UK Economy - Results from #400

27 July 2022 UK Unemployment to Rise and Inflation to Plunge in 2023, Triggering a Bank of England Reset say Economists

Workers are returning to the jobs market, headline inflation to plunge in 2023, Bank of England to end rate hike cycle sooner than expected.

22 July 2022 Pound to Stay Heavy as Retail Sales Confirm Consumers Facing Significant Pressures

The British Pound is set to remain under pressure as the UK economy faces significant headwinds, as confirmed by the latest retail sales figures.

20 July 2022 Surging Inflation Data Nails on 50bp Bank Rate Hike

GBP was seen trading firm on the day UK inflation data came in above expectations, confirming the Bank of England might have to go ahead with an outsized 50 basis point rate hike in August.

13 July 2022 Goldman Sachs Cuts Odds of UK Recession

The surprisingly strong UK GDP data announced midweek leads economists at Goldman Sachs to revise higher their growth forecasts and lower expectations for a recession taking hold.

13 July 2022 Boost for the Pound as UK GDP Beats Expectations

The British Pound was firmer in midweek trade, in line with some better than expected economic data.

30 June 2022 Sterling's Achilles Heal, the Current Account Deficit, Surges

The UK's current account deficit has long been an 'achilles heal' for the British Pound, and new data shows it has surged in size.

28 June 2022 UK House Prices Forecast to Fall in H2 by Pantheon Macroeconomics

UK house prices will fall in the second half of 2022 as a surge in mortgage rates continues over the summer says Pantheon Macroeconomics.

27 June 2022 KPMG Slashes UK Growth Forecasts, sees No Recession

War, surging commodity prices and China's Covid outbreak are the main drivers of a sharp economic slowdown that could result in a "mild" UK recession taking hold in 2023 says KPMG whose economists …

24 June 2022 Soft Retail Sales Curb Pound Sterling Rebound against Euro and Dollar

UK retail sales fell in May as consumers felt the strain of rising prices, denying the British Pound a much needed boost ahead of the weekend.

14 June 2022 Pound Sterling Remains Vulnerable to Market Turmoil and Slowing Labour Market Recovery

The British Pound has settled against the Euro and Dollar having registered sharp losses over the course of the past 24 hours, aided by a stabilisation in under-pressure global equity markets and f…

24 May 2022 UK Retailers see Light at the End of the Inflationary Tunnel: CBI Survey

Under pressure UK retailers say they see easing inflationary pressures ahead, but sentiment and business investment intentions remain resolutely forlorn.

24 May 2022 Pound Slumps after PMIs Signal Drastic Economic Slowdown in May

Pound Sterling sunk like a stone following the release of PMI data that suggests the UK economy was close to contracting in May and conditions are deteriorating faster than was the case during the …

20 May 2022 Pound Sterling Higher after UK Retail Sales Surprise

The British Pound turned higher following another better than expected economic data release.

19 May 2022 Too Early to Bury the UK Economy, Recession is Not Inevitable

A cost of living crisis and fears of stagflation underpin a bearish consensus towards the UK economy and the Pound amongst economists and investors, but some warn it is too early to write off the U…

17 May 2022 Pound Sterling: Wage & Employment Surprises Trigger Gains against Euro and Dollar

The British Pound rose against the Euro and Dollar following the release of UK labour market statistics that revealed a strong jump in wages and a stronger than expected fall in unemployment.

12 May 2022 UK Economy Shrinks in March, Confirming Sterling's Troubled Outlook

The Pound to Euro exchange rate's decline extended on the day the Office for National Statistics announced the UK economy shrank in March.

11 May 2022 Savouri: The Bank of England Got it Wrong

"To put it politely, the closer we look into the report, the greater our disappointment with the MPC."

26 April 2022 More Losses for the British Pound as Recession Risks Burn Brighter says Deutsche Bank

The British Pound was left floundering against the Euro and Dollar amidst souring global investor sentiment and increasing fears the UK economy could suffer a recession.

25 April 2022 Consumer Confidence Crisis Spells Economic Gloom

Consumer confidence readings out of the UK are signalling a notable economic slowdown ahead and one economist says investors should be prepared for a "bad outcome" that could even include a recessi…

22 April 2022 Pound Sterling Battered by Euro, Dollar on Triple Hit of Poor Economic Data

A slew of negative data readings has sent the British Pound sharply lower against the Euro and Dollar.