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.
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The cost of the government's headline Energy Price Guarantee could become costless should wholesale gas prices keep falling, shows a new analysis from a well-known high-street bank.
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The deficit remains sizeable thanks to the increased cost of energy imports, particularly gas.
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The UK government's spending plans and financial market response are both well known by now but there is an important reality that may be going overlooked at HM Treasury and which could jeopardise …
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The UK government's energy price cap is the single most expensive outlay of Liz Truss' new administration, but its cost could come in a lot lower than markets had been anticipating as wholesale gas…
Read more →The UK government appeared to exacerbate losses for markets in London on Friday following a budget-like announcement from Chancellor Kwasi Kwarteng that has drawn much comment from economists, anal…
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"Right now though, those already on the property ladder are generally better off staying put rather than moving or re-mortgaging."
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The UK government has announced "unprecedented" support for UK businesses as it limits the cost of fuel bills in a move that will underpin economic growth but materially raise the country's debt bu…
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A sharp decline in UK retail spending suggests the UK consumer is withdrawing in the face of surging prices, tipping the UK economy into recession.
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GBP was softer after it was reported headline UK CPI inflation was lower in August than in July, suggesting the peak in price rises might have now passed.
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UK jobs data was on balance supportive for the Pound, with the currency rising against the Euro, Dollar and most other major currencies in the wake of the release.
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The British Pound was soft at the start of a new week following the release of domestic GDP data that showed July's economic rebound was softer than expected.
Read more →"Coming in with a bang," says Holger Schmieding, Head of European Economics at Berenberg, addressing reports that incoming UK Prime Minister Liz Truss could make a major intervention in UK energy m…
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The UK economy expanded in August, according to a much-watched survey of activity.
Read more →Despite surging inflation, UK retail sales surprised by growing in July, although a much-watched measure of consumer confidence plummeted to an all time low.
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GBP was higher after it was announced UK inflation hit 10.1% in July, leaving it more than five times higher than the Bank of England's target.
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The British Pound remained supported against the Euro and Dollar following the release of new data from the ONS that showed UK wages faster than expected in June, as job vacancies remain elevated i…
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The UK economy contracted less than was expected last quarter but its foundations are weakening with financial distress growing as a constraint within the small business sector and lynchpin of the …
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GBP was supported near recent levels against both the EUR and USD on Friday following the release of some better than expected UK GDP data that suggests the economy approaches a tough winter period…
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The Bank of England's forecasts of a long and enduring UK recession has been branded unrealistic by Savvas Savouri, Chief Economist and Partner at hedge fund Toscafund Asset Management.
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