The Latest Breaking News from Allan Monks

London stocks rise as investors digest Bank of England’s ‘hawkish’ hold

The Bank of England’s Monetary Policy Committee voted 6-3 to maintain bank rate at 3.75%, repeating July’s split.

Evening Standard · Sep 17

FTSE 100 rallies amid reports that Iran-US peace talks could resume

For the week, the FTSE 100 rose 1.3%, the FTSE 250 climbed 0.8%, and the AIM all-share advanced 1.6%.

Evening Standard · Jul 24

Gilts steady as Prime Minister clings on

The yield on UK 10-year gilts traded at 5.07%, cooling from 5.10% the day before.

Evening Standard · May 13

Bank of England may have to hike interest rates to 7% to curb inflation, economists warn

Fears heighten for UK economy and household budgets as expert says ‘hard landing increasingly likely’

The Independent UK · Jul 5, 2023