UK wage and employment data undershot market expectations, boosting the odds of a June rate cut at the Bank of England and resulting in a broadly weaker British Pound.
March 13,2024
The British Pound was softer on the day a much-watched survey of the UK job market confirmed an ongoing trend of cooling wage increases just a day ahead of the official ONS wage data release.
March 13,2024
According to the British Retail Consortium, UK retail sale growth disappointed in February owing to wet weather, but economists say the outlook is brightening.
March 5,2024
The outlook for consumers continues to brighten, say economists, following the release of the Bank of England's monthly lending figures.
February 29,2024
Concerning news for the Bank of England's plans to cut interest rates later this year after it is reported UK businesses are "plotting a hiring spree".
February 29,2024
According to a new analysis, the UK is locked on a trajectory to hit record taxation levels while less money will be spent per person.
February 27,2024
Gas and electricity prices will fall 12% from April as the decline in global wholesale natural gas prices feeds through to UK households.
February 23,2024
GfK says UK consumer confidence fell in February, but a "stable outlook for future personal finances is encouraging."
February 26,2024
The UK economy appears to have extended its early-2024 recovery through February, with a much-watched survey of the economy reporting "a solid rate of service sector growth".
February 22,2024
Chancellor Jeremy Hunt received a shot in the arm ahead of next month's budget after it was reported UK public finances recorded a record monthly budget surplus in January thanks to a strong tax take and lower-than-expected borrowing.
February 21,2024
The British Pound firmed on Friday following the release of stronger-than-expected UK retail sales for January, which will contribute to evidence that the economy will exit recession this quarter.
February 16,2024
The British Pound dropped to fresh lows for the week after it was confirmed the UK fell into recession in the second half of 2023.
February 15,2024
Bank of England Governor Andrew Bailey has responded to January's inflation data surprise by warning that the numbers do not change the outlook presented at the Bank's last policy meeting.
February 14,2024
The Bank of England will cut rates to as low as 4.0% by year-end as recession and deflation threaten the UK economy, according to the Institute of Economic Affairs (IEA).
February 14,2024
UK headline CPI inflation might be running at double the Bank of England's 2.0% target, but if we look closer at the data we see a strong disinflation is underway in the UK, opening the door to interest rate cuts.
February 14,2024
Pound Sterling dipped against its peers after UK inflation undershot expectations and kept alive hopes that Bank of England interest rate cuts would commence in the summer.
February 15,2024
"Our nowcast also suggests that the slowdown in wage growth has faded. We think this combination of a tight labour market and solid wage growth is likely to lead the MPC to take a cautious approach to the timing and pace of rate cuts" - Oxford Economics.
February 13,2024
Pound Sterling rose after UK wage data beat expectations and the UK unemployment rate fell to 3.8%, underscoring a tight labour market that can ensure inflation stays elevated.
February 13,2024
The UK is likely to earn its recession badge next week after the ONS confirms a second consecutive quarter of decline.
February 8,2024
The UK will report another rise in inflation in January, according to one of the country's most accurate forecasters.
February 7,2024
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