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Foreign Affairs

speak easy

(11,140 posts)

1. FTSE 100 share index hits record high; relief ... as UK borrowing costs fall

Reply to TexasTowelie (Original post)

Sat Jan 18, 2025, 06:51 PM

Jan 18

Stocks are on a three-day rally, which started on Wednesday when UK inflation dropped unexpectedly, potentially paving the way for several interest rate cuts this year.

Today’s disappointing retail sales figures, folowing Thursday’s weaker-than-expected growth data for December, have added to hopes that the Bank of England will ease monetary policy this year.

https://www.theguardian.com/business/live/2025/jan/17/retail-sales-britain-december-china-hits-5-growth-target-imf-uk-economy-business-live-news

A disaster? It is high interest rates that are putting the UK budget under pressure, fueling speculation that the government might have to raise taxes again. And

In a fillip to the Labour government, the Washington-based organisation said it expected the UK economy to grow by 1.6% in 2025, up from an earlier forecast of 1.5%.

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FTSE 100 share index hits record high; relief ... as UK borrowing costs fall speak easy Jan 18 #1