May reveals Brexit plan as inflation jumps and Carney hints at rate rise
Inflation in the United Kingdom economy climbed to 1.6% on an annualised basis in December, up significantly from 1.2% in November.
Macro News
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IMF upgrades UK growth forecast despite looming Brexit process
The International Monetary Fund has upgraded its growth forecast for the United Kingdom to 1.5% in 2017 from the 1.1% it was previously forecasting, despite the imminent start of Brexit talks.
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US jobs number unspectacular but wages on the rise
The health of the United States economy was underlined with a steady picture for jobs in the latest employment figures released on Friday.
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Eurozone inflation jumps
Eurozone inflation jumped to its highest level since 2013 between November and December 2016, bolstered by strong growth in energy and oil prices.
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UK economy beats growth forecast in Q3
The UK economy grew faster than expected between July and September this year, with GDP climbing by 0.6% according to official figures.
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Government launches monetary policy inquiry
The effectiveness of monetary policy implemented in the aftermath of the 2008 financial crash will be the focus of newly-launched government inquiry.
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CBI issues fresh warning on Brexit threat to financial services
Barrier-free trade with the EU will be crucial if the UK wants to hold on to its reputation as a hub for financial services according to a new report from the Confederation of British Industry (CBI).
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Eurozone inflation hits 0.6%
Eurozone inflation followed analysts’ predictions and continued its steady rise to hit 0.6% in November.
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Sanditon’s Rice: ‘Clock is ticking’ towards next recession
The clock is ticking in anticipation of an economic slowdown and eventual global recession as inflation rises and productivity falls, Chris Rice, manager of the TM Sanditon European Fund, has said.
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Further BoE rate cuts in 2017, economists warn
The stage is set for a further rate cut by the Bank of England next year as growth slows, economists have said in the aftermath of Wednesday’s decision to hold the rates at 0.25%.
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Dollar rallies/gold falls on back of Fed’s ‘happy’ hike
The dollar surged this morning on the back of only the second Fed rate rise since the 2008 financial crisis.
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Markets shrug despite inflation hitting two-year high
Inflation in the United Kingdom hit a two-year high in November according to the Office for National Statistics.