The Federal Reserve is on course to cut interest rates in September and again in December, according to economists.
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The UK economy flatlined in April but this won't upset a steady multi-month trend of recovery, and analysts say the next government will inherit a tailwind of growth.
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Key members of the European Central Bank's Governing Council have warned on Friday that there is no date set for another interest rates cut.
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US growth expectations have dramatically decreased, raising concerns about an impending recession, says Albert Edwards, Société Générale SA's chief global strategist.
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UK retail sales showed modest growth in May, sparking cautious optimism among retailers as they look ahead to major events like the Euros and the Olympics to boost consumer confidence and spending.…
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Business confidence in the UK reached an eight-and-a-half-year high in May, buoyed by rises in trading prospects and economic optimism.
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New data from the CBI shows UK retail sales rose at their fastest pace since December 2022 in May.
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