The Pound shed some of the previous day's gains after a survey of the UK economy showed a slowing in activity during May.
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Economists at JP Morgan expect the Bank of England to cut interest rates in August, but details in the April inflation print warn of growing risks that a 2024 rate cut might not happen at all.
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The odds of a June interest rate cut at the Bank of England have fallen to just 15% from above 50% in the days before Wednesday's UK inflation release.
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The Pound to Euro exchange rate powered to its highest level since March at 1.1736 after UK inflation fell to 2.3% year-on-year in March, a figure that was higher than the market and the Bank of En…
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According to a much-watched survey, UK manufacturers reported that output volumes rose in the three months to May, for the first time since November 2022.
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A business "investment resurgence" is underway as UK companies look to invest in equipment, according to researchers at Deutsche Bank.
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UK wage pressures are increasing and the official unemployment figures are likely too pessimistic. These are some of the reactions to the UK's latest labour market report.
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The British Pound firmed following the release of a surprisingly strong UK wage report that will concern policymakers at the Bank of England.
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The British Pound has rallied against the Euro, Dollar and other currencies after UK economic growth rebounded strongly in the first quarter.
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The British Retail Consortium says shop prices have been "brought to heel" as the trend of disinflation continued into April, raising hopes that the Bank of England can soon cut interest rates.
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UK business confidence is "blooming into spring" reports the Lloyds Bank Business Barometer on the back of findings confidence remained steady for a second month at a high level.
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UK consumer confidence improved further in April, confirming the upward trend of the past year and boosting the odds of stronger economic growth in the coming months.
Read more →A new survey of British manufacturers reveals that companies are readying to boost output in the coming months, fueled by increasing confidence.
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The British Pound is recovering against the Euro and Dollar after data showed the economic rebound strengthened in April, as did inflationary pressures facing UK businesses.
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This week's above-consensus UK inflation report provides the first tentative signals that the disinflation trend in the UK is stalling.
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A summer interest rate cut at the Bank of England is increasingly unlikely, according to economists at the National Institute of Economic and Social Research (NIESR).
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The British Pound has received a boost after the latest UK inflation print exceeded expectations.
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The British Pound dipped against the Euro and Dollar after the unemployment rate in the UK rose to 4.2% in February from 3.9%, which was higher than the 4.0% expected by the market.
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The British Pound was broadly supported after the ONS said the UK economy grew in February and revised higher its initial estimate for January's growth.
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The British Retail Consortium's monthly measure of retail sales hit an eight-month high in March, which points to an ongoing revival of the UK retail sector, according to economists.
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