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...When Hargreaves Lansdown experienced the first maturity of a gilt that was widely owned on its platform last year, “we saw a significant percentage of clients reinvesting back into other gilts”, said Lee...
...The UK economy grew for the second month in a row in February, driven by expansion in manufacturing and raising hopes the UK is emerging from a technical recession....
...Mary Perkins jokes that if you were to cut Specsavers’ workers open, “they’ve got green blood”....
...Interest rate sensitive two-year German Bund yields — a benchmark for the eurozone — held steady at 2.98 per cent, up 0.02 percentage points on the day....
...of a record close....
...That poses a potential problem for Hunt and Sunak, who hoped the BoE would start cutting interest rates well before a general election, widely expected in the autumn....
...For Pgim’s Peters, “a stronger economy with a little inflation isn’t such a bad backdrop for corporate America . . . if you just forget everything else and focus on the fundamentals, I think the fundamental...
...Asked if Thursday’s decision to keep rates on hold was unanimous, she said “a few members felt sufficiently confident” to argue for a cut....
...Traders in swaps markets are betting on fewer than three quarter-point rate cuts by the ECB this year after strong US inflation data on Wednesday prompted a sharp repricing in interest rate expectations....
...Paul Dales, chief UK economist at the consultancy Capital Economics, said the easing in pay growth was “probably still a bit too slow for the Bank of England’s liking”, although there were “signs that a...
...Traders in swaps markets continue to bet on a likely 0.25 percentage-point Bank of England interest rate cut by August and two or three cuts by the end of the year....
...“Previously when we have had a rally of $70 to $80, it is usually accompanied by a new catalyst or risk event,” said Suki Cooper, analyst at Standard Chartered....
...“But we’re going to need to see data like [inflation] next week that will corroborate the pushback to [a June cut].”...
...It has struggled to win public support from big businesses in recent months but Ellis expected that other senior executives would join him in backing the group, adding that there was now a “tipping point...
...Sterling extended early losses against the dollar to trade down 0.4 per cent on the day at $1.273 after the Bank of England held rates at a 16-year high of 5.25 per cent for the fifth consecutive meeting...
...Banks are expecting the UK to ramp up its borrowing plans in the new financial year as chancellor Jeremy Hunt prepares to announce tax cuts while Britain faces a surge in the number of existing gilts in...
...The bond can be held within a tax-efficient individual savings account and a self-invested personal pension....
...Tuesday’s move represents a continuation of a rally triggered on Friday by growing hopes of a Federal Reserve rate cut in June following weaker economic data....
...Sterling is the only major developed world currency to strengthen against the dollar this year, driven by a signs of a rebound for the UK economy after it slipped into a technical recession late last year...
...Other brands benefiting from the renaissance are Maison Margiela, which has released a Mary Jane version of its tabis, and Prada, whose 1998 grey Mary Janes are a “vintage style to watch for 2024”, adds...
...Markets are pricing in two quarter-point rate cuts by the Fed in 2024 from the current 23-year high and only a 50 per cent likelihood of a third, in a dramatic reversal from the start of the year when between...
...Mary McDougall...
...Analysts had predicted a reading of 4.6 per cent....
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