UK Economy - Results from #260

07 December 2023 UK Economy Outperforming Bank of England's Expectations: Panmure Gordon

Incoming data shows the UK economy is outperforming the Bank of England's most recent round of forecasts, according to a leading economist.

30 November 2023 21-month High for UK Business Confidence, But Prices Continue to Rise

UK businesses are decidedly more chipper about their prospects as we approach the end of a challenging year.

24 November 2023 Consumer Confidence Boosted By Rising Real Incomes, Falling Mortgage Rates

A much-watched survey has revealed a rise in consumer confidence in November driven by rising real incomes and falling mortgage rates.

23 November 2023 PMIs Boost Pound Sterling Against Euro And Dollar

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.

17 November 2023 Pound Sterling Falls Against Euro, Dollar After Retail Sales Slump to Covid-era Volumes

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.

15 November 2023 Pound Sold After UK Inflation Plummets

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 posit…

14 November 2023 Pound Sterling Bid vs. Euro & Dollar Following Hot Wage Print

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 Septe…

10 November 2023 Not Even a GDP Beat Can Save the Sinking Pound

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.

09 November 2023 PwC Upgrades UK Economic Forecast, Says Recession to be Avoided

The UK will avoid recession but is likely to contract in the third quarter of this year, says PwC.

26 October 2023 Internet Sales Volumes Fall At Fastest Pace On Record: CBI

Clear evidence of a consumer downturn has been offered up by the CBI, which reports that retail sales tumbled for a sixth consecutive month.

24 October 2023 Pound Sterling Rises against Euro and Dollar on "Less Bad" PMI and Labour Market Stats

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 du…

24 October 2023 UK House Prices Forecast To Rebound 5% In 2024 By Pantheon Macroeconomics

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.

20 October 2023 UK Retail Sales and Consumer Confidence Slide in Latest Setback For the Pound

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.

19 October 2023 UK GDP Growth Forecasts Upgraded at Standard Chartered

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.

18 October 2023 Pound Sterling: UK Inflation Beats Expectations

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…

17 October 2023 Pound Sterling Under Pressure After Wage Data Points To Another Bank of England Hold

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, …

12 October 2023 Pound Sterling Defends Gains Following News The Economy Returned to Growth in August

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.

11 October 2023 Bank of England's Wage and Job Forecasts at Risk as REC Reports Market Slowdown Might be Bottoming

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 c…

04 October 2023 Pound Rises on Upward Revision to September's PMI Data

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 econo…

29 September 2023 Bank of America Survey Shows Improved Consumer Confidence and Stable Unemployment Rates

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.