The surprisingly strong UK GDP data announced midweek leads economists at Goldman Sachs to revise higher their growth forecasts and lower expectations for a recession taking hold.

July 13,2022

Federal Reserve policy tightening is already making a mark on economies and currencies around the world but minutes of June’s meeting suggested this week that its impact could grow when making clear that interest rates may yet rise beyond the “modestly restrictive” level currently in the Fed’s crosshairs.

July 7,2022

The Bank of England's Chief Economist says he stands ready to vote for a faster rate of interest rate hikes, should he see further signs inflation is becoming embedded in the UK.

July 6,2022

The arrival of Nadhim Zahawi at the Treasury could herald greater pay hikes for public sector workers, increasingly embedded inflation expectations and more forceful interest rate hikes from the Bank of England.

July 6,2022

Gas prices might be surging but there is some relief in store for consumers as oil prices start to fall back. Analyst Fawad Razaqada of City Index writes further declines are possible.

July 6,2022

Momentum is slowing as average house prices were broadly unchanged in May, rising by just 0.1%.

July 1,2022