uk-economy
Top StoriesUK’s FTSE Slides to 1-mo Low as Fed Dampens Mood Ahead of BoE
FinanceUK Gilt Yields Jump Again After Fed Signals Go-Slow on Rate Cuts
BankingBank of England to Keep Rates Steady as Price Pressures Linger
TradingUK’s FTSE Slides to 1-mo Low as Fed Dampens Mood Ahead of BoE
German Exports to UK Surge Amid Gold Rally, Leaving U.S. Behind
Date: December 19, 2024
By Rene Wagner BERLIN (Reuters) – German exports to Britain are growing faster than to any other country among the Group of Twenty (G20) nations due to an ongoing gold rally, according to preliminary data from the German statistics office seen by Reuters on Thursday. Exports to Britain increased to around 67.6 billion euros ($70.93...
Pound Rocked by Tough-Talking Fed Ahead of BoE Decision
Date: December 19, 2024
By Harry Robertson LONDON (Reuters) – Sterling inched higher on Thursday as it recovered some of its steep losses suffered late on Wednesday when the U.S. Federal Reserve officials sent the dollar surging by scrubbing out two rate cuts from next year’s projections. The focus in UK markets on Thursday is on the Bank of...
UK Water Bills to Rise by 36% to Help Fix Broken Sector
Date: December 19, 2024
By Sarah Young LONDON (Reuters) -Britain’s water regulator said it would allow bills to rise by just over a third in the next five years to fund a much higher level of investment than originally slated, with the aim of fixing the country’s broken water sector. The average increase of 36% before inflation compares to...
Bank of England to Keep Rates Steady as Price Pressures Linger
Date: December 19, 2024
By David Milliken LONDON (Reuters) – The Bank of England looks set to hold interest rates at 4.75% on Thursday, despite signs of a slowing economy, as persistent inflation pressures limit it to a “gradual” approach towards cutting borrowing costs. All 71 economists polled by Reuters said rates would stay unchanged for now. Most expect...
Sterling Drops Before Fed Policy Meeting, After UK Inflation Data
Date: December 18, 2024
By Stefano Rebaudo (Reuters) – Sterling fell versus the dollar before the Federal Reserve’s policy meeting later on Wednesday, which could suggest a less aggressive monetary easing path in the U.S., while British inflation figures were in line with analyst expectations. Consumer prices rose by an annual 2.6% in November, although services inflation held at...
UK Factories Report Plunge in Output, Adding to Economic Slowdown Signs
Date: December 18, 2024
By William Schomberg LONDON (Reuters) -British manufacturers reported the biggest fall in output since the COVID-19 pandemic in late 2024 and they are even more downbeat about the start of next year, according to a survey that adds to signs of a loss of momentum in the economy. The Confederation of British Industry said a...