UK interest rates could rise soon despite BoE vote to hold steady
All members of the Bank of England’s Monetary Policy Committee voted to keep interest rates at 0.5 percent on July 8, including Martin Weale...
UK government borrowing dropped to record low in June
UK government borrowing dropped in June to the lowest level for the month in seven years, suggesting that the recent economic recovery is helping...
Martin Wheatley standing down as head of FCA
There is now a global search for a new head of the Financial Conduct Authority (FCA) after it was announced that Martin Wheatley will...
FTSE 100 ended higher on Wednesday, closes at 6,753.75
The FTSE 100 ended slightly higher on Wednesday after a small drop in morning trade.
Despite concerns about developments in Greece, the benchmark index gained...
UK inflation dropped to zero in June
UK inflation dropped down to zero again in June, suggesting that the Bank of England will wait a while before raising interest rates.
According to...
FTSE 100 surges on news of a Greek bailout deal
Markets across Europe rebounded on Monday on news that EU leaders agreed on a deal for a Greek bailout.
The UK FTSE 100 index climbed...
US mortgage rates drop amid global uncertainty
Mortgage rates in the US dropped this week amid uncertainty in world financial markets.
The 15-year fixed average rate dropped to 3.20% from 3.24% the...
UK trade deficit drops to lowest level in nearly two years
The UK’s trade in goods deficit fell to the lowest level in almost two years in May as ship imports and material manufactures dropped...
US economy gained 223,000 new jobs last month
The US economy added 223,000 new jobs last month, according to the latest Labor Department report.
However, wages remained flat, a sign that consumer spending...
IMF warns against US Fed hiking rates this year
The International Monetary Fund (IMF) warned against the US Federal Reserve hiking interest rates this year.
The IMF recommends waiting for “clear signs of wage...