Bank of England governor Mark Carney says the UK should hold a referendum on its membership of the EU “as soon as necessary”. Speaking on the BBC’s Today programme yesterday, Carney said: “We talk to a lot of bosses and there has been uncertainty, whether it’s for the election or the referendum.” He said businesses […]
The Government has capitalised on a rally in Lloyds Banking Group shares following last week’s election result and reduced its stake in the bank to below 20 per cent. The Financial Times reports the Treasury will say as early as this week that it has cut its stake in Lloyds from 21 per cent to […]
Annuity rates at lowest level for at least two years.
People saving into personal pensions are being hit by charges of over 2 per cent in their first year of investing, research reveals. Analysis conducted by ComPeer and commissioned by Nutmeg shows schemes run by wealth managers can charge up to £2,220 on a £100,000 pot over the first year of investing. Investec Weath & […]
The chart below demonstrates the change in US 10-year Treasury yields in the run-up to a Federal Reserve (Fed) hike, and what then happens in the weeks afterwards. This covers the 70 Fed hikes over the past 37 years. In the run-up to a Fed hike, US yields tended to rise. This is no surprise, […]
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