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).
April 17,2024
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.
April 17,2024
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.
April 12,2024
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.
April 9,2024
Relief for consumers as the disinflation process continues, but the BRC warns looming challenges posed by government policy could arrest the process.
April 1,2024
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.
March 27,2024
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.
March 27,2024
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.
March 27,2024
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.
March 27,2024
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.
May 3,2024
The British Pound will find support from news that March saw the UK economy record another solid upturn and rising inflationary pressures.
March 21,2024
The British Pound proved remarkably resilient after UK inflation figures undershot expectations, putting the Bank of England on course to cut interest rates in the summer.
March 21,2024
Consumer inflation expectations in the UK have fallen below their long-run average, in a sign the Bank of England is winning the fight against elevated inflation.
March 15,2024
UK economic output has been recovering since October, according to a new study from Pantheon Macroeconomics, and all signals point to a strong first quarter outturn for the UK economy.
March 14,2024
Current fiscal rules lack credibility, impose scant debt discipline, and allow governments to game the system. Oxford Economics proposes three solutions that would help cut government debt, boost growth, and reduce the scale of austerity that the next parliament will be forced into.
March 13,2024
The UK economy returned to growth in January, according to monthly GDP data, which can help the British Pound stabilise from its recent slide against the Euro and Dollar.
March 13,2024
UK wage and employment data undershot market expectations, boosting the odds of a June rate cut at the Bank of England and resulting in a broadly weaker British Pound.
March 13,2024
Page 4 of 15