LONDON British consumers have regained some of the confidence they lost after the Brexit vote in June, according to a survey published on Friday, the latest sign that households are largely taking the decision to leave the European Union in their stride.
LONDON Britain's vote to leave the European Union will have a negative impact on both prices and turnover in the UK housing market, with foreign investors set to benefit most from bargains among sterling-priced assets, a Reuters poll found.
LONDON Expectations for inflation in Britain in the next 12 months stabilised this month after rising sharply in July, according to a Citi/YouGov survey on Thursday.
LONDON Britain's Big Six energy suppliers are starting to claw back customers from their smaller, independent rivals which are struggling to cope with more than 20 per cent recovery in prices for winter since April.
LONDON The longest-dated UK government index-linked gilt has been the best performing government bond of 2016 as investors scramble to buy inflation protection in the wake of Britain's shock decision to leave the European Union.
LONDON The number of mortgages approved by British banks fell to its lowest in a year in the month following Britain's vote to leave the European Union, but robust credit growth added to signs that the decision has had little impact on consumers so far.
LONDON Pension funds are pushing the British government to issue more index-linked bonds to insulate them from inflation and help cope with worrisome accounting deficits that have intensified since Britain voted in June to leave the European Union.
LONDON Bank of England Deputy Governor Ben Broadbent said on Friday he would support cutting interest rates again this year, but ruled out using a new bank funding scheme to bring in negative rates by the back door.
LONDON HSBC said it would pass on a 25 basis point cut in the Bank of England base rate to its tracker mortgage borrowers from Friday, and extend savings to standard variable rate mortgage borrowers from Sept. 1.
LONDON The Bank of England's top two monetary policymakers said interest rates may need to fall further, as surveys on Friday sustained their view that even a "sledgehammer" stimulus will not be enough to fully counter a post-Brexit vote slowdown.
LONDON British house prices fell in July, reversing gains seen the month before, but it is too soon to tell if Britain's vote to leave the European Union will have a major impact, mortgage lender Halifax said on Friday.
Phoenix Group Holdings, Britain's largest owner of life assurance funds closed to new customers, is scouting for acquisitions to help gain scale in a challenging, low interest rate environment after Brexit, its chief executive said.
LONDONUnrelenting demand for fixed income has pushed yields, in Europe at least, to a point where investors no longer distinguish one country's bonds from another's -- potentially storing up trouble for when focus returns to the economic drivers behind borrowing costs.