Sajid Shaikh

4 weeks ago | aol.co.uk | Sajid Shaikh

Behold the heatwave! The temperatures, after dipping into the teens – and even lower with cloud cover to boot – are rising again amid the promise of more sunshine this weekend. Past that weather report, in the world of finance a lot has happened this week.

4 weeks ago | finance.yahoo.com | Sajid Shaikh

The UK-US trade deal has received a mixed response from markets, with most remaining guarded about its long-term prospects. Hailed as a 'breakthrough and great deal' by US president Donald Trump on Thursday, the US-UK pact is the first for his administration since imposing — then pausing — sweeping "reciprocal" tariffs against all trading partners in early April. Under the deal: US tariffs on British cars fall to 10% for the first 100,000 vehicles exported to the US.

4 weeks ago | aol.co.uk | Sajid Shaikh

The UK-US trade deal has received a mixed response from market observers, with most remaining guarded about its long-term prospects. Hailed as a 'breakthrough and great deal' by US president Donald Trump on Thursday, the US-UK pact is the first for his administration since imposing — then pausing — sweeping "reciprocal" tariffs against all trading partners in early April. Under the deal:US tariffs on British cars fall to 10% for the first 100,000 vehicles exported to the US.

Oct 18, 2023 | aol.co.uk | Sajid Shaikh

The UK inflation remained unchanged at 6.7% in September, according to the Office for National Statistics. Data published on Wednesday showed falls in food and drink prices were cancelled out by rise in fuel prices and hotel accommodation. However, there was a slight drop in core inflation to 6.1%, from the 6.2% seen in August, suggesting the Bank of England may decide to hold interest rates in November meeting.

Aug 2, 2023 | ca.news.yahoo.com | Sajid Shaikh

Governor of the Bank of England Andrew Bailey. The BoE is expected to hike UK interest rates on Thursday. Photo: Henry Nicholls/AFP via GettyThe Bank of England (BoE) is likely to raise interest rates by 0.25% to 5.25% when the monetary policy committee (MPC) meets on Thursday. If the MPC goes ahead with the rate rise, which is widely expected by markets and forecast by analysts, this will be the 14th consecutive increase and record high since the 2007/08 financial crisis.