ECONOMIC NEWS
22 Jun
FX round-up: Sterling mixed, prone to volatility as PM May heads Brussels
Theresa May

Sterling had a mixed Thursday as PM Theresa May went to Brussels to unveil to European leaders her allegedly more generous plans for the rights of EU citizens in the UK.

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22 Jun
London close: FTSE scrapes along as PM takes her Brexit show to Brussels
theresa may trump

The FTSE scraped along to a lower close as PM Theresa May looked took her Brexit and hung-parliament show to Brussels.

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22 Jun
Commodities: Crude gets a Thursday fillip higher, but downside risk remains
Nodding donkeys, pumpjacks, oil & gas, drilling

Prices of crude oil got a Thursday fillip higher as investors took some note of recent falls in US inventories, but nonetheless remain mindful of the black liquid's potential for further declines.

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22 Jun
US unemployment claims tick higher
bandera EEUU USA

US jobless claims edged slightly higher last week.

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22 Jun
Prudent to wait until December to hike again, Fed's Harker says
cbpatrickharker

In an interview with the Financial Times, the president of the Federal Reserve bank of Philadelphia, Patrick Harker, said it would be "prudent" for the US central bank to defer its next interest rate hike until December, instead of tightening at its September meeting.

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22 Jun
UK population increases at fastest rate since WW2
des-pietons-traversent-oxford-street-a-londres-en-angleterre-au-royaume-uni-le-14-aout-2016-deux-mois-apres-le-brexit

Britain's population has swelled to nearly 67 million with growth in the past year reaching the fastest rate in almost 70 years, official figures showed on Thursday, boosted by continued net international migration.

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22 Jun
UK industrial trend improves more than expected - CBI survey says
ep industria manufacturera

UK manufacturing is bouncing back, the CBI industrial trends survey showed on Thursday as the headline total orders balance came in much higher than forecast.

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22 Jun
Trump state visit to UK will go ahead, Boris Johnson says
theresa may trump

Foreign secretary Boris Johnson has said Donald Trump’s planned state visit to the UK will go ahead, despite its omission from the Queen’s Speech on Wednesday.

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22 Jun
Mortgage lending robust but buy-to-let rebound fails to appear
mortgage keys

UK mortgage lending remained resilient in May, according to figures released by the industry on Thursday, but forecasts for a revival in buy-to-let lending have proved wrong.

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22 Jun
Trump floats idea of solar panels on Mexico border wall
cbtrump24

US President Donald Trump has suggested the construction of a border wall with neighbours Mexico could be partly financed by attaching solar panels to its structure.

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22 Jun
Tesco call centre closure to put 1,100 jobs at risk
Tesco, retail, supermarkets

Supermarket chain Tesco could be set to lay off as many as 1,100 people after it announced that it planned to close a call centre in Cardiff.

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21 Jun
FX round-up: Sterling ahead as BoE's Haldane hawkish on UK rates

Sterling put in an unfamiliar positive performance on most key crosses Wednesday thanks to a hawkish jawbone on UK interest rates by Bank of England chief economist Andy Haldane.

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21 Jun
London close: FTSE ends down after Queen's Speech, Haldane's rate-rise comments
bank of england

Shares in London were under pressure Thursday as sterling zipped ahead on news Bank of England chief economist Andy Haldane said he would likely vote for a rate rise later in 2017.

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21 Jun
Grenfell Tower survivors to be rehoused in luxury complex
grenfell2

The UK government has bought 68 flats in a luxury west London apartment block in order to rehouse the survivors of the Grenfell Tower fire.

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21 Jun
Commodities: Crude extends gains as EIA confirms US stores drop
Nighthawk Energy nodding donkey, oil & gas

Crude-oil futures got a mild shove on a sun-soaked Wednesday afternoon in London as fresh official data showed a draw in US stores of the black liquid last week.

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21 Jun
London property sales fall 18% in 2016
property, housing, real estate, house prices

Home sales in Britain fell significantly during 2016, with London experiencing an 18% drop in property deals in comparison to 2015.

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21 Jun
Queen's speech sees embattled May change tack, DUP demands to the fore
queens speech 2017

In the Queen's speech to formally open parliament, Prime Minister Theresa May's minority government announced an intention to "provide certainty" over Brexit and maintain a "deep and special" alliance with the EU, as well as proposing a review of terror laws, technical education and mental health care.

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21 Jun
Macquarie cuts Brent price forecasts, says OPEC has few options
Oil rig in Algeria, oil & gas, energy

Macquarie slashed its forecasts for the average price of Brent, predicting that too much oil will be produced, loaded and marketed around the world until 2020.

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21 Jun
US crude oil inventories fall for a second week
BP, oil, gas

Crude oil inventories in the States shrank for a second week in a row alongside a drop in gasoline stockpiles, official data showed.

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21 Jun
Existing US home sales outpace forecasts in May
construction housebuilding bovis

Existing home sales in the States rose past forecasts last month as some buyers managed to overcome the challenging market conditions that were prevailing in many areas.

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