UK Economy

Pound Sterling dipped against its peers after UK inflation undershot expectations and kept alive hopes that Bank of England interest rate cuts would commence in the summer.

"Our nowcast also suggests that the slowdown in wage growth has faded. We think this combination of a tight labour market and solid wage growth is likely to lead the MPC to take a cautious approach to the timing and pace of rate cuts" - Oxford Economics.

Pound Sterling rose after UK wage data beat expectations and the UK unemployment rate fell to 3.8%, underscoring a tight labour market that can ensure inflation stays elevated.

The UK is likely to earn its recession badge next week after the ONS confirms a second consecutive quarter of decline.

The UK will report another rise in inflation in January, according to one of the country's most accurate forecasters.

A surprisingly strong rise in house prices reported by one of the UK's biggest mortgage lenders will likely ensure the Bank of England keeps interest rates at current levels for some months to come.

The Nationwide House price index shows property prices rose 0.7% month on month in January, and further resilience is seen ahead amidst expectations for lower interest rates.

"New year, new cheer" is the finding of Lloyds Bank, whose Business Barometer survey reports confidence amongst UK businesses has hit a two-year high.

Shop inflation in the UK fell sharply in January, raising hopes that the coming year will finally see the pressures on consumers fade.

UK docks are busy again as ships that rerouted via the Cape of Good Hope in December arrive.

In a boost to the UK economic outlook, consumer optimism for the coming 12 months has strengthened amidst improved personal finances, taking overall confidence to a two-year high in January.

The British Pound was higher against the Euro, Dollar and other major currencies after it was reported the UK economy was firmly in growth territory in January.

The government could have up to £20BN in additional headroom to play with at the time of the March budget, according to an analysis that follows the latest set of UK borrowing figures.

The British Pound fell against the Euro, Dollar and other currencies after UK retail sales for December disappointed.

Lloyds Bank is the latest big institution to predict UK inflation will fall to the Bank of England's 2.0% target by April.

The British Pound rose across the board after UK inflation for December rose by more than expected, leading markets to cool expectations for imminent Bank of England interest rate cuts.

The Brtish Pound fell against the Euro, Dollar and other major currencies after investors bet an undershoot in the official wage figures meant the Bank of England could soon pursue aggressive rate cuts before long.

UK inflation will fall below the Bank of England's 2.0% target by May, according to new research.

The British Pound is currently set to record a positive weekly close against the Euro and Dollar, helped by news the UK economy rebounded in November.

There's a chance mortgage rates could stay put for a while, and the best rates could even be withdrawn, according to a new analysis from Hargreaves Lansdown.