The UK Economy

“There’s fool’s gold—pyrite—and then there’s fool’s gold—gold owned by idiots willing to trade it for worthless dollars.” ~ Jarod Kintz Some blame Cyprus.  Others blame China.  Yet others blame the U.S.  Regardless of whom you choose to blame, the price of gold has declined in the last two days of trading from $1,561 per ounce […]

Renters now spend an extra four weeks at work paying off their home New Halifax research showed that April 13th was is this year’s Mortgage Freedom Day in the UK; as on the 103rd day of the year new UK homeowners will have finally earned enough to pay off the annual cost of their mortgage. […]

Service being launched in conjuction with the Bank of Ireland The UK Post Office has announced it will enter the current account market during spring 2013 in a move that is set to make it one of the largest providers of financial services on the high street. The current account, which will be provided by […]

Vince the Cable Guy is much more refined than his American cousin, Larry, but he is certainly no less opinionated.  In fact, he has managed to grab quite a few headlines in the last several days as he flexes his muscle as Britain’s Business Secretary in attempts to correct all that he perceives is wrong […]

Bank of Scotland data shows limited growth to Scottish economy The latest Business Monitor shows a marginal improvement in the Scottish economy. In the three months ending February 2013, 29% of firms surveyed increased turnover, 37% experienced static turnover, and just over a third (34%) experienced a decrease. This gave a net balance of -5%; […]

Research by Lloyds finds that total net household wealth up by an estimated £2.71 trillion since 2002 Total household wealth for the end of 2012 is now estimated at £7.05 trillion, while there has been an increase of £2.71 trillion over the past decade; equivalent to a rise of £86,000 per household. The value of […]

In the yesterday session, the GBPUSD was moving in ranging, showing an unclear trend in the short term for this pair. The GBPUSD is facing with a resistance level at 1.5369. The cable is currently developing a lower high pattern, which, if it does a breakout at the resistance level in 1.5369, the cable can […]

The share price of Xcite Energy (LSE:XEL) jumped as much as 8.25% to 117.25 by 13:00 today on news that its Bentley Oil Field holds much more in reserves than originally thought. It was just over a year ago (20 February 2012) that Xcite announced that preliminary research indicated that the field contained some 550 million […]

Deal extends the professional relationship between the two listed companies. Under the new partnership, Aon will become the first ever partner of the Club’s training facility at Carrington. Manchester United and Aon designed a new extension at the facility to showcase how Aon “Empowers Results” for its clients and to provide the Club with greater […]

The GBPUSD made ​​significant resistance breakouts last week, which led to this pair to take a very bullish way. The cable is developing a lower high pattern in this graph, after having made ​​a breakout of resistance at 1.5307. It is very possible that the GBPUSD rises to 1.5416 resistance, but we must be careful […]