UK Economy - Results from #340

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.

31 March 2023 Business Confidence in the UK Climbs to Ten-month High

Business confidence is at a ten-month high, according to the Lloyds Bank business barometer.

24 March 2023 UK PMIs: "Input Cost Inflation Falls to a Two-year Low"

The Bank of England's most recent interest rate hike could be the last as new survey data shows a sharp drop in inflation experienced at UK private sector businesses.

22 March 2023 Pound Rallies after UK CPI Inflation Jumps, Heaps Pressure on Bank of England to Raise Rates Further

The British Pound was higher in the wake of UK CPI inflation that beat expectations in February and raised the prospects of further Bank of England interest rate rises.

14 March 2023 Pound Sterling Holds Gains, Even as Wage Deceleration Gives Bank of England Cause to Pause

The British Pound held its recent gains against the Euro and U.S. Dollar following the release of data that showed the UK's labour market remained 'tight', ensuring the prospect of another rate hik…

10 March 2023 Pound Sterling: GDP Growth Beats Expectations, But Outlook against Euro and Dollar Remains Fragile

The British Pound remained on a fragile footing against the Euro and Dollar following the release of UK GDP data that showed the economy grew 0.3% in January.

09 March 2023 Chancellor Hunt will Have Billions to Play with Next Week

Chancellor Jeremy Hunt will have billions of extra pounds at his disposal when he announces the Spring Budget next week, which should afford him the chance to bring relief to certain households and…

09 March 2023 Labour Crunch to Keep Upside Pressure on UK Wages

ONS labour market snapshot reveals high vacancy rate and upside pressures on wages, suggesting the Bank of England cannot end its rate hiking cycle imminently.

03 March 2023 Economy's Rebound in February was Stronger than Expected According to S&P Global PMI

The UK's economic rebound in February was stronger than previously reported, according to the final PMI survey from S&P Global.

23 February 2023 Rise in UK Business Investment is the Biggest Piece of Good News You Might Have Missed

But the end of favourable tax incentives and a looming corporation tax rise means a recent recovery could prove fleeting.

21 February 2023 Pound Sterling Jumps against Euro, Dollar as UK Economy Rebounds into Growth Territory: PMI Data

The UK economy will comfortably avoid a recession if the latest S&P Global PMI survey findings are anything to go by.

21 February 2023 Unexpected Budget Surplus Driven by Bumper Self-Assessment Income Tax Receipts

The UK unexpectedly recorded a budget surplus in January, as markets had been expecting another deficit to be recorded on the national accounts.

20 February 2023 Household Gas Bills to Fall, Offering a Significant Boost to UK Economic Outlook

The UK economic outlook has improved significantly owing to the recent fall in wholesale gas prices, which analysts say will ease the pressures bearing down on households from July onwards.

17 February 2023 UK Retail Sales in Unexpected Rise in January

Retail sales unexpectedly rose in January as UK consumers continue to spend, with one analyst saying the economic picture is "looking a lot less grim".

15 February 2023 Sharp Falls in Inflation Dents Pound Sterling's Advance against Euro and Dollar

The Bank of England will have breathed a sigh of relief on receiving today's inflation numbers that showed some sharp falls in the rate of price increases in January.

14 February 2023 Pound Sterling Boosted by Strong UK Wage Growth Data

GBP was higher in the wake of data that revealed UK wages continue to grow at inflationary levels amidst ongoing 'tightness' in the UK labour market.

10 February 2023 Pound Sterling Holds Weekly Advance against Euro & Dollar but December GDP Slump Underlines Poor Outlook

The British Pound looked to defend a weekly advance against the Euro and Dollar as it was revealed the UK economy shrank by more than expected in December.