Bank of England right to halt rate hikes as pound tumbles, says chief investment officer The UK central bank is unlikely to rush to raise interest rates, according to Julian Howard, chief investment officer of multi-asset solutions at GAM Investments, despite the pound falling. “I don’t think it’s the Bank of England’s job to support …
European markets rise after a choppy start to the week Read More »
UK bond yields set to see record monthly rise Yields on UK government bonds are on course for the biggest monthly rise in Refinitiv and Bank of England data dating back to 1957, according to Reuters analysis. The yield on 10-year gilts has risen 131 basis points so far in September, with selling intensifying on …
European markets choppy; the pound falls against the dollar Read More »
Brent crude slides below $85 a barrel as dollar soars Brent crude fell below $85 a barrel on Monday as recession fears grew and the U.S. dollar surged. Brent futures for November settlement were trading down more than 1% around $84.92 at 8 a.m. London time. West Texas Intermediate futures also fell to trade around …
European markets choppy; the pound falls against the dollar Read More »
Swiss franc weakens significantly against dollar, euro and pound after rate hike The Swiss franc weakened considerably against the US dollar, the euro and the pound following the central bank’s decision to raise interest rates by 75 basis points to 0.5%. As of 9:30 a.m. London time, the dollar was up 0.9% against the Swiss …
Swiss franc weakens significantly against dollar, euro and pound after rate hike The Swiss franc weakened considerably against the US dollar, the euro and the pound following the central bank’s decision to raise interest rates by 75 basis points to 0.5%. As of 9:30 a.m. London time, the dollar was up 0.9% against the Swiss …
European markets slide as investors digest further interest rate hikes Read More »
US stocks open lower U.S. stocks opened lower on Thursday as Wall Street braced for bigger rate hikes after the ECB’s hike. The Dow Jones Industrial Average fell 1% while the S&P 500 and Nasdaq were both down 0.8%. — Karen Gilchrist European Central Bank raises rates by 75 basis points to tackle soaring inflation …
European markets close higher after ECB rate hike; Stoxx 600 up 0.5% Read More »
