uk-economy
Top StoriesFTSE 100 Hits Record High, Pound Slips Ahead of BoE Verdict
Top StoriesBritish Pub Group Jd Wetherspoon Expects Profit at Upper End of Market Forecast
Top StoriesUK’s FTSE 100 Notches Record Closing High in Broad Rally
Top StoriesUK Construction Growth Hits 14-month High in April, PMI Survey Shows
Sterling Shrugs Off Local Election to Focus on US Payrolls Data
Date: May 3, 2024
Sterling shrugs off local election to focus on US payrolls data By Joice Alves LONDON (Reuters) – Sterling rose on Friday against a weakening dollar ahead of U.S. jobs data due later in the day, while local elections in Britain have left the currency undisturbed. Markets are focusing on U.S. nonfarm payrolls data due at...
UK’s FTSE 100 Hits Record Highs on Anglo-American Boost
Date: May 3, 2024
UK’s FTSE 100 hits record highs on Anglo-American boost By Pranav Kashyap and Shubham Batra (Reuters) -Britain’s FTSE 100 hit a record high on Friday, boosted by Anglo-American after Reuters reported Glencore is exploring an approach for the miner, while Diageo advanced after naming a new chief financial officer. The blue-chip FTSE 100 was up...
Sterling Gives Back Some Fed-Inspired Gains, Eyes on Local Elections
Date: May 2, 2024
Sterling gives back some Fed-inspired gains, eyes on local elections By Samuel Indyk LONDON (Reuters) – The British pound slipped against the dollar, having risen the day before after the Federal Reserve’s policy meeting, while investors were playing down the impact UK local elections on Thursday might have on the currency. The pound was last...
UK Set for Weak Growth and Highest Inflation in G7, OECD Says
Date: May 2, 2024
UK set for weak growth and highest inflation in G7, OECD says By Andy Bruce LONDON (Reuters) -Britain will suffer some of the lowest rates of economic growth and highest inflation among Group of Seven countries this year and next, forecasts from the Organisation of Economic Co-operation and Development suggested on Thursday. The OECD cut...
Bank of England Readies Its Rates Steer as Investors Cool on Cuts
Date: May 2, 2024
Bank of England readies its rates steer as investors cool on cuts By William Schomberg LONDON (Reuters) -The Bank of England must decide next week whether to update its message about when it might cut interest rates for the first time in four years, a move which could yet prove risky despite a sharp drop...
Sterling Holds Steady as Markets Await Fed Decision
Date: May 1, 2024
Sterling holds steady as markets await Fed decision By Harry Robertson LONDON (Reuters) – The pound held steady on Wednesday as traders waited for the Federal Reserve’s interest rate decision later in the day for hints about when U.S. borrowing costs might start to fall. Sterling was last effectively unchanged from Tuesday at $1.2488, after...