Articles

  • 1 week ago | bloomberg.com | Sam Unsted |Morwenna Coniam |Isabella Ward

    FTSE 100 Live: Pound Rises as UK Inflation Stays Well Above BOE’s Target

  • 1 week ago | bloomberg.com | Morwenna Coniam |Isabella Ward |Sam Unsted

    While the pound’s drop today follows a small advance yesterday, it’s notable that it’s again underperforming the majority of G-10 peers. Yesterday it lagged other currencies such as the euro, even as it benefitted from dollar weakness. A gauge of the dollar today is little changed, as attention is perhaps less on trade issues and more on concerns about the Middle East, so the pound’s decline is not purely a counterpoint to sentiment towards the US currency.

  • 1 week ago | bloomberg.com | Sam Unsted

    Oil prices have pared an earlier rise but held onto the jump seen at the end of last week as Israel and Iran continue attacks on each other. Brent oil jumped by as much as 5.5% earlier, before paring that rise to around 0.6%. Israel launched an attack on the South Pars gas field, forcing the halt of a key production platform. The biggest fear remains around the Strait of Hormuz, where Middle East oil producers ship around a fifth of the world’s daily output.

  • 2 weeks ago | bloomberg.com | Sam Unsted

    The rise in oil and gold prices may mean, as futures are indicating, that the FTSE 100 will outperform other benchmarks even as they all fall. Though their influence on the index has diminished, Shell and BP remain two of its largest stocks. The gold miners are much smaller but, owing to their big jumps this year -- Fresnillo up 128%, Endeavour up 64% -- that’ll be more significant than it was in the past.

  • 2 weeks ago | bloomberg.com | Sam Unsted

    Economists expect output to have fallen by 0.1%, compared to 0.2% growth in March. A reminder that the monthly GDP figures are more prone to volatility than the quarterly readings.

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Sam Unsted
Sam Unsted @SamUnsted
14 Mar 25

RT @business: UK households are facing a hit of almost £600 in April as bills rise, Bloomberg calculations show @SamUnsted explains https:…

Sam Unsted
Sam Unsted @SamUnsted
9 Jan 25

RT @alexwickham: Suggest today is the day to get one, subscribe @BloombergUK here >>> https://t.co/SC6jxNSSoO

Sam Unsted
Sam Unsted @SamUnsted
30 Oct 24

RT @lizzzburden: I'll be hosting a post-Budget live Q&A -- a new feature on Bloomberg! -- with @John_Stepek, @_DavidGoodman and @MorwennaCo…