British house prices rose in annual terms by more than 1% for the first time in 12 months in December, but uncertainty about Brexit is likely to weigh on the market again in 2020, mortgage lender Nationwide said on Friday.
The 21st century's teen years, bookended by a financial crisis at the start and the fintech revolution at the end, were a decade of disruption. From negative borrowing costs to bitcoin, here are ten trends that have upended traditional economic and investment models in the past decade:
The Bank of England kept interest rates steady on Thursday, saying it was too soon to gauge how much Prime Minister Boris Johnson's election victory would lift the Brexit uncertainty that has hung over the economy.
British house prices are expected to rise around 2% next year, little changed from this year, as uncertainty around Brexit is likely to lift only briefly, the Royal Institution of Chartered Surveyors (RICS) said on Thursday.
Global fund managers kept their recommendations largely steady in December, with a preference for equities turned down slightly despite a rally in world stocks, which has set the S&P 500 on course for its best year since 2013, a Reuters poll showed.
Britain's new government named Andrew Bailey as the Bank of England's next boss on Friday, entrusting a veteran regulator and technocrat with steering the economy and its vast finance industry through Brexit.