Source: Bloomberg The US yield curve was the flattest in over three years versus its counterpart in the United Kingdom, with the Federal Reserve adopting a more hawkish stance than in its British counterpart. QQQ is up 0.09%, while EWU is up 0.27%. Yields on the 10-year bonds in the United Kingdom grew by 10 basis points, stretching the gap with the two-year bonds to 31 … [Read more...] about US Yield Curve Falls to Flattest in Over Three Years Against UK Counterpart
UK
UK Unemployment Falls by 0.2% in Nov-Jan Quarter as Job Vacancies Hit a Record
Source: Office for National Statistics The UK posted an unemployment rate of 3.9% in the November to January quarter, down by 0.2 percentage points. FTSE 100 is down -1.36%, GBPUSD is up +0.33%. Following the decline in the unemployment rate, the employment rate improved by 0.1 percentage points to 75.6% in the November to January quarter.The economic inactivity rate rose … [Read more...] about UK Unemployment Falls by 0.2% in Nov-Jan Quarter as Job Vacancies Hit a Record
UK Opens 2022 With Economic Rebound as Restrictions Ease
Source: Office for National Statistics The UK economy opened the year with a rebound, as services posted growth with consumers returning to food and beverage activities. EWU is up 1.23% premarket. The gross domestic product grew by 0.8% in January, following the 0.2% in December when restrictions were in place due to the COVID-19 Omicron variant.All sectors posted growth … [Read more...] about UK Opens 2022 With Economic Rebound as Restrictions Ease
UK House-Price Growth Hits 15-Year Record-High, £278,123
Source: Halifax UK house prices grew at the fastest annual rate since before the global financial crisis in 2007. FTSE 100 down -1.75%, GBP USD down -0.54% The mortgage lender Halifax stated that the average value of homes rose by 10.8% YoY for an 8th consecutive month to a record £278,123 in February.Halifax cautioned that growth might slow in the upcoming months, with … [Read more...] about UK House-Price Growth Hits 15-Year Record-High, £278,123
Over 29% of London Population Estimated To Have COVID-19 Antibodies
Nearly a third of London residents or 29% are likely to test positive for the antibodies of COVID-19 indicating the rapid spread of the U.K strain of the disease in February, according to a report. Findings of the Office for National Statistics cover the 28 days to Feb. 11, up from one in every five people in the city who tested positive in the January. This is the highest … [Read more...] about Over 29% of London Population Estimated To Have COVID-19 Antibodies
