Mark Carney is about to show if he can make good on George Osborne’s Mansion House promises.
New Zealand’s dollar surged the most in four months after the central bank raised interest rates and flagged further increases, boosting demand for the nation’s currency.
Mark Carney has given himself one month to decide on what to do about the hottest topic in the U.K. economy: the housing boom.
The Bank of England kept borrowing costs at a record low today as policy makers look to untested tools to control Britain’s surging housing market.
U.K. house prices rose in the three months through April and demand for properties continues to outstrip supply, according to Halifax.
The pound strengthened to an 11-week high against the euro as European Central Bank President Mario Draghi said the Governing Council was ready to increase stimulus next month if needed, damping demand for the common currency.
U.K. house-price growth accelerated in March and a shortage of homes for sale will put further upward pressure on values, according to the Royal Institution of Chartered Surveyors.
Following is a summary of the September housing market survey from the Royal Institution of Chartered Surveyors in London:
Following is the table by category of the September housing market survey from the Royal Institution of Chartered Surveyors in London: