Tag: Economy
Pound Faces Downward Pressure as Economic Growth Declines in London – London Business News
The British pound is currently facing downward pressure, especially against the U.S. dollar, which is having a strong week. The Federal Reserve's cautious approach to monetary policy and Chair Powell's positive remarks about the...
Gold Prices Continue to Drop as Rate Cut Expectations Diminish in 2022
Gold prices took a sharp dive today, hitting their lowest point since mid-September at nearly $2,540 per ounce. This marks the sixth consecutive day of losses for the precious metal in spot trading. The...
Gold prices decline as bond yields increase, prompting market reassessment of monetary policy direction...
Gold prices have been on a downward trend for the past five days, hitting their lowest point since early September. This decline is being attributed to the rise in bond yields and the strength...
Black Friday Weekend Spending Expected to Reach £9.14 Billion as Shoppers Prepare for Christmas
This Black Friday weekend, UK consumers are expected to spend a whopping £9.14 billion as they gear up for their Christmas shopping. According to VoucherCodes.co.uk’s Shopping for Christmas 2024: The Black Friday sales report,...
Yen Weakens Amid BoJ Uncertainty and US Dollar Strength – London Business News
The Yen has weakened due to uncertainty surrounding the Bank of Japan and the strength of the US Dollar. This news comes amidst various developments in different sectors:Polish Prime Minister Donal Tusk is scheduled...
Impact of Labour’s Budget on Sainsbury’s: £140M Cost & Higher Inflation
Sainsbury's, a popular supermarket chain, recently announced that they are expecting to incur £140 million in costs as a result of the Autumn Budget. The company also anticipates higher inflation due to the significant...
Dollar weakens due to election risks and Fed rate decision – London Business News
The dollar has weakened recently due to concerns about the upcoming U.S. election and an important decision from the Federal Reserve. Many investors are keeping a close eye on these events, which has led...
Boost in Consumer Confidence Amid Decrease in Inflation
Consumer confidence is on the rise as inflation rates decrease, bringing positive news in the financial sector. The two Mobeus VCTs have managed to sell out, raising an impressive £90 million in just 45...