The Bank of England's forecasts of a long and enduring UK recession has been branded unrealistic by Savvas Savouri, Chief Economist and Partner at hedge fund Toscafund Asset Management.
August 8,2022
Workers are returning to the jobs market, headline inflation to plunge in 2023, Bank of England to end rate hike cycle sooner than expected.
July 27,2022
The British Pound is set to remain under pressure as the UK economy faces significant headwinds, as confirmed by the latest retail sales figures.
July 22,2022
GBP was seen trading firm on the day UK inflation data came in above expectations, confirming the Bank of England might have to go ahead with an outsized 50 basis point rate hike in August.
July 26,2022
The surprisingly strong UK GDP data announced midweek leads economists at Goldman Sachs to revise higher their growth forecasts and lower expectations for a recession taking hold.
July 13,2022
The British Pound was firmer in midweek trade, in line with some better than expected economic data.
July 15,2022
The UK's current account deficit has long been an 'achilles heal' for the British Pound, and new data shows it has surged in size.
June 30,2022
UK house prices will fall in the second half of 2022 as a surge in mortgage rates continues over the summer says Pantheon Macroeconomics.
September 21,2022
War, surging commodity prices and China's Covid outbreak are the main drivers of a sharp economic slowdown that could result in a "mild" UK recession taking hold in 2023 says KPMG whose economists cut forecasts for UK economic growth in 2022 and 2023.
June 27,2022
UK retail sales fell in May as consumers felt the strain of rising prices, denying the British Pound a much needed boost ahead of the weekend.
June 24,2022
The British Pound has settled against the Euro and Dollar having registered sharp losses over the course of the past 24 hours, aided by a stabilisation in under-pressure global equity markets and fresh confirmation the UK labour market remains 'tight'.
June 14,2022
Under pressure UK retailers say they see easing inflationary pressures ahead, but sentiment and business investment intentions remain resolutely forlorn.
May 24,2022
Pound Sterling sunk like a stone following the release of PMI data that suggests the UK economy was close to contracting in May and conditions are deteriorating faster than was the case during the pandemic.
May 30,2022
A cost of living crisis and fears of stagflation underpin a bearish consensus towards the UK economy and the Pound amongst economists and investors, but some warn it is too early to write off the UK economy.
May 19,2022
The British Pound rose against the Euro and Dollar following the release of UK labour market statistics that revealed a strong jump in wages and a stronger than expected fall in unemployment.
May 17,2022
The Pound to Euro exchange rate's decline extended on the day the Office for National Statistics announced the UK economy shrank in March.
May 12,2022
"To put it politely, the closer we look into the report, the greater our disappointment with the MPC."
May 11,2022
The British Pound was left floundering against the Euro and Dollar amidst souring global investor sentiment and increasing fears the UK economy could suffer a recession.
April 26,2022
Consumer confidence readings out of the UK are signalling a notable economic slowdown ahead and one economist says investors should be prepared for a "bad outcome" that could even include a recession.
April 25,2022
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