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July 5, 2015 - Latest:

US interest rate rise still looks likely to happen in September despite latest job numbers

2 July 2015

The latest payroll numbers from the US came in weaker than some economists had been anticipating but given the drop in the unemployment rate, a September lift off for interest [...]

Will the Bank of England be forced to raise interest rates this year?

2 July 2015

Steven Bell, economist at BMO Global Asset Management looks at whether the Bank of England will be forced to raise base rates this year… Last month we took a look [...]

Greek debt crisis: No more talks with eurozone ministers until after Sunday’s vote

2 July 2015

Eurozone finance bosses have put talks regarding any new bailout with Greece on hold until after the nation’s upcoming referendum. On Sunday Greece will go to the polls and vote [...]

Greece gives further ground to creditors as Bank of England warns of risk to UK stability

1 July 2015

The Greek government has agreed to accept most of the conditions set by its creditors as the Bank of England warns that the country’s debt crisis poses a risk to [...]

Greece misses payment deadline to IMF but reports suggest Tsipras will now accept many creditors’ conditions

1 July 2015

Prime Minister  Alex Tsipras may have backed down on most conditions relating to VAT, pension reform, and upfront debt relief according to the Financial Times. The leak has raised investors’ [...]

Greece seeks new rescue plan as deadline looms

30 June 2015

Greece is reportedly seeking a new two-year rescue plan from its eurozone creditors. The news comes with the deadline for the country to repay €1.6bn (£1.1bn) to the International Monetary [...]

UK growth higher than expected

30 June 2015

The UK economy grew faster than expected in the first three months of the year, official data has revealed. The economy grew by 0.4% over the quarter, an upward revision [...]

Greek exit not likely to be a Lehman Brothers moment

30 June 2015

The path ahead is likely to remain unsettled for Greece, whatever the outcome of the referendum, says Ariel Bezalel, manager of the Jupiter Strategic Bond Fund. We have long held [...]

Greek PM will resign if voters back austerity plans

30 June 2015

Thousands of Greeks are marching in support of a “no” vote on austerity measures and the Prime Minister Alexis Tsipras has threatened to resign if Sunday’s referendum result is in [...]

July’s Emergency Budget: Voters would swap support in later years for tax cuts today

29 June 2015

With just over a week to go until 8 July when Chancellor George Osborne unveils his emergency budget, new research from reveals how the British public wants the nation’s finances [...]

Greek crisis Q&A – what might happen next?

29 June 2015

Guy Foster, group head of research at Brewin Dolphin takes a look at what to expect next in regards to the Greek crisis… What happens next? Greece will hold an [...]

“Grexit is not yet what Greece is facing…”

29 June 2015

Stephanie Flanders, chief market strategist for Europe at JP Morgan Asset Management examines the current state of affairs in Greece and looks at what it potentially means for investors… Eurozone [...]

Greek banks temporarily shut up shop as latest crisis talks hit a dead-end

29 June 2015

Banks in Greece will be closed all week following the European Central Bank’s (ECB) decision not to extend the economically embattled nation another lifeline. According to BBC News cash withdrawals [...]

European Commission publishes what it claims would have been a comprehensive agreement as Greece stands on financial precipice

28 June 2015

The European Commission has published the last set of proposals agreed by the Troika of creditors and offered to Greece late last week saying that it could have led to [...]

Greek Prime Minister Tsipras calls referendum over humiliating, unbearable bailout

27 June 2015

The Greek Prime Minister Alexis Tsipras has called a referendum on the bailout terms given the “unbearable” pain of the bailout plan. As the Greek parliament began meeting to consider [...]

Greece offered five month bailout extension as talks intensify

26 June 2015

Greece has been offered a five-month extension worth €15.3 billion to its bailout programme if it seals a deal with the rest of the EU this weekend.   The Greek [...]

UK workers £5,000 a year worse off since the crisis as wage growth slides

25 June 2015

If the typical UK worker’s earnings had grown at the same rate as before the financial crisis in recent years they would be 20% higher claims new research. The analysis [...]

Following the latest crisis talks Greek deal is now “hanging by a thread”

25 June 2015

The apparent lack of any progress at Wednesday’s meeting of eurozone finance ministers has left the prospect of a deal between Greece and its creditors “hanging by a fine thread”, [...]

Senior bankers can lose bonuses up to 10 years later if misconduct found as regulators publish new rules

24 June 2015

UK regulators have published new rules allowing them to clawback bankers’ bonuses for up to 10 years if misconduct comes to light. The rules will come into force between next [...]

Greece needs debt forgiveness or a default

23 June 2015

Psigma’s chief investment officer Tom Becket gives his view on the tough choices facing Greece and its creditors no matter what happens this week. Over the last two weeks a [...]

Crunch time for Greece as European leaders gather in Brussels

22 June 2015

European finance bosses are set to meet on Monday in a bid to finally find a resolution to Greece’s escalating debt crisis. On Friday the European Central bank signed-off on [...]

Greek debt crisis- what should investors do?

18 June 2015

The troubles engulfing the eurozone are on the rise given that Greece now has less than two weeks to come to an agreement with its creditors. If the economically challenged [...]

German Chancellor Angela Merkel believes Greece can still reach a deal on its bailout terms

18 June 2015

German Chancellor Angela Merkel has claimed she is confident that an agreement can be reached on Greece’s bailout terms. According to BBC News, Merkel said she is “still convinced” that [...]

US Federal Reserve gears up for interest rate hike later this year

18 June 2015

The US Federal Reserve looks set to push the button on interest rates and raise the cost of borrowing later this in 2015. Such a move would mark the first [...]

Unemployment down and wage growth up: what it means for your money

17 June 2015

Unemployment has continued its decline, while wage growth has come close to the highest rate in four years, according to official figures. The Office for National Statistics revealed that the [...]

UK moves from deflation to inflation in just a month

16 June 2015

Higher transport costs, particularly airfares, pushed the UK inflation rate  to turn positive in May after one month of negative inflation. The Consumer Prices Index (CPI), rose to 0.1% in [...]

Greece and EU bosses fail to reach a bailout agreement in latest talks

15 June 2015

Greece and European Union bosses have failed to hit a compromise in their latest round of negotiations in regards to the embattled nation’s bailout terms. According to BBC News a [...]

“Is this déjà vu for the 2013 taper tantrum?‏”

15 June 2015

In a new research note John Bilton, global head of multi-asset strategy at JP Morgan Asset Management argues that comparisons of today’s bond market volatility to the 2013 taper tantrum [...]

The time for a rate rise in nearing, says MPC member

12 June 2015

The time for an interest rate rise is nearing and the Bank of England will be watching the data closely over the next few months, says Monetary Policy Committee member [...]

Bailout stalemate: IMF walks out of negotiations with Greece

12 June 2015

The International Monetary Fund (IMF) has walked away from talks with Greek politicians over the future of the beleaguered country after failing to agree on bailout terms.   The IMF’s  [...]

Ashmore’s Jan Dehn: “Political landscape unclear for Turkey‏”

10 June 2015

Jan Dehn, head of research at Ashmore discusses Turkey, who voted for pluralism over a single strong leader and China which launches a market for certificates to link policy rates [...]

George Osborne set to introduce new budget surplus law

10 June 2015

George Osborne is to set out plans to ensure future governments maintain a budget surplus when the economy is growing, according to BBC News. The chancellor initially proposed the changes [...]

“Two Swords of Damocles” Greek bail-out negotiations and possible US interest rates rise‏

10 June 2015

Rowan Dartington Signature’s Guy Stephens looks at the markets’ attitude towards Greek bail-out negotiations and a possible rise in interest rates in the US… I have to confess that the [...]

Boots set to shed 700 jobs in business restructuring drive

8 June 2015

Pharmacy group Boots is to axe hundreds of jobs as part of a business restructuring process. In a statement, the firm said it is simplifying the structure of its support [...]

CBI cuts UK economic growth forecasts, warning the recovery still faces a number of headwinds

8 June 2015

The Confederation of British Industry (CBI) has cut its UK economic growth forecasts warning that the recovery is still facing a number of headwinds. The business lobby group is now [...]

Greece delays debt repayment as negotiations continue

5 June 2015

Greek has said it will delay today’s €300 million (£216 million) debt repayment and instead bundled together all four of its June repayments.   It told the International Monetary Fund [...]

Bank of England sits tight and holds interest rates at 0.5% for another month

4 June 2015

The Bank of England’s Monetary Policy Committee (MPC) has held the cost of borrowing at its historic low of 0.5% for another month. At its monthly meeting, the MPC also [...]

New car sales growth slows to 2.4% year-on-year in May but the outlook still remains upbeat

4 June 2015

While new car sales growth slowed down to 2.4% year-on-year in May according to Society of Motor Manufacturers experts believe the economic fundamentals still look largely healthy for the motor [...]

Emerging market investors warned of increased risk in Brazil and Malaysia

3 June 2015

Investors have been warned to review their exposure to different emerging markets as countries such as Brazil and Malaysia have seen their risk levels increase over the past six months. [...]

Greece’s debt deadline looms

3 June 2015

With Greece’s repayment deadline in sight and another instalment due this week, Rowan Dartington’s Guy Stephens assesses the potential outcomes… This Friday sees another Greek payment due to the IMF but [...]

Eurozone inflation of 0.3% allays deflation concerns

2 June 2015

Azad Zangana, senior European economist at Schroders looks at what today’s eurozone inflation data means for investors… The eurozone’s flash estimate for the harmonised consumer price index (HICP) showed an [...]

Greece submits proposal to stave off Grexit fears

2 June 2015

Greek Prime Minister Alexis Tsipras has made proposals to European creditors in a bid to stave off financial chaos. The news follows an emergency meeting between German Chancellor Angela Merkel, [...]

First quarter UK economic growth confirmed at just 0.3% as exports edged down

28 May 2015

Any hope of the UK’s first quarter economic growth being revised up have been dashed as official figures confirmed GDP grew by just 0.3% over the period. Economists had been [...]

UK economy rises by more than 100 fold in the past 250 years

28 May 2015

Britain’s economy is now 100 times bigger than it was some 250 years ago, when Taylors & Lloyds in Birmingham, which would go on to become Lloyds Bank, was founded. [...]

Confidence in consumer spending hit by election but not derailed

22 May 2015

Consumer spending confidence has dropped slightly but still remains near record highs.   The latest Lloyds Bank Spending Power Report shows that confidence took a backwards step last month after [...]

Why there is lots of potential upside to the weaker US dollar right now

21 May 2015

Matt Cobon, head of government and FX at Columbia Threadneedle Investments, outlines why he is rebuilding his US dollar risk position during this period of dollar weakness… We believe the [...]

Can currencies save economies?

21 May 2015

Much has been said of global currency wars in the past few years writes Stephanie Flanders, chief market strategist for Europe at J.P. Morgan Asset Management…  If there has been [...]

Latest eurozone PMI points to slowdown

21 May 2015

The latest economic indicators from the eurozone suggest growth across the currency union has slowed back down after the slight pick-up in the first three months of the year. May’s [...]

Barclays hit with record-breaking £1.53bn fine as banks’ total forex rigging bill reaches £4bn

20 May 2015

Barclays has been fined £1.53bn by the Financial Conduct Authority and US regulators for its traders’ part in fixing foreign exchange markets, while separate penalties for other banks took the [...]

CBI calls on business to speak up for importance of staying in EU

20 May 2015

The CBI is calling on businesses to “turn up the volume” on the importance of staying in the European Union. Speaking at a the organisation’s annual dinner this evening, Sir [...]

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