UK Economy - Results from #320

02 June 2023 UK House Price Forecast Update Following Latest Nationwide House Price Data

UK house prices are forecast to fall further with one economist saying a near-10% decline can be expected from here.

25 May 2023 Bank of England to Hike to "At Least" 5% says NatWest

One of the UK's largest high street lenders says the recent rise in UK core inflation in April represents a "game-changer" moment for UK interest rates and the broader economic outlook.

25 May 2023 UK Retailers Shed Jobs at Fastest Rate Since 2009, But Price Rises to Remain Elevated

UK retailers are shedding jobs at the fastest rate since the recession of 2009 in a sign slack is starting to build in labour force, however the Bank of England won't welcome findings price rises a…

24 May 2023 Bank of England to Hike in June, August and September Suggest Money Markets in Wake of Surprising Inflation Data

The Bank of England is expected to hike interest rates on a further three occasions according to market-based expectations following the release of inflation data that was stronger than analysts we…

24 May 2023 UK Manufacturing Gloom Deepens: CBI Survey

Sentiment among manufacturers deteriorated and output volumes fell moderately in the three months to May, according to the CBI's latest Industrial Trends Survey.

24 May 2023 Pound Sterling Looking Vulnerable as Markets Consider Implications of Consensus-Busting Inflation Data

Headline UK inflation has fallen back sharply when compared to a month ago, but the fall was not great enough to undershoot market expectations, leaving the Pound supported.

23 May 2023 UK Government Borrowing Surges in April, But Too Soon for Treasury to Panic Says One Economist

UK Public Sector Net Borrowing experienced an unexpected rise in April, reaching £24.74 billion, up from £20.02 billion in March.

19 May 2023 UK Economic Revival to be Driven by Rebounding Consumer Confidence says Berenberg

Holger Schmieding, Chief Economist at Berenberg Bank, believes that UK consumers can anticipate a more favourable year ahead as inflation subsides and real wage growth turns positive.

19 May 2023 UK Private Rental Market Witnesses 4.7% Increase in Prices Over the Past Year, Reports Rentola

Rentola, a property rental site, has released recent data highlighting a 4.7% surge in rental prices within the private rental market across the United Kingdom (UK) over the past 12 months.

12 May 2023 Soggy Economy: UK GDP Falls in March Amidst Wet Weather and Strikes, But Q1 Growth Confirmed

The UK economy contracted in March as the services sector recorded a slump amidst wet weather and ongoing public sector strikes and it will only be in the third quarter that economists expect to se…

21 April 2023 UK Consumer Confidence Rise Hints at "Green Shoots of Recovery" says GfK

The GfK Consumer Confidence Barometer posted a third consecutive monthly gain in April as it reached its highest level since February 2022.

21 April 2023 Pound-Euro Struggles after Retail Sales Disappoint and Eurozone PMIs Surge

The Pound to Euro exchange rate could struggle to hold a small weekly advance after UK retail sales figures disappointed.

19 April 2023 Pound Sterling Rallies as Inflation Data Book Another Bank of England Rate Hike

The British Pound jumped against the Euro, Dollar and the majority of its peer currencies after a flush of stronger-than-expected UK inflaton figures that seal another interest rate hike at the Ban…

18 April 2023 "Not Nearly as Hot" - Labour Market Slowdown Underway say Economists

The UK reported another strong set of labour market statistics that will maintain pressure on the Bank of England to raise interest rates again in May, however, signs of a slowdown are becoming inc…

18 April 2023 Pound Rises after UK Wage Data Proves Unexpectedly Strong,

Searingly hot wage data will keep pressure on the Bank of England to raise interest rates further, which could in turn ensure the British Pound remains supported.

17 April 2023 A Hot UK Inflation Reading Prediction from Barclays but Lloyds sees "Sharp Falls"

Economists at UK high street bank Barclays are forecasting inflation figures that will beat market expectations when released on Wednesday, however, Lloyds Bank's economists are looking for a "shar…

13 April 2023 Pound Sterling Advances as Economy Continues to Defy Gloomy Expectations

The British Pound edged higher against the Euro and Dollar in the wake of UK economic growth data that confirms the UK economy is set to avoid recession in the first half of 2023.

04 April 2023 Bank of England's Pill Hints Interest Rate Cuts in 2023 an Unlikely Prospect, Hints at Another Hike in May

The Bank of England's Chief Economist warned it could still be too soon for the Bank of England to pause its interest rate hiking cycle.

31 March 2023 House Price Downturn Gathers Price with More to Come say Economists

The UK's second-largest mortgage provider says UK house prices recorded a seventh consecutive monthly decline in March.

31 March 2023 Pound Sterling Outlook Brightens as Economic Growth Revised up, Current Account Deficit Falls Sharply

The UK economy grew in the final quarter of 2023 after the ONS revised higher its GDP figures, separate data meanwhile showed the UK's current account deficit shrank substantially in the quarter.