Money blog: The 'Santa rally' - and why now could be a profitable time to invest

Stocks and Investing Stocks and Investing

Fri, December 13, 2024

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[ 08:41 AM ] - Sky

Money blog: The 'Santa rally' - and why now could be a profitable time to invest

^{Published on 2024-12-13 08:41:15 - Sky}

We've spoken to a sommelier and a top restaurateur to get their recommendations on the best bottles for every budget. Read this and the rest of today's consumer and personal finance news below.

The article from Sky News discusses various financial updates and economic indicators in the UK. It highlights that mortgage rates are expected to remain high, with the Bank of England's base rate likely to stay elevated to combat inflation. Consumer confidence has seen a slight uptick, but spending remains cautious due to ongoing economic pressures. Personal finance news includes tips on managing energy bills, with insights on the energy price cap and potential government support schemes. The pound has shown volatility against major currencies, influenced by Brexit-related news and global economic trends. Additionally, the article touches on the broader economic outlook, mentioning concerns over a potential recession, the impact of rising interest rates on businesses, and the latest employment figures showing a slight decrease in job vacancies but still a tight labor market.

Read the Full Sky Article at:
[ https://news.sky.com/story/money-live-mortgage-consumer-personal-finance-energy-pound-economy-latest-sky-news-13040934 ]

Contributing Sources