UK Economy - Results from #300

11 August 2023 UK Economy: Business "Investment Boom" Underway says Berenberg

A business investment boom might be underway in the UK as businesses utilise their considerable cash balances amidst an improved political landscape and despite rising interest rates.

11 August 2023 Pound Sterling Rises against Euro and Dollar after UK Economy Defies the Pessimists

The UK economy was firmly back in growth territory in June according to the latest GDP figures from the ONS which also revealed a solid uptick in quarterly and annual growth.

02 August 2023 Government Hiring Spree Props up the Jobs Market

One of the UK's largest recruiters reports a sizeable increase in job vacancies being advertised by the government.

01 August 2023 Businesses' Inflation Expectations at 11-month Low

The Bank of England can be increasingly confident the impact of previous interest rate hikes are having an impact as British businesses reported in July that their expectations for inflation had fa…

27 July 2023 City Jobs Market Points to "Considerable" Decline in Salary Change

Salaries being offered to new starters in London's financial services industry are down sharply, raising hopes that a wage-lead inflation spiral is unlikely.

26 July 2023 Pound Sterling Underpinned by Multi-month High in Consumer and Business Confidence Readings

Pound extends recovery against Euro & Dollar, UK consumer confidence at 18-month peak.

25 July 2023 Bank of England "Pause" Seen in Pipeline after S&P Survey Hints of Inflation Deceleration

Some economists say a widely monitored private sector survey is an indication that UK inflation could fall notably further by year-end, leading the Bank of England (BoE) to "pause" its interes…

19 July 2023 Bank of England Tipped to Hike by 25 Basis Points in August as Economists React to Inflation Undershoot

Economists say although the prospect of a second consecutive 50 basis point rate hike in August has greatly receded following softer-than-expected June inflation figures, an elevated services infla…

19 July 2023 Pound Sterling Hurtles Lower against Euro and Dollar Following "Watershed" Inflation Reading

Good news for households and businesses as UK inflation came in well below expectation in June, but for the British Pound the slowdown in price rises could spell weakness.

13 July 2023 UK Economic Forecasts: Some See Growth, Others Recession

Some economists are forecasting UK economic growth to pick up through the remainder of 2023, although others warn of a recession taking hold as higher interest rates begin to bite.

13 July 2023 UK Economy Outperforms Forecasts as Growth Nears Standstill

The UK economy outperformed expectations for the month of May when an additional public holiday connected with the King's Coronation had less of a negative impact than many envisaged though was sti…

11 July 2023 UK Jobs Report: Pound Sterling Rises Against Euro, Hits New 2023 Best Against Dollar

Pound to Euro rate rises to 1.17 in the immediate aftermath of the UK labour market release while the Pound to Dollar exchange rate goes to a new 2023 best at 1.2899.

06 July 2023 Key Bank of England Inflation Yardstick Offers Little Comfort: DMP Latest

A key Bank of England yardstick used to ascertain domestic inflationary pressures confirms UK wage inflation remains resolutely sticky, casting doubts on the Bank's ability to bring inflation back …

30 June 2023 Business Confidence Jumps to a 13-Month High, Wage Pressures Elevated: Lloyds Business Barometer

According to the Lloyds Bank Business Barometer, businesses haven't been this chipper since last May as they report a 9ppt improvement in sentiment.

30 June 2023 Great British Public "Steps Up" to Fund an Indebted Government

The Great British public has "stepped up remarkably" in funding government borrowing shows a new analysis from Deutsche Bank.

29 June 2023 UK to Avoid Mortgage-induced Recession Shows New Research

Berenberg says UK to avoid a recession, Pantheon Macroeconomics says mortgage hit to be contained, but Capital Economics still reckons recession is likely.

23 June 2023 PMIs Confirm Inflationary Pressures Alive and Well

The UK economy continued to slow in June according to a survey that also revealed significant inflationary pressures remain embedded in the economy.

23 June 2023 UK Retail Sales Surprisingly Strong as Consumer Sentiment Continues to Rebound

UK retail sales unexpectedly rose by 0.3% in May according to ONS data released ahead of the weekend.

22 June 2023 Bank of England To Hit 6.0% Says NatWest

The Bank of England has had a "crossing the rubicon" moment and will hike interest rates by a further 100 basis points before the year is done says NatWest Markets.

21 June 2023 "Substantial Deceleration" in Inflation Beckons as PPI Slides Say Economists

There was some good news contained in the tranche of inflation data released midweek: the price pressure pipeline is weakening as UK manufacturers see falling costs.