Bank must be prepared to act despite Iran war uncertainty, says Huw Pill The Bank of England’s chief economist said he sees mounting risks to inflation from the energy shock caused by the Iran conflict. Evening Standard · Mar 24
Energy price shock and interest rate rises could cause ‘pronounced’ UK recession, economist warns – as it happened Morgan Stanley warns that UK could fall into a recession at the turn of the year, if energy prices remain high and Bank of England hikes interest rates The Guardian - UK · Mar 24
How the Strait of Hormuz closure could affect your finances Prime Minister Sir Keir Starmer’s official spokesman said the ‘Strait of Hormuz specifically needs to be reopened’ The Independent UK · Mar 23
Strait of Hormuz closure: 10 ways it could impact your finances The Press Association looks at 10 ways that the disruption to the critical international shipping route could impact people’s finances. Evening Standard · Mar 23
Markets bet on three interest rate hikes as Iran stance threatens inflation shock for UK Rising oil and gas prices are expected to damage Western economies and traders have betted on rates to go up throughout the year The Independent UK · Mar 23
Starmer says ‘every lever’ will be explored to ease rising costs of living from Iran conflict PM will chair Cobra meeting with key ministers and Bank of England on Monday, as experts warn of economic shock The Guardian - UK · Mar 23
Money experts say 1,500 mortgage deals pulled from market due to Middle East conflict Many mortgage deals will return - but repriced at higher rates, experts say The Independent UK · Mar 23
Starmer says he is ‘unapologetic’ about his focus on national interest when asked how he deals with ‘rude’ Trump – as it happened PM tells MPs ‘a lot of what is said or done is undoubtedly said or done to put pressure on me’ The Guardian - UK · Mar 23
Politics latest: Starmer warns there may not be ‘quick and early end’ to US-Iran war ahead of Cobra meeting Prime minister warned his team not to fall into ‘false comfort’ of thinking as Middle East conflict could be lengthy The Independent UK · Mar 23
‘A toad is a perfect tenner’: experts recommend wild candidates for new banknotes Animals will feature on £5, £10, £20 and £50 notes, the Bank of England says, but which creatures should make the cut? The Guardian - UK · Mar 21
The most and least affordable locations for first-time buyers in UK First-time buyers face significant affordability gaps across Britain The Independent UK · Mar 21
UK inflation steady but experts warn of cost-of-living ‘twist’ in months ahead The Consumer Prices Index (CPI) inflation for last month will be published on Wednesday The Independent UK · Mar 20
UK inflation steady pre-Iran war but cost-of-living ‘hump’ on horizon The rate of Consumer Prices Index inflation has been gradually easing back towards the Bank of England’s 2% target level since last summer. Evening Standard · Mar 20
Stocks Finish Lower as Iran War Spurs Inflation Concerns The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.27%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.29%. March E-mini S&P futures (ESH26 ) fell -0.24%, and March E-mini Nasdaq futures... Barchart · Mar 19
The Independent UK · Mar 19 How Trump’s Iran war could derail the economy – and the Labour government POLITICS EXPLAINED: If the bombing of energy infrastructure continues, Rachel Reeves could be left with another crisis just as the public finances were about to turn a corner, as Sean O’Grady explains
The Independent UK · Mar 19 Iran oil attacks trigger 35% gas price spike – and warning of interest rate rises Iran’s attacks on energy facilities across the Gulf threaten to drag war into new phase
Barchart · Mar 19 Dollar and Precious Metals Slump on Hawkish Central Banks The dollar index (DXY00 ) on Thursday fell by -0.75%. The dollar was under pressure Thursday after the British pound, the euro, and the Japanese yen all rallied following hawkish comments from the BOE, ECB, and BOJ on the inflationary effects of soaring energy prices from the war in Iran....
The Independent UK · Mar 19 How Zopa want to be the next great British digital bank success story The app-based bank reported a third year of profits and are set to push new AI features into their app
Evening Standard · Mar 19 Interest rate cuts not on the horizon, Bank of England governor says The Bank left interest rates unchanged at 3.75% in a unanimous vote among all nine members of its Monetary Policy Committee on Thursday.
Evening Standard · Mar 19 Stocks close down as oil rises and gold retreats The FTSE 100 index closed down 241.79 points, 2.4%, at 10,063.50.
Evening Standard · Mar 19 Bank of England holds interest rates but hints at possible hikes The Bank left rates unchanged in a unanimous vote among all nine members of its Monetary Policy Committee (MPC).
Barchart · Mar 19 Stocks Retreat as Inflation Fears Push Bond Yields Higher The S&P 500 Index ($SPX ) (SPY ) today is down -0.43%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.44%. March E-mini S&P futures (ESH26 ) are down -0.40%, and March E-mini Nasdaq futures...
Barchart · Mar 19 Dollar Falls and Gold Plunges on Hawkish Global Central Banks The dollar index (DXY00 ) today is down by -0.45%. The dollar is under pressure today after the British pound, the euro, and Japanese yen rallied when the BOE, ECB, and BOJ made hawkish comments about the inflationary aspects of soaring energy prices from the war in Iran. Losses in...
Barchart · Mar 19 Stocks Slump as Iran War Fans Inflation Fears The S&P 500 Index ($SPX ) (SPY ) today is down -0.66%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.80%. March E-mini S&P futures (ESH26 ) are down -0.60%, and March E-mini Nasdaq futures...
The Guardian - UK · Mar 19 BoE delivers message Britons don’t want to hear as inflation – and rates – look set to rise Decision to hold interest rates is backed by gloomy assessment of economy as Iran war pushes up oil prices