uk-economy
BusinessUK’s National Grid to Sell Electricity System Operator in $827 Million Deal
BankingBank of England Eyes Growth With Lighter Bank Capital Reforms for UK Lenders
BusinessServices’ Grip on UK Economy Tightens as Manufacturing Share Ebbs Further
TradingFTSE 100 Falls on Healthcare, Energy Weakness; Cooling Wage Growth Fuels Rate Cut Bets
Sterling Edges up Versus Dollar and Euro After UK Data
Date: September 10, 2024
By Stefano Rebaudo (Reuters) – Sterling edged up versus the dollar and the euro on Tuesday after UK labour data supported the view that the British economy was on a solid footing. Pay growth cooled in the three months to July to a more than two-year low, and employment shot higher, according to data on...
Morning Bid: China Gloom Overshadows Wall Street-Led Rebound
Date: September 10, 2024
A look at the day ahead in European and global markets from Rae Wee The rebound in global share markets proved short-lived in Asia on Tuesday, as yet another set of lacklustre economic indicators from China soured the mood and capped gains in Asian stocks. That has set up a mixed opening in Europe, with...
UK Pay Growth Cools, Keeping BoE on Track for Another Rate Cut
Date: September 10, 2024
By Andy Bruce and Suban Abdulla LONDON (Reuters) -British pay growth cooled in the three months to July to a more than two-year low and employment shot higher, according to data on Tuesday which is likely to keep the Bank of England on track to cut interest rates again before the end of the year....
Aldi UK Says Shoppers Trading up as Inflation Eases
Date: September 9, 2024
By Paul Sandle LONDON (Reuters) -Supermarket group Aldi UK said its prices this summer were on average lower than a year ago, easing some of the pressures on its British shoppers who were treating themselves to more of its premium ranges. The country’s fourth largest supermarket group reported on Monday a 16% rise in sales...
FTSE 100 Clocks Weekly Decline; Personal Goods Shares Biggest Drag
Date: September 6, 2024
By Khushi Singh (Reuters) -UK’s main stock index ended lower on Friday, dragged down by personal goods and automobile shares, while investors assessed U.S. jobs report data to determine the extent of expected interest rate cuts by the Federal Reserve. The blue-chip index FTSE 100 fell 0.7%, marking its sixth straight daily decline and lost...
Analysis-Sterling’s Stunning Rally Keeps Twitchy Currency Markets on Edge
Date: August 29, 2024
By Naomi Rovnick LONDON (Reuters) – Sterling has hit roughly 2-1/2 years highs against the dollar and is flying high versus the euro, in moves analysts warn are underpinned by speculative interest rate bets that could unravel fast in markets still shaken by early August turmoil. At around $1.32, Britain’s pound has soared beyond most...