Dollar jumps to over two-year high against major currencies as bets on US rate cuts recede; UK 30-year government bond yield eases after hitting fresh 27-year high

Guardian Book Blog

11.01.2025

Pound and UK bonds fall after strong US jobs report; UK gas storage levels are ‘concerningly low’ – as it happened | Business | The Guardian

Plunging temperatures and high demand for gas fired power stations have reduced UK winter gas storage levels, reports Centrica

Guardian Book Blog

10.01.2025

Bond market turmoil eases as Treasury minister says ‘no need’ for government intervention – as it happened | Business | The Guardian

Lib Dems say chancellor should stay and make emergency fiscal statement and also cancel planned national insurance hike

Guardian Book Blog

09.01.2025

UK 10-year borrowing costs hit highest level since 2008, as Rachel Reeves’s fiscal headroom evaporates – as it happened | Business | The Guardian

Bond sell-off is eating into the chancellor’s wiggle room to hit fiscal targets without spending cuts or more tax rises

Guardian Book Blog

08.01.2025

UK long-term borrowing costs rise to highest since 1998 – as it happened | Business | The Guardian

Government plans to sell £297bn of bonds this fiscal year, the second-highest on record

Guardian Book Blog

07.01.2025

Biden bans new offshore oil and gas drilling in most US coastal waters – as it happened | Business | The Guardian

Outgoing president’s orders will not affect large swathes of the Gulf of Mexico, where most US offshore drilling occurs; orders could be difficult for Donald Trump to unwind

Guardian Book Blog

04.01.2025

Biden blocks Nippon Steel’s $15bn bid for US Steel over national security fears – as it happened | Business | The Guardian

Rolling coverage of the latest economic and financial news as the US president uses his final days in office to block a $15bn bid for US Steel

Guardian Book Blog

03.01.2025

Pound falls after weak UK factory data as US dollar rises – as it happened | Business | The Guardian

Live, rolling coverage of business, economics and financial markets as 2025 starts with trepidation over new US administration’s trade policies, and global manufacturing sector struggles

Guardian Book Blog

01.01.2025

FTSE 100 rallies by 5.7% in 2024 in ‘a year of resilience’ for the stock market – as it happened | Business | The Guardian

Rolling coverage of the latest economic and financial news, on the final trading day of the year

Guardian Book Blog

31.12.2024

Japan’s Nikkei and Germany’s DAX share indices both post 19% gains in 2024 – as it happened | Business | The Guardian

Rolling coverage of the latest economic and financial news

Guardian Book Blog

27.12.2024

More UK retailers in critical financial distress, as Boxing Day sales footfall drops – business live | Business | The Guardian

Rolling coverage of the latest economic and financial news

Guardian Book Blog

25.12.2024

American Airlines flight grounding cancelled; UK’s FTSE 100 rises 0.4% as ‘Santa rally’ begins – as it happened | Business | The Guardian

Rolling coverage of the latest economic and financial news, on a shortened Christmas Eve trading session in London

Guardian Book Blog

24.12.2024

UK growth revised down to zero; firms warn economy is heading for ‘worst of all worlds’ – as it happened | Business | The Guardian

UK GDP flatlined in the July-September quarter, ONS reports, as companies warn October budget has hurt economy too

Guardian Book Blog

21.12.2024

FTSE 100 share index records biggest weekly loss in a year, as US shutdown fears hit markets – as it happened | Business | The Guardian

Rolling coverage of the latest economic and financial news

Guardian Book Blog

19.12.2024

Bank of England expected to leave interest rates on hold today; household water bills increase to be set – business live | Business | The Guardian

Rolling coverage of the latest economic and financial news

Guardian Book Blog

18.12.2024

Company insolvencies rise across England and Wales; interest rate cuts less likely after UK pay growth accelerates – as it happened | Business | The Guardian

UK wage growth has risen to 5.2% per year, making Bank of England highly likely to leave interest rates on hold on Thursday

Guardian Book Blog

18.12.2024

UK inflation reading for November forecast to rise further above Bank of England target – business live | Business | The Guardian

Economists predict rise in inflation to 2.6%; US Federal Reserve widely expected to cut interest rates by a quarter point

Guardian Book Blog

17.12.2024

UK firms slash jobs after budget, but US economy booms; Royal Mail takeover gets government clearance – business live | Business | The Guardian

UK staffing levels fall and government clears EP Group’s takeover of Royal Mail

Guardian Book Blog

12.12.2024

US inflation rises slightly; Close Brothers granted permission to appeal against motor finance ruling – as it happened | Business | The Guardian

Inflation rises to 2.7%, as expected, but markets still expect a quarter point Fed rate cut next week

Guardian Book Blog

11.12.2024

Cost of average UK Christmas dinner rises by 6.5%, says Kantar; Ashtead to move listing to US – as it happened | Business | The Guardian

Christmas dinner for four costs £32.57 as price of turkey and vegetables rises; wider grocery inflation climbs to 2.6%

Guardian Book Blog

10.12.2024

Rachel Reeves warns of greater trade barriers with EU unless relationship improves – as it happened | Business | The Guardian

UK chancellor wants to reset ties with EU; oil and gold prices climb after fall of Assad

Guardian Book Blog

07.12.2024

Investors up bets on Federal Reserve interest rate cut after US jobs data – as it happened | Business | The Guardian

Live, rolling coverage of business, economics and financial markets as American private sector adds 227,000 jobs in November

Guardian Book Blog

04.12.2024

Stock market Santa rally underway; South Korean won hits two-year low as martial law declared – as it happened | Business | The Guardian

Rolling coverage of the latest economic and financial news

Guardian Book Blog

03.12.2024

Eurozone manufacturing recession deepens; Stellantis shares fall after CEO’s resignation – as it happened | Business | The Guardian

Germany, France, and Italy led slump in European factory output last month – while UK is also weakening

Guardian Book Blog

30.11.2024

Global trade tensions and cyber attacks ‘threaten UK economy’; UK Black Friday spending ‘up 12%’ – as it happened | Business | The Guardian

Bank of England says global risks remain high, and the outlook has become more uncertain and riskier

Guardian Book Blog

29.11.2024

Macquarie agrees £700m deal to buy UK-listed waste firm Renewi; Direct Line shares jump after rejecting Aviva’s £3.3bn offer – as it happened | Business | The Guardian

Australian investment bank returns after being rebuffed last year

Guardian Book Blog

28.11.2024

US economy ‘motoring along’ with 2.8% growth; coffee prices hit near-50 year high – as it happened | Business | The Guardian

Rolling coverage of the latest economic and financial news

Guardian Book Blog

27.11.2024

Donald Trump’s trade tariffs could cost US consumers $2,400 a year – business live | Business | The Guardian

Rolling coverage of the latest ecoonomic and financial news

Guardian Book Blog

26.11.2024

Wall Street hits record high after Scott Bessent nominated as US Treasury secretary – as it happened | Business | The Guardian

Bonds rally and dollar dips as investors welcome choice of billionaire hedge fund manager Bessent as next Treasury secretary

Guardian Book Blog

22.11.2024

Public sector pay rises and debt interest costs push up UK government borrowing; Bitcoin nears $100,000 – as it happened | Business | The Guardian

UK records the second highest October borrowing since 1993, while crypto-friendly Trump pushes up bitcoin

Guardian Book Blog

22.11.2024

British households’ energy bills will rise by 1.2% in January – business live | Business | The Guardian

Rolling coverage of the latest economic and financial news

Guardian Book Blog

21.11.2024

Ford to cut 4,000 jobs in Europe, with Germany and the UK hardest hit – as it happened | Business | The Guardian

US carmaker to lay off 14% of its European workforce

Guardian Book Blog

20.11.2024

Bank of England governor says budget measures could cost jobs, and argues for ‘gradual’ interest rate cuts – as it happened | Business | The Guardian

Rolling coverage of the latest economic and financial news

Guardian Book Blog

19.11.2024

UK consumer confidence drops as household finances are squeezed; UK and US sign civil nuclear collaboration deal – as it happened | Business | The Guardian

Rolling coverage of the latest economic and financial news

home›Guardian Book Blog›Economy

Guardian Book Blog - Economy

Davos day one: German chancellor Scholz says Putin must not win Ukraine war, as Greenpeace protesters disrupt WEF – as it happened | Business | The Guardian

David Beckham urges World Economic Forum to fight for girls’ rights – as it happened | Business | The Guardian

FTSE 100 share index hits record high; relief for Rachel Reeves as UK borrowing costs fall – as it happened | Business | The Guardian

UK economy returned to growth in November, driven by services – business live | Business | The Guardian

UK inflation unexpectedly dips to 2.5% in December – business live | Business | The Guardian

UK sells £1bn of bonds on most expensive terms since 2004 – as it happened | Business | The Guardian

Pound slides to fresh 14-month low as stocks fall; rise in UK borrowing costs reverses – as it happened | Business | The Guardian

Pound and UK bonds fall after strong US jobs report; UK gas storage levels are ‘concerningly low’ – as it happened | Business | The Guardian

Bond market turmoil eases as Treasury minister says ‘no need’ for government intervention – as it happened | Business | The Guardian

UK 10-year borrowing costs hit highest level since 2008, as Rachel Reeves’s fiscal headroom evaporates – as it happened | Business | The Guardian

UK long-term borrowing costs rise to highest since 1998 – as it happened | Business | The Guardian

Biden bans new offshore oil and gas drilling in most US coastal waters – as it happened | Business | The Guardian

Biden blocks Nippon Steel’s $15bn bid for US Steel over national security fears – as it happened | Business | The Guardian

Pound falls after weak UK factory data as US dollar rises – as it happened | Business | The Guardian

FTSE 100 rallies by 5.7% in 2024 in ‘a year of resilience’ for the stock market – as it happened | Business | The Guardian

Japan’s Nikkei and Germany’s DAX share indices both post 19% gains in 2024 – as it happened | Business | The Guardian

More UK retailers in critical financial distress, as Boxing Day sales footfall drops – business live | Business | The Guardian

American Airlines flight grounding cancelled; UK’s FTSE 100 rises 0.4% as ‘Santa rally’ begins – as it happened | Business | The Guardian

UK growth revised down to zero; firms warn economy is heading for ‘worst of all worlds’ – as it happened | Business | The Guardian

FTSE 100 share index records biggest weekly loss in a year, as US shutdown fears hit markets – as it happened | Business | The Guardian

Bank of England expected to leave interest rates on hold today; household water bills increase to be set – business live | Business | The Guardian

Company insolvencies rise across England and Wales; interest rate cuts less likely after UK pay growth accelerates – as it happened | Business | The Guardian

UK inflation reading for November forecast to rise further above Bank of England target – business live | Business | The Guardian

UK firms slash jobs after budget, but US economy booms; Royal Mail takeover gets government clearance – business live | Business | The Guardian

US inflation rises slightly; Close Brothers granted permission to appeal against motor finance ruling – as it happened | Business | The Guardian

Cost of average UK Christmas dinner rises by 6.5%, says Kantar; Ashtead to move listing to US – as it happened | Business | The Guardian

Rachel Reeves warns of greater trade barriers with EU unless relationship improves – as it happened | Business | The Guardian

Investors up bets on Federal Reserve interest rate cut after US jobs data – as it happened | Business | The Guardian

Stock market Santa rally underway; South Korean won hits two-year low as martial law declared – as it happened | Business | The Guardian

Eurozone manufacturing recession deepens; Stellantis shares fall after CEO’s resignation – as it happened | Business | The Guardian

Global trade tensions and cyber attacks ‘threaten UK economy’; UK Black Friday spending ‘up 12%’ – as it happened | Business | The Guardian

Macquarie agrees £700m deal to buy UK-listed waste firm Renewi; Direct Line shares jump after rejecting Aviva’s £3.3bn offer – as it happened | Business | The Guardian

US economy ‘motoring along’ with 2.8% growth; coffee prices hit near-50 year high – as it happened | Business | The Guardian

Donald Trump’s trade tariffs could cost US consumers $2,400 a year – business live | Business | The Guardian

Wall Street hits record high after Scott Bessent nominated as US Treasury secretary – as it happened | Business | The Guardian

Public sector pay rises and debt interest costs push up UK government borrowing; Bitcoin nears $100,000 – as it happened | Business | The Guardian

British households’ energy bills will rise by 1.2% in January – business live | Business | The Guardian

Ford to cut 4,000 jobs in Europe, with Germany and the UK hardest hit – as it happened | Business | The Guardian

Bank of England governor says budget measures could cost jobs, and argues for ‘gradual’ interest rate cuts – as it happened | Business | The Guardian

UK consumer confidence drops as household finances are squeezed; UK and US sign civil nuclear collaboration deal – as it happened | Business | The Guardian

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