UK Economy

Chancellor Jeremy Hunt has attempted to lay out an optimistic vision for the UK economy but industry reactions say his speech lacked the detail required to shift the dial on a pessimistic outlook.

The British Pound fell after PMI data showed the UK economy slowed faster than expected in January in an outcome that contrasted unfavourably with surprisingly strong Eurozone figures.

UK current account back to equilibrium levels, leaving GBP fairly priced vs. EUR.

The British Pound held recent gains against the Euro and Dollar following official data that showed a slight downturn in headline UK inflation remains elevated in double-digit figures.

The UK economy added more jobs than expected in November while wages grew faster than expected, maintaining pressure on the Bank of England to continue raising interest rates.

Halifax has reported a 1.5% month-on-month decline in UK house prices, lowering the 2022 increase in house prices to 2.0%.

UK CPI inflation came in below analyst estimates when released mid-week, resulting in a softer Pound Sterling.

Signs emerging the labour market is developing some slack will mean the end of the cycle is now in sight.

UK economic growth data came in stronger than analysts were expecting when released on Monday, offering the Pound some sideline support at the start of what promises to be a pivotal week.

Inflation expectations are back at nine-year highs according to a Bank of England survey, maintaining pressure on the central bank to pursue higher interest rates.

New data shows UK house prices are falling and economists say this is just the start.

UK business confidence plumbed new lows in November and more firms intend to hike prices says Lloyds Bank.

Bank of England statistics reveal an increase in the amount of money saved by earners, while credit lending is below longer-term averages and mortgage approvals are falling in response to higher interest rates.

The UK economy shrunk in November according to the latest S&P Global PMI readings, however business expectations for the year ahead rebounded from a 30-month low.

UK government borrowing figures came in well below expectations on Tuesday, and this will further aid sentiment towards the British Pound say analysts.

GBP fell following some hotter-than-expected UK inflation data that suggested the Bank of England could not yet afford to quit its interest rate hiking cycle.

GBP was higher following reports UK wages came in stronger-than-expected in the UK's latest set of labour market statistics, but there are clear signs the market is cooling as the unemployment rate rose.

The British Pound held its Thursday gains against the Dollar, Euro and other major currencies following the release of UK GDP data on Friday that showed the UK economy shrunk 0.6% in September.

The fall in UK house prices has just begun, according to a new analysis.

Strong labour and wage data out of the UK suggests the Bank of England has little choice but to continue raising interest rates in order to stem demand and ultimately lower inflation.