uk-economy
BankingUK House Prices Rise 0.7% in September, Nationwide Says
BusinessUK Business Confidence Falls From Eight-Year High, Lloyds Says
InvestingUK’s FTSE 100 Closes Slightly up as Falling Energy Shares Offset China-Driven Rally
Top StoriesUK Employers Give Joint-Lowest Pay Rises Since June 2022, Brightmine Says
Sterling at Two-Year Peak Versus Euro After PMI Data
Date: September 24, 2024
(Reuters) – Sterling dipped against the dollar on Monday but touched a new two-year high versus the euro as business activity readings pointed to diverging economic cycles in the British and euro zone economies. The pound slipped 0.2% to $1.3298, hovering below a more than two-year high it touched against the dollar on Friday....
Sterling Rises vs Dollar, Euro Boosted by Strong UK Retail Sale Data
Date: September 20, 2024
By Linda Pasquini (Reuters) – Sterling edged up against the dollar and the euro on Friday, as strong UK retail sale data provided an extra boost to the currency’s upbeat trend. The pound briefly hit $1.33405, touching March 2022 highs for the third consecutive day, but pared earlier gains to $1.32975. It gained 1.23% on...
London Blue-Chips Slip as Sterling Jumps After Retail Sales Beat
Date: September 20, 2024
(Reuters) – UK shares slipped on Friday while the British pound jumped, though the stock index was set to eke out weekly gains riding on a rise in global risk sentiment following the U.S. Federal Reserve’s bumper rate cut. At 0715 GMT, the FTSE 100 fell 0.5%, as a 0.4% rise in the British pound...
More UK Employers Plan Reduced Pay Increases for 2025, Idr Survey Shows
Date: September 20, 2024
LONDON (Reuters) – British employers plan to scale back pay increases next year, according to a survey that is likely to encourage the Bank of England as it seeks further signs that inflation pressures in the economy are easing. Almost two thirds of employers are planning to offer employees smaller pay increases in 2025...
UK Retail Sales Rise by More Than Expected in August
Date: September 20, 2024
LONDON (Reuters) -British retail sales rose by a stronger-than-expected 1% in August and growth in July was revised up, official figures showed on Friday. Economists polled by Reuters had forecast a monthly rise of 0.4% in sales volumes last month. The Office for National Statistics said sales volumes in July rose by a revised...
Bank of England Leaves Rates at 5%, Pound Hits Highest Since March 2022
Date: September 19, 2024
LONDON (Reuters) – The Bank of England left interest rates at 5% on Thursday and voted to run down its stock of British government bonds by another 100 billion pounds ($132.86 billion) over the coming 12 months, weighing on the government’s finances. The Monetary Policy Committee voted 8-1 to keep rates on hold, with only...