Champs Elysees in lockdown

The Trader

Champs Elysees in lockdown

Last night, as all French Presidential candidates were setting out their stalls live on television, an armed man drove up to a police car on this iconic Parisian thoroughfare shooting one dead and wounding two other officers. Today was supposed to be the last day of campaigning but there are suggestions that these might be voluntarily cancelled. Pollsters, as is always the case in the last few days ahead of an election, will no longer canvass and publish public opinion.

Data from the Halifax out today show that the outlook for UK housing, as seen from the owners’ point of view, remains at its gloomiest in three years even though 58 per cent predict that prices will rise over the next 12 months. Their economist says, ‘confidence in the housing market is potentially settling into a new lower ‘’normal’’ [post Brexit]’. Probably with this in mind the Yorkshire Building Society announced a record new low variable rate mortgage of just 0.89 per cent.

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