Here is what you need to know on Wednesday, December 6: The US Dollar (USD) outperformed its rivals for the second consecutive day on Tuesday, with the USD Index climbing to its highest level in nearly two weeks.
According to the UK central bank, many of the “vulnerabilities” which emerged in previous periods, such as the March 2020 crisis “remain largely unaddressed” and could surface again.
At the end of February, the Bank of England’s (BoE) Financial Policy Committee (FPC) published its promised consultation on plans to remove the mortgage affordability test, one of two recommendations first introduced in 2014. These recommendations comprise the loan-to-income (LTI) flow limit, which restricts the
The news that the Bank of England’s (BoE) Financial Policy Committee (FPC) intends to consult on withdrawing the affordability stress test in the first quarter of next year has been met with a range of opinions from market watchers. Yesterday in its latest financial stability report, the FPC announced it had reviewed