The Bank of England will need to proceed with caution in the coming months as the UK's 6 million-strong public workforce seeks out above-inflation pay rises.
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UK business confidence rallied by 9 points to 50% in July, reversing June’s drop and matching May’s eight-year high, according to the Lloyds Bank Business Barometer.
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It might soon become apparent that the fiscal rules will be changed to allow for increased borrowing.
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Pound Sterling holds an uptrend against the Euro as the UK economy looks to be outperforming that of the Eurozone this July.
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Pound Sterling continues to retreat from recent highs, helped along the way by UK retail sales data that showed a sharp slump in activity in June.
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Just-released wage data are no smoking gun for an August interest rate cut, however Pound Sterling's bullish run could be entering a consolidative phase against the Euro and Dollar.
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The Bank of England faces the spectre of rising inflation once more as easy wins from goods and energy prices will no longer be able to flatter stubbornly high services inflation.
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Pound Sterling defended its recent gains after UK inflation hit the target in June and left markets none the wiser as to whether the Bank of England would proceed with an interest rate cut in Augus…
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The UK economy is forecasted by economists to maintain its positive momentum through the second half of the year.
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Pound Sterling rose after the UK's GDP rose more than expected in May, lessening the odds of an interest rate cut on August 1.
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A monthly labour market survey reports the fastest rise in permanent pay for eight months, underpinning a Bank of England policymaker's warning that an August rate cut is not warranted.
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The British Pound firmed ahead of the weekend, helped in part by news UK's economy grew more than was previously estimated in the first quarter of this year as the impact of rising incomes and fall…
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Businesses say their price expectations fell sharply to an 11-month low in June, a development that the Bank of England will welcome.
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The British Pound will head into the weekend with some wind in its sails thanks to an above-consensus retail sales print from the ONS.
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Growing confidence in the economy has driven another boosted overall UK consumer confidence in June, reports GfK.
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The British Pound rose after the UK reported another strong services inflation print, although the headline CPI inflation rate hit the Bank of England's 2.0% target.
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Reform UK has announced it would offer a tax cut in excess of £5000 for those earning more than £75000, but financial analysts say how it will be funded is unclear.
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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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The British Pound fell against the Euro and Dollar after the UK reported job losses and rising unemployment in its latest employment figures, although losses will be limited by still-high wage incr…
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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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