rather than later interest rate rises. Higher inflation and UK growth are also adding to the Bank of …

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 …

News

Bank of England interest rate announcement due

Bank of England interest rate announcement due. At midday today (14/09/17) the Bank of England will announce its latest interest rate decision. The minutes from the Monetary Policy Committee meeting will also be published. Hawks or Doves to win? I will update the interest rate decision later.    

Finance

What is the relationship between interest rates, consumer spending & debt?

Interest rates, consumer spending and debt What is the relationship between interest rates, consumer spending & debt? If personal debt levels are rising to abnormal levels again and if the UK recovery is relying on the consumer to spend more – surely the UK’s low interest rate policy is simply …

Finance

£ Pound falls back

£ Pound falls back The £pound has fallen back against the $dollar to £1.31 (earlier, before the BoE interest announcement, the £pound was at $1.325). The FTSE 100 has climbed to 7450 after the Bank of England news.

Finance

UK Interest rate on hold at 0.25%

UK Interest rate on hold at 0.25% The Bank of England (BOE) holds UK interest rate at 0.25%. Growth forecast cut as economy predicted to remain ‘sluggish’.

Markets

Super Thursday

Super Thursday At midday today the Bank of England (BOE) will announce its interest rate decision, latest inflation report and release minutes of the monetary policy meeting. I don’t intend to guess the outcome – I’ll leave that to the clever guys, you know – the analysts who never get …

Finance

Interest rates low – 10 Year Anniversary

Interest rates low – 10 Year Anniversary It’s been ten years since the last UK interest rate raise. On 5th July 2007 the Bank of England raised rates to 5.75% and now, ten years later, the rate is 0.25% with the next UK rate decision due on 3rd August 2017. …

Finance

Interest rate rise due soon?

Interest rate rise due soon? Will they – won’t they? A rate rise has been on the discussion agenda for some time now. Recent comments from the Bank of England MPC have been somewhat confusing, leaving us none the wiser again. With the next policy meeting due on 3rd August …