UK Gilt 10Y News      90.7025     -0.74%     (UK Gilt 10Y Kurs)

 

Rent rises likely to slow after rapid increases in recent years, lenders and estate agents forecastFirst-time buyers are expected to drive the UK housing market in 2026, with further interest rate cuts likely to improve stretched affordability.The for-sale market should accelerate moderately, with prices rising by 2% to 4%, while rent rises are likely to slow from the rapid increases of recent years, according to lenders and estate agents. Continue reading......

Jim O'Neill, former UK Treasury Minister and chair at Northern Gritstone, joins 'Squawk on the Street' to discuss the global markets, China, and more....

Jim O'Neill, former UK Treasury Minister and chair at Northern Gritstone, joins 'Squawk on the Street' to discuss the global markets, China, and more....

Fourth cut this year is good news for homebuyers and those due to remortgage, but returns on easy-access savings accounts could dropBusiness live – latest updatesThe Bank of England gave millions of borrowers an early Christmas present on Thursday when it cut interest rates from 4% to 3.75%. It is the fourth cut this year following reductions in February, May and August. Continue reading......

The Bank of England's Monetary Policy Committee voted by a narrow 5-4 majority to cut interest rates from 4%to 3.75%....

Rate-setters back quarter-point cut after steep fall in inflation and weak economic data but vote remained closeBusiness live – latest updatesThe Bank of England has cut interest rates by a quarter point, giving a pre-Christmas boost to the struggling UK economy, but a split vote among its rate-setters pointed to continued concerns about inflation.The Bank's nine-member monetary policy committee (MPC) opted by five votes to four to reduce its key base rate from 4% to 3.75%, signalling that it now expects inflation to be “closer” to the 2% target in the first quarter of the new year. Continue reading......

Bank of England Governor Andrew Bailey says he expects interest rates to "continue to have something of a gradual downward path." He made the comments during a pooled interview with UK broadcasters after the BOE voted 5-4 on Thursday to reduce rates to a near three-year low of 3.75%. Bailey also comments on inflation, the economy and the impact of lower rates on savings. (Source: Bloomberg)...

German and UK bonds underperformed US peers after the European Central Bank and Bank of England issued hawkish signals on the outlook for their respective interest-rate paths....

Another reduction expected next year but monetary policy committee is deeply divided over inflation prospectsBusiness live – latest updatesRachel Reeves has reason to be cheerful. After last month's budget, the Bank of England cutting interest rates will come as an early Christmas tonic for the chancellor by lifting some of the pressure on hard-pressed borrowers.The City had been heavily betting on a sixth cut since August last year, and Threadneedle Street delivered with a reduction in the base rate from 4% to 3.75%. The question, however, is how much further the Bank can go to bring to an end its current easing cycle, after a painful hump in inflation over the past year. Continue reading......

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The Bank of England cut interest rates today from 4% per cent to 3.75%....

Borrowers were handed an early Christmas present today when the Bank of England cut interest rates to save the economy from collapse under Labour....

The Bank of England voted to cut interest rates from 4% to 3.75% in its last monetary policy move of 2025....

Rolling coverage of the latest economic and financial newsUK inflation falls sharply to 3.2% amid slowdown in food price risesToday's decision isn't expected to be unanimous; indeed, it could be another 5-4 vote.That's because the Bank's monetary policy committee consists of four dovish committee members who worry about the weaker jobs market and slowing wage growth, and four hawks concerned about supply-side constraints in the economy and inflation persistence, plus likely swing voter Andrew Bailey.Stuck in the middle of it all is Governor Andrew Bailey. He sits between those two camps and almost certainly holds the deciding vote this week. Crucially, though, he wrote in the November meeting minutes that he has more sympathy with the doves.It sounded like he was edging towards voting for a cut last month, but wanted more evidence that inflation was coming down. On the basis that inflation has largely come in line with the Bank's forecasts since then, and if anything a tad below, we suspect he will f...

OpenAI has hired former UK Treasury chief George Osborne to lead a new effort to work with governments on building artificial intelligence infrastructure, tapping a high-profile political figure as countries race to secure the data centers and computing power needed to run advanced AI systems....

City watchdog the FCA announces plans to help first-time buyers and self-employed get on the property ladderBusiness live – latest updatesHouse prices in the UK could rise by as much as 4% next year but getting on the property ladder may become slightly less difficult, according to forecasts from the lender Nationwide.Robert Gardner, the chief economist at the building society, said prices were likely to increase by 2-4%. “We expect housing market activity to strengthen a little further, as affordability improves gradually via income growth outpacing house price growth and a further modest decline in interest rates,” he said. Continue reading......

Rachel Reeves wants to protect consumers by bringing digital money and assets into the 'regulatory perimeter'Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027.The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct Authority (FCA). Continue reading......

Along with other rate-setters he will pay close attention to the latest inflation figures, which will be published the day before the interest rate decision....

The premium Britain pays to finance its debts has narrowed thanks to Chancellor of the Exchequer Rachel Reeves shoring up the public finances in her budget last month, and a helping hand from her central bank....

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