interest

In recent times, UK businesses have exhibited the highest level of confidence since before the Russian invasion of Ukraine, according to a new survey. The most recent survey by Lloyds Bank reflects an unexpected surge in business…

High interest rates are continuing to hit demand in the property market as potential buyers pull back from purchases because of increased mortgage costs. The number of mortgage approvals fell last month to a five-month low of 49,400,…

Happy talk from Washington, consistently low unemployment, and a slowing pace of inflation have combined to support a positive market sentiment – but can it last? ‘Shark Tank’ star Kevin O’Leary believes it won’t, and he does not hesitate…

The UK economy is on course to shrink between July and September and could tip into recession, a closely-watched survey suggests. The S&P Global/CIPS UK Purchasing Managers’ Index (PMI) found that rising interest rates and weaker…

© Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged up against a basket of…

Receive free UK economy updatesWe’ll send you a myFT Daily Digest email rounding up the latest UK economynews every morning. UK economic activity fell unexpectedly in August for the first time since January as higher borrowing costs…

Government borrowing came in lower than expected last month despite a hit from the highest debt interest payments ever seen for the month of July. The Office for National Statistics (ONS) said the interest payable on central government…

Receive free Markets updatesWe’ll send you a myFT Daily Digest email rounding up the latest Marketsnews every morning. Yields on the US benchmark government bond on Monday hit their highest level since 2007 as investors fretted over…

© Reuters. Investing.com - European stock markets edged higher Monday, helped by a hefty drop in German producer prices even after China’s smaller-than-expected rate cut. At 03:35 ET (07:35 GMT), the index in Germany traded 0.5%…

Rising interest rates have begun to bite UK companies, with a majority of businesses reporting the weakest output levels in eight months, according to a survey. A monthly business tracker, compiled by Lloyds, found that 13 of 14…