UK Economy

The British Retail Consortium says shop prices have been "brought to heel" as the trend of disinflation continued into April, raising hopes that the Bank of England can soon cut interest rates.

UK business confidence is "blooming into spring" reports the Lloyds Bank Business Barometer on the back of findings confidence remained steady for a second month at a high level.

UK consumer confidence improved further in April, confirming the upward trend of the past year and boosting the odds of stronger economic growth in the coming months.

A new survey of British manufacturers reveals that companies are readying to boost output in the coming months, fueled by increasing confidence.

The British Pound is recovering against the Euro and Dollar after data showed the economic rebound strengthened in April, as did inflationary pressures facing UK businesses.

This week's above-consensus UK inflation report provides the first tentative signals that the disinflation trend in the UK is stalling.

A summer interest rate cut at the Bank of England is increasingly unlikely, according to economists at the National Institute of Economic and Social Research (NIESR).

The British Pound has received a boost after the latest UK inflation print exceeded expectations.

The British Pound dipped against the Euro and Dollar after the unemployment rate in the UK rose to 4.2% in February from 3.9%, which was higher than the 4.0% expected by the market.

The British Pound was broadly supported after the ONS said the UK economy grew in February and revised higher its initial estimate for January's growth.

The British Retail Consortium's monthly measure of retail sales hit an eight-month high in March, which points to an ongoing revival of the UK retail sector, according to economists.

Relief for consumers as the disinflation process continues, but the BRC warns looming challenges posed by government policy could arrest the process.

New analysis shows that CPI inflation will fall below 1.0% and remain below the Bank of England's 2.0% target through 2025, raising the risk of deflation in the UK.

Economists at Pantheon Macroeconomics estimate house prices will see a firm appreciation in both 2024 and 2025 as confidence returns to the market, but elevated mortgage costs will stop runaway gains.

UK economic activity is shifting up a gear, which, when combined with sticky inflation, means the Bank of England won't cut rates before mid-year.

Business confidence remains high, but hiring intentions have eased as the April increase in the minimum wage comes into sharper focus, particularly for the UK's smaller companies.

Consumers’ optimism about their own finances going forward has hit a two-year high.

UK retail sales were flat in February, but this was better than expected and underscores a trend of improvement that means the UK economy has exited recession.

The British Pound is under pressure despite an above-consensus retail sales report.

The British Pound will find support from news that March saw the UK economy record another solid upturn and rising inflationary pressures.