Breaking Economic News
UK mortgage approvals fall 10% in November
UK mortgage approvals fell 10. 6% year on year with gross mortgage lending across the residential market in November down 2% to £23. 1bn, according to industry data released on Friday.
US Fed defies Trump and raises interest rates to 2.25-2.5%
The US Federal Reserve on Wednesday defied President Donald Trump and raised interest rates by 0. 25% to a target range of 2. 25%-2. 5%, but lowered forecasts for future increases.
Airline industry to enjoy tenth year of profits in 2019 - IATA
The airline industry will see profits take off for the tenth year in a row in 2019, according to the International Air Transport Association, as oil prices soften and the global economy expands.
House prices to remain flat in 2019, predicts Rightmove
Overall house price growth will stall in 2019 as the UK gears up to quit the European Union, according to forecasts published on Friday.