A much-watched survey has revealed a rise in consumer confidence in November driven by rising real incomes and falling mortgage rates.
The British Pound advanced against the Euro, Dollar and other major currencies after the UK's PMI survey for November revealed the economy performed better than expected.
The British Pound fell against the Euro, Dollar and other major currencies after UK retail sales volumes fell to levels last seen during the pandemic lockdowns.
The British Pound was softer across the board after UK inflation figures for October came in below analyst expectations and verified market expectations that the Bank of England would be in a position to cut interest rates by the middle part of 2024.
The British Pound rose against the Euro, Dollar and most other currencies as an initial reaction to surprisingly strong UK wage numbers and news that the UK unemployment rate was unchanged in September.
A string of UK economic growth figures have roundly beat expectations, but the British Pound has found little comfort and is likely to remain under pressure over the coming days.
Clear evidence of a consumer downturn has been offered up by the CBI, which reports that retail sales tumbled for a sixth consecutive month.
The British Pound edged higher against the Euro and Dollar as an initial reaction to a better-than-expected labour market survey, but moves will likely be limited ahead of the PMI survey release due at 09:30 BST.
One of the UK's most accurate economic forecasters says UK house prices look set to experience a strong rebound in 2024 as a result of falling mortgage costs and improved household balance sheets.
The British Pound can remain under pressure against both the Euro and Dollar after UK retail sales came in at softer levels than expected, confirming the UK economy continues to slow.
A major UK-based bank has upgraded its UK growth forecasts following the sizeable revisions recently announced by the ONS and the economy's resilient performance in the first half of 2023.
The British Pound will remain under pressure against the Euro, Dollar and other major currencies with news UK inflation has come in at higher levels than markets were expecting likely to only offer limited upside, if any.
The British Pound was softer against the Euro and Dollar after the release of UK wage data that hints the labour market continues to cool and will help bring down inflation over the coming months, in line with the thinking at the Bank of England.
The British Pound looks to defend a run of small daily gains against the Euro and a more pronounced short-term rebound against the Dollar but will find little assistance from uninspiring GDP data.
The UK's labour market remained soft in September according to a key survey, however, there are also emerging signs that a recent soft patch for the sector could be about to come to an end, which could potentially send alarm bells ringing at the Bank of England.
There was a small, albeit clear, rise in the value of the Pound against the Euro and Dollar following the announcement of a sizeable upgrade to the UK's PMIs for September, which suggests the economy did not fare as poorly as previously thought.
A Bank of America survey of UK consumers shows an uptick in confidence this September, amidst a steadying unemployment rate and expectations for improved personal finances.
The ONS upgraded its previous estimates for the growth in the UK economy following the introduction of more accurate measurements and revealed households saw an uptick in real disposable income.
A monthly survey of UK businesses reveals that firms continue to expect to raise prices and offer wage increases, evidence that domestic inflationary pressures will likely remain elevated.
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