PERSONAL FINANCE
28 Apr
S&P reaffirms AA rating on UK, outlook clouded by Brexit
Britain, UK flag

Standard&Poor's reaffirmed its rating on the United Kingdom's long-term sovereign debt but warned of the potential impact on the economy from the uncertainty around the Brexit negotiations and their eventual outcome.

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28 Apr
FX round-up: Sterling nonchalant after UK Q1 growth disappoints
Kent Inglaterra UK dover cliffs

Sterling made steady gains on most key cross on Friday, appearing nonchalant in its reaction to disappointing UK economic growth data out mid-morning.

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28 Apr
London close: FTSE lower as UK, US growth in Q1 disappoints, sterling up
Night tube/underground, London

Stocks in London drifted to a lower close on Friday as a rise in sterling weighed on blue chips and both UK and US preliminary economic growth data disappointed investors on both sides of the Atlantic.

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28 Apr
Commodities: Crude rises on reports of Russia compliance with Opec output limits
Bolsa_petroleo_rusia

Crude-oil futures are higher on Friday as traders liked reports Russia has complied with Opec output limits, and also on hopes the cartel will extend its production cut pledge.

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28 Apr
Bank of America- Merrill Lynch sees FTSE 100 at 7,750 in 12 months
mining truck, commodities, minerals, iron ore

Bank of America-Merrill Lynch thinks demand for commodities and the global cycle will push the FTSE 100 to 7,750 points in 12 months' time.

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28 Apr
UK mortgages and consumer credit card borrowing both decline - BBA
credit cards, finance, money, cash

Mortgage approvals and consumer credit card lending both fell in March according to fresh data from the banking industry, providing the reason for the fall in house prices announced elsewhere on Friday.

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28 Apr
UK Q1 GDP - Analysts react
Britain, UK flag

"Within the details of the latest GDP release, sectors with exposure to household spending had the biggest negative impact on growth. For example, the distribution, hotels and restaurants sector saw a contraction of 0. 5% of GDP, which was the first fall for the sector since the end of 2012. The transport, communication and storage sector also saw its first contraction since 2013. Looking ahead, unless households manage to achieve higher pay growth, we are likely to see the cost of living squeeze continue into the second quarter.

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28 Apr
EU leaders prepare Brexit clause for reunified Ireland membership
donald-tusk-annonce-un-accord-unanime-sur-la-grece

Northern Ireland could be allowed fast-track access to EU membership in the event of its reunification with the rest of the island, as European leaders prepare to thrash out their negotiating stance for upcoming Brexit talks with the UK government.

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28 Apr
UK GDP growth slows to 0.3% in first quarter
Britain, UK flag

The UK economy slowed significantly in the first quarter of 2017 as consumers tightened their belts amid rising inflation, according to preliminary figures from the Office for National Statistics.

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28 Apr
UK consumer confidence worsens again in April - GfK
Grand Central Hammerson Birmingham shopping mall

UK consumer confidence worsened slightly in April due to worries about rising inflation and flat wages.

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28 Apr
UK house prices fall again in April, says Nationwide
housing, construction, building

UK house prices have fallen for the second month in a row, with annual growth slowing to a near four-year low.

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27 Apr
FX round-up: Sterling sails higher on UK retail data, ECB rate call
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Sterling sailed higher on most key crosses Thursday as investors liked the currency after pleasing UK retail data, European Central Bank holding interest rates and last night's US tax-reform disappointment.

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27 Apr
London close: Resources weakness, US tax-reform hangover and ex-divs punish FTSE
battersea power station nine elms luxury development

Equities in London were punished lower on Thursday as pronounced weakness among mining and oil majors, a US tax-reform hangover, and a bundle of ex-dividend shares all told against the FTSE.

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27 Apr
Merkel warns UK not to approach Brexit talks with "illusions"
angela merkel dedo

German chancellor Angela Merkel has warned that British people should not harbour "illusions" about the country's fate in the aftermath of Brexit.

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27 Apr
US pending home sales drop less than expected in March
US house USA United States of America housing

US pending home sales fell less than expected in March, according to data from the National Association of Realtors.

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27 Apr
US initial jobless claims unexpectedly rise
City workers

The number of Americans filing for unemployment benefits unexpectedly rose last week, according to data from the Labor Department.

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27 Apr
Worsening consumer confidence threatens economic growth and Tory election result
retail london oxfordst debenhams consumer westend spending

British consumer confidence weakened over the last month even as business confidence strengthened, as both sides eyed rising inflation but softening economic growth.

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27 Apr
Retail sales grow at fastest pace since September 2015 - CBI
John Lewis, retail

Retail sales grew at the fastest pace since September 2015 in the year to April, according to the Confederation of British Industry's latest monthly Distributive Trades Survey.

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27 Apr
Wealthy people should be ineligible for pensions, OECD says
ep pensiones jubilacion ancianos

State pensions in the UK should not be handed out to wealthy people in order to ensure that benefits for those on the lower end of the pay scale can be given out, the Organisation for Economic Co-operation and Development has said.

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26 Apr
FX round-up: Generally upbeat sterling dips on dollar ahead of Trump tax reforms unveiling
cash money sterling pound

Sterling enjoyed a relatively rosy day on most key crosses, but fell against a resurgent US dollar ahead of US President Donald Trump outlining his proposed tax reforms later on Wednesday.

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