Pound recovers as ONS admits its recession forecast was wrong

Pound recovers as ONS admits its recession forecast was wrong

Ggood morning. The pound is recovering as its early rally on Friday erased all the losses it suffered since Kwasi Kwarteng opened his speech last Friday. It comes as the new government yesterday sought to calm markets after the mini-budget caused turmoil. Liz Truss and Chancellor Kwasi Kwarteng will meet the chair of the Office…

Unemployment is the lowest since 1974 amid an “alarming” rise in long-term illnesses

Unemployment is the lowest since 1974 amid an “alarming” rise in long-term illnesses

Ggood morning. Unemployment in the UK has fallen to its lowest level in almost 50 years as more Britons leave the workforce. The latest ONS figures showed 3.6 per cent of adults were out of work and looking for work in the three months to the end of July, down from 3.8 per cent in…

Falling gas prices and an increase in retail sales are driving European markets higher

Falling gas prices and an increase in retail sales are driving European markets higher

E European markets posted strong gains on Monday, boosted by easing gas prices and rising retail stocks. In London, retailers including Tesco and Sainsbury’s continued their strong recovery after this Government has confirmed plans to freeze household energy bills, boosting consumer spending power in the coming months. As a result, the FTSE 100 rose to…

German inflation has reached its highest level in almost 50 years

German inflation has reached its highest level in almost 50 years

Ggood morning. We begin another escalation of the energy crisis as Putin cuts gas supplies to France. Gazprom has informed the French company Engie that it is limiting gas supplies from today due to a disagreement in the implementation of some contracts. The move puts further pressure on Europe’s already strained energy supplies. France has…

Shares of International Personal Finance (LON:IPF) breached the 200-day moving average of $98.21

Shares of International Personal Finance (LON:IPF) breached the 200-day moving average of $98.21

International Personal Finance plc (LON: IPF – Get a rating) shares broke above their 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 98.21 ($1.20) and has traded as high as GBX 109 ($1.34). Shares of International Personal Finance last traded at GBX 105 ($1.29) with a volume…