Sterling rises on economic data, defence spending eyed
Sterling strengthened on Monday as investors digested upbeat UK economic data and the government’s plans to boost…
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The Bank of England
UK private sector outlook hits lowest since 2022 – CBI
UK businesses expect output to decline over the next three months, marking their most pessimistic outlook since…
UK services sector confidence falls to 2.5-year low
UK services sector Business confidence dropped to its lowest level in two and a half years amid mounting cost…
UK employers maintain 4% median pay award for 5th month
UK employers kept pay deals steady in the three months to November, with the median pay award holding at 4 per cent…
Sterling gains as UK inflation exceeds expectations
The pound sterling rose on Wednesday after UK inflation for October surpassed forecasts, reinforcing expectations…
UK housing market rebounds with record mortgage approval
British lenders approved 65,647 mortgages in September, according to the Bank of England (BOE), marking the highest…
UK house prices rise by 0.7% in September ’24
British house prices rose by 0.7 per cent in September compared to August, surpassing economists' expectations of a…
UK housing market rebounds after BoE rate cut
UK housing market gained momentum in September, following the Bank of England's first interest rate cut in over…
UK July borrowing hits £3.1b, highest since 2021
The UK government borrowed £3.1 billion in July 2024, an increase of £1.8 billion compared to the same month last…
FTSE 100 edges up as investors await key inflation data
London's FTSE 100 edged up 0.3 per cent on Tuesday, while the FTSE 250 increased by 0.1 per cent as investors…
European stocks up ahead of Federal Reserve clues
European shares inched up on Tuesday as investors looked to key US economic data later in the day for insights into…
UK house prices climb for 3rd straight month
UK house prices rose for the third consecutive month in July, showing signs of market stabilisation despite the…
Sterling slightly up ahead of BoE policy clues
Sterling edged up slightly on Monday as investors awaited further indications on the Bank of England's monetary…
UK house prices inch up in June
British house prices saw a modest increase in June from the previous month, despite the lingering effects of…
UK inflation returns to normal – BRC
British shop prices saw their slowest rise in 2-1/2 years this month, with annual inflation at 0.6 per cent, the…
Summer could bring rate cut – Bank of England’s Broadbent
The Bank of England is considering a potential reduction in interest rates in the upcoming months, Deputy Governor…
FTSE 100 up, metal miners drive gains
London equities started the week positively, driven by a rally among metal miners, as the FTSE 100 rose by 0.2 per…
UK economy likely to bounce back from recession – PMI
Despite a minor slowdown in service activity last month, the UK's economy is on the verge of emerging from…
Britain’s economy slips into mild recession last year
Britain's economy slipped into a mild recession last year, according to official data, posing a challenge for Prime…
Major world currencies rise against US dollar
The Japanese yen saw a notable increase against the dollar on Thursday, bolstered by the prospect of further rate…
UK job market shrinks 15% in January – Adzuna
The recruitment data company, Adzuna, reported on Monday that UK job advertisements reached a nearly three-year low…
HSBC faces £57mln penalty for depositor protection violations
The Bank of England’s Prudential Regulation Authority (PRA) imposed a fine of £57.4 million ($73 million) on HSBC…
IMF cautions Europe against ‘premature celebration’ of victory over inflation
The European Central Bank and other policymakers in Europe have to keep interest rates at current elevated levels…
UK interest rates to reach the highest level since 2008
The Bank of England will raise interest rates later Thursday, marking the 12th straight increase since late 2021.
Shareholders challenge BP to confront climate change risk
Oil giant BP is being challenged to confront the risk that climate change may pose to its future in a shareholder…
TEXT-Fitch:UK FLS Likely To Be Positive For Bank Profitability
The Bank of England's "funding for lending" scheme (FLS) is expected to be tapped more extensively than the…