More signs that US policymakers are preparing an aggressive stance on tackling inflation added to pressure on European markets today.
The tech-led Nasdaq fell more than 2% last night and the FTSE 100 index is lower after Federal Reserve minutes pointed to a half-point increase in interest rates in May as well as reduction in the central bank’s balance sheet.
Interest rates are also rising in the UK, but that’s not chilled the property market as Halifax today reported a 1.4% monthly increase in the average house price to £282,753.
