uk-economy
Top StoriesUK Reports Sharpest Rise in Health-Related Welfare Claims, Study Shows
BankingBank of England Set to Hold Rates With Bond Sales in Spotlight
FinanceBritain Needs Finance Sector Strategy to Tap Foreign Billions, Report Says
BusinessUK Supermarket Sales Growth Slows After Summer Holidays
London Stocks Drop After Inflation Data, Focus Shifts to Fed
Date: September 18, 2024
By Lisa Pauline Mattackal and Medha Singh (Reuters) -British stock indexes dropped on Wednesday as investors reined in bets on interest rate cuts by the Bank of England, while global risk sentiment was fragile ahead of a policy decision from the U.S. Federal Reserve later in the day. The blue-chip FTSE 100 ended 0.7% lower,...
Sterling Rises After UK Inflation Data and Ahead of Fed
Date: September 18, 2024
By Linda Pasquini LONDON (Reuters) – The British pound rose against the dollar on Wednesday after UK inflation data boosted the market view that the Bank of England will keep interest rates steady on Thursday, in contrast with an expected start to the U.S. policy easing cycle later on Wednesday. Sterling gained 0.49% to $1.3227,...
UK Inflation Holds at 2.2% but Services Prices Keep BoE on Alert
Date: September 18, 2024
By Suban Abdulla LONDON (Reuters) -British inflation held steady in August but sped up in the services sector which is closely watched by the Bank of England, data showed on Wednesday, adding to bets that the central bank will keep interest rates on hold on Thursday. Consumer price inflation of 2.2% last month was...
FTSE 100 Rises Ahead of Key Central Bank Meetings
Date: September 17, 2024
By Khushi Singh and Lisa Pauline Mattackal (Reuters) -London’s benchmark stock indexes ended higher on Monday, led by gains in automobile and parts shares, while investors focussed on a week of key central bank interest rate decisions. The benchmark FTSE 100 was up 0.1%; while the mid-cap FTSE 250 inched 0.2% higher. Both indexes...
UK’s Embattled Manufacturers See Brighter Days, Make Uk/bdo Survey Shows
Date: September 16, 2024
By Andy Bruce (Reuters) – British manufacturers grappling with falling output and fading growth in new orders see better days ahead, helped by a more stable political environment after the landslide election win for the Labour Party, a survey showed on Monday. Industry body Make UK and accountants BDO said their gauge of factory...
British Ministers Head to Gulf for Talks on New Trade Deal
Date: September 16, 2024
(Reuters) – Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government said. Trade secretary Jonathan Reynolds and minister for trade policy Douglas Alexander will meet their counterparts from the Gulf Cooperation Council, which comprises Bahrain, Kuwait, Oman, Qatar, Saudi...