Gold bounces off the psychologically important $2,300 level after a fresh selling phase. The pair remains under pressure from the longer-term outlook for interest rates – data from Friday could be key. XAU/USD is approaching the neckline for a possible top pattern. If this is broken, it could lead to a downward cascade. Gold (XAU/USD) … Read more
STORERS buying popular health products can save up to half the price by buying them at the right time of year. From toothpaste to deodorant, the cost of personal care items can vary dramatically from week to week, research by consumer campaign group Which? has shown. 1 The price of everyday health items can vary … Read more
Monthly inflation in Australia has risen to its highest level in 2024, providing the latest indication that the Reserve Bank will not cut rates anytime soon and may raise them again. Consumer prices rose 4% last month from a year earlier, the Australian Bureau of Statistics said on Wednesday. That compares with the 3.6% recorded … Read more
MAJOR lenders are lowering mortgage rates as an incentive for borrowers. NatWest and Barclays have cut rates by up to 0.31%, while HSBC has announced it will cut rates from tomorrow (June 26). Three major lenders have cut mortgage rates in a positive signCredit: Alamy HSBC said more than 300 deals will be completed across … Read more
Spending in stores and online recovered strongly last month, as better weather, falling inflation and rising consumer confidence stimulated spending. The Office for National Statistics’ monthly update shows retail sales volumes rose 2.9% in May, following a weather-affected 1.8% decline in April. The ONS said most retailers had a better month in May, with clear … Read more
Savings accounts have become the product of choice for those trying to beat inflation. (FG Trade via Getty Images) British households are always looking for ways to make their money grow further amid the cost of living crisis, and savings accounts can help. After years of low interest rates, high-yield savings accounts are having a … Read more
Get the free Morning Headlines email for news from our reporters around the world Sign up for our free Morning Headlines email The Bank of England has refused to cut interest rates from a 16-year high – despite inflation finally falling to reach its 2 percent target. Homeowners struggling with rising mortgages will be forced … Read more
To be happy. The Bank of England has tamed the inflation dragon and returned it to its legendary 2 percent target for the first time since July 2021. But looking at the Office for National Statistics figures, our analysis shows that inflation has totaled 20 per cent since then, as households have suffered higher costs … Read more
Stay informed with free updates Simply log in to the British inflation myFT Digest – delivered straight to your inbox. Inflation may have fallen to its lowest level in three years, but anyone paying for services – from a pub meal to a hotel stay – is still facing prices rising faster than expected. Although … Read more
LONDON — Britain had some reason to celebrate Wednesday morning as headline inflation hit the Bank of England’s 2% target for the first time in almost three years. But the print only served to convince further traders that an interest rate cut is not imminent. Money market pricing at 11am in London implied only a … Read more