Monthly Archives: August 2017

Why is the pound so low against the euro?

The holiday season is in full swing. And whether you prefer sun, sand and sangria or meze, Metaxa and monuments, it can’t have escaped your notice that the whole getting-away-from-it-all thing is a lot more expensive now. At least, that … Continue reading

Posted in Finance, Updates | Comments Off on Why is the pound so low against the euro?

Pay growth forecasted to stay weak

Pressure on incomes looks set to continue, with pay rises forecast at 1% over the next year, a survey predicts. Despite falling unemployment, wage growth is weak because the supply of labour has also gone up, says the Chartered Institute … Continue reading

Posted in Finance, Updates | Comments Off on Pay growth forecasted to stay weak

FCA to scrap LIBOR rate by 2021

The FCA has announced that the LIBOR rate will be scrapped by 2021, as it is a “less useful benchmark than it used to be”. Twenty panel banks submit contributions to the benchmark, which measures how much they’d be able … Continue reading

Posted in Finance, Updates | Comments Off on FCA to scrap LIBOR rate by 2021

Eurozone unemployment rate falls to 9.1%

The unemployment rate in the eurozone has fallen to its lowest level since February 2009, according to the latest official figures. The rate dropped to 9.1% last month, from a downwardly revised 9.2% in May. Separately, inflation remained unchanged in … Continue reading

Posted in Finance, Updates | Comments Off on Eurozone unemployment rate falls to 9.1%