CPI INFLATION INCREASES TO 0.5% IN JUNE

July 19, 2016

CPI Inflation for June year on year has increased to 0.5% which is higher than market expectations. The impact of Brexit and the fall in sterling will undoubtedly carry inflation higher still, with some forecasts showing a rise to 3% … Continue reading

CHAPS AND CREST EXTENDED SETTLEMENT DAY

June 20, 2016

The Bank of England has announced that following successful testing in RTGS on Saturday 18th June, the extended CHAPS and CREST settlement day will be implemented as planned from today, Monday 20th June 2016. A summary of the new timetable … Continue reading

UK FIRST QUARTER GDP NUMBERS FAIL TO EXCITE MARKETS

May 26, 2016

The second revision of the UK’s Q1 GDP numbers shows year-on-year growth down to 2%, with household spending holding the main source of good news while earnings improve and inflation remains low. Non-domestic building investment is down and the referendum … Continue reading

NORTHERN TRUST JOINS THE LMMA

May 13, 2016

Northern Trust, the global investment and asset management company, has become the latest financial institution to become a member of the LMMA. The membership of Northern Trust illustrates again the diversity of institutions within the LMMA and is one of … Continue reading

BANK RATE REMAINS AT 0.5% BUT BANK OF ENGLAND CONCERNED ABOUT THE EFFECTS OF BREXIT

May 12, 2016

The MPC at its meeting today maintained Bank Rate at 0.5% and QE at ¬£3.75 billion. While the economic outlook had improved in some areas, there is a concern that the impending EU Referendum was causing uncertainty affecting business investment … Continue reading

BANK OF ENGLAND TO INTRODUCE EXTENDED HOURS FOR UK PAYMENTS SYSTEM

May 11, 2016

Following engagement with the financial industry and users, the CHAPS and CREST settlement day will be extended from Monday 20th June 2016 by one hour and forty minutes to 18:00. In order to facilitate this change, the Bank of England … Continue reading

LEGAL & GENERAL INVESTMENT MANAGEMENT JOINS LMMA

May 10, 2016

Legal & General Investment Management (LGIM), one of the world’s largest and fastest growing asset managers, has become the latest financial institution to join the LMMA. This brings the total membership of the LMMA to 33.

FED LESS CONCERNED ABOUT GLOBAL ECONOMIC RISKS AMID SLOWER GROWTH IN US

April 27, 2016

The Fed today left rates unchanged but noted that global economic risks had eased since March, leaving the door open for a further tightening later this year. In the UK, economic growth has also slowed but not enough for some … Continue reading

UK INFLATION RISES IN MARCH

April 12, 2016

The ONS announced today that Consumer Price Inflation for March had risen to 0.5% from 0.3% in February. This is still well away from the Bank of England target of 2% and probably doesn’t mean too much in terms of … Continue reading

US FED SPLIT ON NEXT RATE MOVE

April 7, 2016

The minutes of the US Federal Reserve’s March meeting show opinion divided as to how soon and how much interest rates should increase in 2016.¬†Latest employment data are particularly open to interpretation resulting in a difference in views within the … Continue reading

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    MPC HOLDS RATES…………FOR NOW

    February 8, 2018

    Bank of England’s Monetary Policy Committee (MPC) today left Bank Rate and QE unchanged, as widely if not universally expected. What was unexpected was the latest “forward guidance” that the next rate increase is likely to happen sooner than later … Continue reading

    CONTACT US

    London Money Market Association,
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    Email: Ian.Mair@LMMA.org.uk
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    Email - Ian.Mair@LMMA.org.uk