Homeowners in the UK are facing increased financial strain as the interest rates on standard two-year fixed mortgage deals have surpassed 6% for the first time since December of last year.
June 22,2023
Pound Sterling was swamped with widespread losses as currency and interest rate markets responded to a further increase in one of the UK's most important measures of inflation barely more than a day out from the latest Bank of England (BoE) policy decision, leading to a wave of forecast changes among analysts and economists.
June 22,2023
There was some good news contained in the tranche of inflation data released midweek: the price pressure pipeline is weakening as UK manufacturers see falling costs.
June 21,2023
Households can beat the 'mortgage crunch' by extending the length of their mortgages with their existing provider, according to a new analysis.
June 20,2023
The UK economy returned to growth in April following the contraction recorded in a damp March (-0.3%).
June 14,2023
"Wage growth has far too much momentum for the MPC to stop hiking Bank Rate yet," says Samuel Tombs, Chief U.K. Economist at Pantheon Macroeconomics.
June 14,2023
As the United States edges closer to the summer months, price pressures are easing across several dominant sectors, namely food, utilities, healthcare, and apparel, according to Truflation.
June 12,2023
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