uk-economy
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Sterling Dips as Investors Look to UK Jobs, Inflation Reports This Week
Date: October 15, 2024
By Medha Singh LONDON (Reuters) – The pound held near a one-month low against the dollar on Monday ahead of wage growth and inflation data this week that could help shape the Bank of England’s next move at its policy review meeting next month. Sterling was little changed at $1.30660, near last week’s one-month...
Geopolitics Dents Big UK Businesses’ Optimism, Deloitte Says
Date: October 14, 2024
By Andy Bruce (Reuters) – Optimism in large British companies softened ahead of the new Labour government’s first annual budget, dented by worries around geopolitics, a survey showed on Monday. Accountants Deloitte said their quarterly gauge of business sentiment fell in the third quarter to +6% from +23% in the previous quarter, but still...
Dollar Flat Against Peers as Markets Digest U.S. Economic Data
Date: October 11, 2024
By Chibuike Oguh, Alun John NEW YORK/LONDON (Reuters) -The U.S. dollar was little changed against major currencies on Friday as markets digested a slew of economic data that supported the Federal Reserve’s current monetary policy path, while a rise in British economic growth could not lift the pound from one-month lows. A gauge of U.S....
UK Economy Returns to Growth in August After Two Months of Stagnation
Date: October 11, 2024
By Suban Abdulla and Andy Bruce LONDON (Reuters) -Britain’s economy grew in August after two consecutive months of stagnation, providing some relief to finance minister Rachel Reeves ahead of the new Labour government’s first budget later this month. Economic output rose by 0.2% in monthly terms in August, according to figures from the Office for...
UK Property Market Strengthens, Pressure on Renters Intensifies, Rics Says
Date: October 10, 2024
LONDON (Reuters) – Britain’s housing market recovered further last month, according to property surveyors who said house prices, sales and enquiries rose, but pressure in the rental sector intensified as tenant demand continued to outstrip the number of available homes to rent. The Royal Institution of Chartered Surveyors said on Wednesday that its main house...
Sterling Hovers Near One-Month Low Ahead of US Inflation Print
Date: October 10, 2024
LONDON (Reuters) – The pound was flat on Thursday, hovering near its lowest level against the dollar in a month, as traders maintained a cautious stance and waited for potentially market-moving U.S. inflation data due later in the day. Sterling held its ground at $1.3076, up marginally from Wednesday’s trough of $1.3057, its lowest...