This week in the UK, surveys revealed interest rates on personal loans have dropped to the lowest levels on record in the latest evidence that the cost of borrowing is continuing to fall for consumers. There has been no change to the banks 0.5%...
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29th Nov 2024 | Updated at 08:50pm 29th Nov 2024
Bank of England cut growth forecast
- 17 Aug 2017
Brexit negotiations initially got off to a shaky start as it seemed that British cabinet ministers were unable to reach an agreement on the best course of actions and the government also seemed at war with itself over the divorce terms.
Brexit deal in tatters
- 06 Dec 2017
The ongoing and tense negotiations have led to a broad agreement by the UK to a gross financial settlement of £89bn on leaving the bloc, although the British expect the final net bill to be half as much. The news brings the two sides close to agreement on a key obstacle to opening talks on a future free trade pact.
Interest rate cut reversed
- 09 Nov 2017
Sterling surges 2% against the Dollar
- 02 May 2017
Pound rebound since Brexit vote
- 07 Mar 2017
In the UK, figures released showed up the weakness in much of British manufacturing which makes up around 80% of total Industrial Production, something Chancellor George Osborne has said he wants to tackle in his budget announcement. Britain's...
- 08 Jul 2015
Prime Minister Alexis Tsipras has said Greeks made a "brave choice" as thousands celebrated in the streets after hearing the final result despite European officials warning that it could see the country ejected from the Eurozone. Greece's governing...
Over the weekend Greek banks and the stock exchange will be shut for at least a week after creditors refused to extend the country's bailout and savers queued to withdraw cash, taking Athens' stand-off with the European Union and the International...
- 23 Jun 2015
In the UK Inflation rose by 0.1 per cent in the year to May according the Office for National Statistics, up from -0.1 per cent a month earlier and ending a brief spell of deflation. With the largest upward contribution coming from transport...
- 16 Jun 2015
British consumers finally look ready to spend like they used to, as lower prices for basics give them more money to eat out and travel, bolstering the economy against weak demand from abroad. Last month the Bank of England forecast that spending...
Greece confirmed that they will not be making the €300million payment to the IMF as they have found a loop hole that allows them to bundle the whole of Junes four payments together as one €1.6Bn payment at the end of the month.
Sterling hit its weakest against the dollar since the aftermath of the UK's national elections, after a speech by The Queen set in motion a referendum on the UK's membership of the European Union.
Bank holiday weekend has provided a relatively quiet start to the week for the pound.
Bank of England (BoE) held Interest Rates at 0.5% for another month. Due to the Election this announcement was delayed, we are now into the sixth consecutive year with interest rates being this low. The Rate has cut return on savings but has...
