UK Economy

The British Pound held its recent gains against the Euro and U.S. Dollar following the release of data that showed the UK's labour market remained 'tight', ensuring the prospect of another rate hike at the Bank of England on March 23.

The British Pound remained on a fragile footing against the Euro and Dollar following the release of UK GDP data that showed the economy grew 0.3% in January.

Chancellor Jeremy Hunt will have billions of extra pounds at his disposal when he announces the Spring Budget next week, which should afford him the chance to bring relief to certain households and sectors of the economy.

ONS labour market snapshot reveals high vacancy rate and upside pressures on wages, suggesting the Bank of England cannot end its rate hiking cycle imminently.

The UK's economic rebound in February was stronger than previously reported, according to the final PMI survey from S&P Global.

But the end of favourable tax incentives and a looming corporation tax rise means a recent recovery could prove fleeting.

The UK economy will comfortably avoid a recession if the latest S&P Global PMI survey findings are anything to go by.

The UK unexpectedly recorded a budget surplus in January, as markets had been expecting another deficit to be recorded on the national accounts.

The UK economic outlook has improved significantly owing to the recent fall in wholesale gas prices, which analysts say will ease the pressures bearing down on households from July onwards.

Retail sales unexpectedly rose in January as UK consumers continue to spend, with one analyst saying the economic picture is "looking a lot less grim".

The Bank of England will have breathed a sigh of relief on receiving today's inflation numbers that showed some sharp falls in the rate of price increases in January.

GBP was higher in the wake of data that revealed UK wages continue to grow at inflationary levels amidst ongoing 'tightness' in the UK labour market.

The British Pound looked to defend a weekly advance against the Euro and Dollar as it was revealed the UK economy shrank by more than expected in December.

If the purpose of raising interest rates is to slow lending in order to bring down inflation, then the Bank of England will be confident the actions it took in 2022 are doing the job.

Chancellor Jeremy Hunt has attempted to lay out an optimistic vision for the UK economy but industry reactions say his speech lacked the detail required to shift the dial on a pessimistic outlook.

The British Pound fell after PMI data showed the UK economy slowed faster than expected in January in an outcome that contrasted unfavourably with surprisingly strong Eurozone figures.

UK current account back to equilibrium levels, leaving GBP fairly priced vs. EUR.

The British Pound held recent gains against the Euro and Dollar following official data that showed a slight downturn in headline UK inflation remains elevated in double-digit figures.

The UK economy added more jobs than expected in November while wages grew faster than expected, maintaining pressure on the Bank of England to continue raising interest rates.

Halifax has reported a 1.5% month-on-month decline in UK house prices, lowering the 2022 increase in house prices to 2.0%.