UK Economy

The British pound risks a setback against the euro and dollar following the release of underwhelming UK economic data.

Nielsen, a global consumer intelligence company, says the data shows UK households are under pressure.

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PMIs, consumer confidence, retail sales and government borrowing all point to a deterioration in conditions.

Soft undertones in the UK's monthly inflation report encouraged selling of pound sterling, but losses should be shallow.

The British pound fell against the euro, dollar and other currencies after the ONS said the UK economy grew just 0.1% in the three months of the third quarter.

Surprisingly large decline in payrolls reported.

The British pound rose against the euro, dollar and other major currencies after the UK's PMI survey showed private sector activity reached a two-month high in October.

A leading UK high street name warns about UK inflation holding above 3.0% well into next year.

Official growth data confirmed the UK economy slowed in the summer months.

A measure of UK business confidence has plummeted to its lowest recorded level amidst heightened uncertainty ahead of November's budget.

The UK government must do all it can to avoid stoking the UK's hot inflation rates.

Fears of a new tax raid in the Autumn has stalled the economy.

Pound Sterling softer after UK inflation meets expectations.

The British Pound extends gains against most peers on Tuesday.

The British Pound lost value against the euro and dollar after the ONS said UK economic growth flatlined in July, with increases in services and construction offset by a fall in production.

UK retail sales beat expectations in July, offering the Pound a boost ahead of the weekend.

However, gains are tepid and likely reflect news that "employment was again a weak spot".

Economists respond to another above-consensus inflation surprise, saying the Bank of England has little choice but to delay any further interest rate cuts.

UK inflation beat analyst expectations in July, negating the odds of another interest rate cut in 2025.