The UK consumer hasn't been this confident in 20 months according to the latest GfK consumer confidence survey which surprisingly improved by 5 points to read at -21 in September.
September 22,2023
Retail sales data showed volumes are estimated to have risen by 0.4% in August 2023, partially recovering from a fall of 1.1% in a weather-impacted July, but this was still below the analyst forecasts for growth of 0.5%, reinforcing a sense that the UK economy is stalling.
September 22,2023
Some major investment banks are now predicting the fall in UK inflation in August will be enough to convince the Bank of England it can pause its interest rate hiking cycle.
September 20,2023
Can inflation continue to fall, in line with the Bank's own forecasts, and therefore ultimately justify growing expectations that the Bank is about to end the hiking cycle?
September 20,2023
The Bank of England's apparent plan of raising interest rates to 5.50% this week but then calling a halt to the rate hiking cycle is tantamount to a mistake, according to a prominent economist.
September 19,2023
The Bank of England is expected to raise interest rates a further 25 basis points to 5.5% next Thursday but there is "significant scope" to soften guidance as to whether another such hike is warranted.
September 15,2023
The oil price rally is near its limits according to new research that warns "gravity cannot be ignored long term".
September 8,2023
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