The number of loans made for house purchases rose slightly in the UK in May as low interest rates continued, lenders have said.
About 42,000 home loans were granted in May, up 2% on the previous month and 15% higher than May 2009, the Council of Mortgage Lenders (CML) said.
Mortgage interest payments accounted for the lowest [...]
Interest rates were kept at their record low of 0.5pc when the Bank of England announced its latest policy decision last week.
The Bank’s Monetary Policy Committee (MPC) held the cost of borrowing at 0.5pc, and did not alter the £200 billion it has so far spent on quantitative easing- or printing money, to support [...]
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Despite the fact we are heading into the Bank of England’s rate decision tomorrow Sterling is holding up pretty well.
There is no doubt Sterling has a lot of in built bad news already in the price and a 0.5 % base rate cut is already priced in some may even argue that 1% is [...]
The yen rallied on Friday as risk aversion returned to global markets following several sessions of relative calm.
An overnight drop in US equity markets was followed by falls in Asian stocks. But trade was light with few investors wishing to take fresh positions in the face of uncertainty about the timing of the next rate [...]
Data from the British Retails Consortium, out last night, showed no signs of a slow down in UK consumer spending. Healthy growth in March gives further support to those pushing for a rates rise as early as May. Retail sales growth was up from 5.6 per cent last month to 6.2 per cent for March [...]