FIVE at FIVE: Mortgages soar again; Amazon loses users; Rising wages; Footsie flat; British Land beams optimism
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Company
Bank of England
PRIVATE:BOE
The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people. The Bank was established in 1694 to act as banker to the Government. We are still owned by the Government, but we set monetary policy independently.
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No relief for homeowners as mortgage rates near mini-budget levels
Bosses from Lloyds, Santander and Skipton will be grilled by MPs today
FIVE at FIVE: FTSE 100 drops; Threads kills Twitter; Currys tough trading; higher interest warnings; Jet2 news mixed
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Mortgage and savings rates... Mind the gap
Mortgage and savings rates continue to distance as lenders hike the former
Five-year fixed mortgage rates pass 6% as savings row continues
Average five-year fixed mortgages surpassed 6% on Tuesday
Mortgage rate hikes see seller discounts skyrocket
Around one-third of homes listed up for sale were being offered at a discount in late June, according to Rightmove
Gilt purchases by DIY investors skyrocket as Bank of England hikes rates
Some investors seem to be holding the UK government bonds to maturity, locking in yields of more than 5%, while some are betting on the sensitivity of long-dated bonds
Archive
Dow Jones closes lower as Powell's hawkish commentary sours sentiment
The tech-laden Nasdaq closed up 0.3% at 13,592 points, while the S&P 500 finished the day where it started at 4,377 points and the Dow Jones lost 0.2% at 33,854 points