Stock markets will likely fall over the summer, giving investors a key buying opportunity to boost their portfolios.
UK inflation surpassed expectations last month, with consumer prices rising by an annual 8.7%, significantly higher than the Bank of England’s 2% target.
And in the US, Federal Reserve Chair Jerome Powell confirmed that rate hikes should be expected as inflation is “well above” where it should be.
Indeed, Mr Powell stated: Read More
The Bank of England is deliberately driving Britain into a recession, and you need to act now to safeguard your investments.
The key rate was increased by 75 basis points on Thursday, moving up from 2.25% to 3%, the highest seen since 2008.
Of course, and as I was quoted by The Daily Express, Fintech Finance News, exchangerates.org.uk and Fortune Herald, amongst other media, the Bank of England is in a difficult position, tightening monetary policy after inflation reached a Read More
The Pound will likely decline further and more radically next week if Liz Truss is named the UK’s next Prime Minister as expected.
Sterling has registered its largest monthly fall against the Dollar since October 2016, at the height of the Brexit fallout.
Last month, the Pound fell 4.5% to $1.16 and nearly 3% against the Euro. Sterling kicked off September with an additional 0.3% fall against the greenback.
We forecast things will get worse for the Read More
Plans to ditch mortgage affordability rules by the Bank of England are, I believe, utter madness. The new rules mean lenders will no longer have to check whether homeowners would be able to keep up their mortgage payments at higher interest rates.
The move by the central bank is bizarre, and that’s putting it mildly.
A stress test is included in the current affordability checks to cover increasing rates, so as to avoid another credit crunch as we saw in Read More
The threat of negative interest rates from the Bank of England will encourage market-savvy investors to boost their UK stock exposure.
On Thursday, all eyes were on the Bank of England as it announced it is leaving interest rates unchanged at 0.1%, and keeping its quantitative easing (QE) agenda.
Indeed, as I explain on my YouTube channel in this video and in The Independent, amongst others, for now, the central bank has avoided moving into negative interest Read More
Coronavirus is likely to deliver the bloodiest nose to the pound, more so than Brexit and the financial crash of 2008-2009.
The pound dropped to its lowest level on record on Tuesday against the currencies of the UK’s major trading partners.
The Bank of England announced that the exchange rate, which is gauged against a basket of currencies corresponding to Britain’s trade flow, declined to 72.9. There was a slight increase on Wednesday to 74.4.
These Read More
The Bank of England’s outgoing governor, Sir Mervyn King, today released his final forecasts before he retires – and the tone is decidedly more optimistic than it has been in recent years. The Bank of England’s outgoing governor, Sir Mervyn King, today released his final forecasts before he retires – and the tone is decidedly more optimistic than it has been in recent years. Read More