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In 2018 UK price rises are generally anticipated to continue. Moreover, they might soar further if there are tough Brexit glitches.
Looking back over 2017, there were a couple of signs of relief for the average British household. Well, the knock-on effects of the Brexit referendum generated price leaps on everyday items, ranging from electronics to butter, while the Bank of England lifted interest rates for the first time in a decade, thus leaving the UK financial institutions open to raise the mortgage repayments of homeowners.
While inflation is heading north, it accounted for 3.1% in November. Apparently, wage surge hasn’t matched the soar, thus bringing a squeeze on the average household budget.
The family’s annual holiday in the sun happens to be more expensive as the weaker sterling actually affects the price of travelling abroad.
Most market experts expect the hikes to keep unrolling in 2018.
In the final quarter of 2018, the German economy stalled, narrowly dodging recession because the fallout from global trade clashes and Brexit threatened to heavily impact a decade-long expansion in the EU’s number one economy…
In January, the annual rate of inflation in Great Britain went down to 1…
The levels of retail sales and core retail sales for the US will be released on February 14 at 15:30 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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