uk-economy
TradingSterling Picks up Versus Dollar, Flat Against Euro
Top StoriesPrince William and Kate to Welcome Qatar’s Emir on State Visit to Britain
BusinessBritish Firms Downbeat About China Business Despite Stimulus, Lobby Group Says
BusinessUK Retailers Report Weakest Sales Since April, Brc Survey Shows
London Stocks Slip as Homebuilders, Precious Metal Miners Drag
Date: December 2, 2024
By Nikhil Sharma (Reuters) – The UK’s main stock indexes inched lower on Monday after clocking healthy gains in November, pressured by losses in homebuilders and precious metal miners. The blue-chip FTSE 100 dipped 0.1% and the midcap FTSE 250 was down 0.2% at 0950 GMT, but both indexes were still performing better than other...
Sterling Rises Versus Euro Towards Its 2-1/2-year High
Date: December 2, 2024
By Stefano Rebaudo (Reuters) – Sterling dropped versus the dollar and rose against the euro on Monday, with political troubles in France and the so-called Trump trade back in focus. The euro fell on Monday on growing concerns about a possible government collapse in France, which would stall plans to curb a burgeoning budget deficit....
UK Business Morale Ticks Lower but Trading Prospects Healthy, Lloyds Bank Says
Date: December 2, 2024
(Reuters) – British business confidence ticked downwards in November to a five-month low but remained healthy overall, with companies still feeling upbeat about their trading prospects, a survey from Lloyds Banking Group showed on Monday. The Lloyds Bank Business Barometer sank by 3 points last month to 41%, its lowest level since June but comfortably...
UK Business Confidence Lowest Since Covid Pandemic, IoD Says
Date: December 2, 2024
By David Milliken LONDON (Reuters) – Britain’s Institute of Directors said on Sunday that optimism among its members had fallen to the lowest since the onset of the COVID-19 pandemic, following tax rises in finance minister Rachel Reeves’ first budget on Oct. 30. Investment plans and employment intentions were the weakest since May 2020 last...
Bank of England Warns of Risks From Rise in Global Trade Barriers
Date: November 29, 2024
By William Schomberg, Lawrence White and Suban Abdulla LONDON (Reuters) -The Bank of England warned on Friday that higher trade barriers could hit global growth and feed uncertainty about inflation, potentially causing volatility in financial markets and pushing up borrowing costs for businesses and consumers. Without specifically referring to the victory of Donald Trump in...
Pound Set for Best Week Since September as Dollar Stumbles
Date: November 29, 2024
By Harry Robertson LONDON (Reuters) – The pound held steady on Friday, leaving it on track for its biggest weekly rise since mid-September after the dollar gave up some of its post-election gains. Sterling was last at $1.269 after rising to a two-week high of $1.275 in early trading, and was set for a weekly...