UK Economy

The UK economy remained stagnant in February, as weak demand and rising costs led to the sharpest private sector job cuts since November 2020, a survey showed on Wednesday.

The British Pound rose against the Euro and Dollar after UK retail sales easily beat expectations and the government recorded a rare financial surplus in January.

Inflation is marching higher, say economists, citing strong wage growth and impending tax hikes for businesses.

Pound Sterling's outlook against the Euro is bolstered by the release of an above-consensus UK inflation reading that limits the scope for further Bank of England rate cuts.

A strong set of employment figures took pressure off the Bank of England to cut interest rates next month, boosting the British Pound in the process.

The British Pound moved higher against the Euro, Dollar and other major currencies after UK GDP data for the final quarter of 2024 beat expectations.

The Bank of England (BoE) has raised its inflation forecasts for the year ahead, warning that consumer prices will climb more sharply than previously expected due to rising global energy costs and regulated price increases.

Despite recent signs of moderation, experts predict UK house prices could grow faster than many anticipate in the coming months.

The British Pound extended gains against the Dollar and closed a deficit against the Euro after survey data showed the UK economy outperformed expectations in January.

Consumer confidence dropped in January amidst growing anxiety about the UK economic outlook.

Strong demand for UK sovereign debt will help the Chancellor sleep easier.

Rising unemployment and expectations for wage growth to have peaked will allow the Bank of England to cut interest rates in February and perhaps on three further occasions.

The rise in borrowing costs means Chancellor Rachel Reeves is on course to find an additional £15BN to maintain her fiscal 'headspace'.

The British Pound fell against the Euro, Dollar and other currencies after the ONS revealed a shock decline in retail sales for December.

The UK private sector, then the engine of the UK economy, has stagnated and could be in the throes of recession.

The UK economy is entering a period of low growth and high inflation, also known as stagflation.

UK inflation undershot expectations in December, but it will pick up again as businesses pass the cost of tax hikes to customers.

The British Pound reached a new multi-week low against the Euro and softened against the U.S. Dollar after UK inflation undershot expectations.

Bond yields have settled amidst indications Chancellor Rachel Reeves is ready to cut spending.

UK government bonds, the Pound, and UK stocks are falling. Small businesses in the UK say Chancellor Rachel Reeves and her government must change course.