Tag Archives: UK

UK prominent political figure Liz Truss, who aspires to succeed Boris Johnson in office as coming Prime Minister, criticized the green energy levy on all bills. Truss believes that by removing that levy, Britain would save people money on their bills. On the other hand, Truss has said “But what …

Recently released data indicated that the prices of new properties offered for sale in the United Kingdom decreased, at the highest pace in nearly two and a half years, by 1.3% in August. This led to a decline in the pace of real estate price growth in Britain from 9.3% …

Visa reported third-quarter earnings that beat analysts’ forecasts and revenue that topped expectations on Tuesday. Visa A announced earnings per share of $1.98 on revenue of $7.28B. Analysts anticipated EPS of $1.74 on revenue of $7.06B. Visa A shares are down 25% from the beginning of the year, still down …

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dropped to 52.2 in July versus 52.0 expected and 52.8 – June’s final reading. Meanwhile, the Preliminary UK Services Business Activity Index for July arrived at 53.3 when compared to June’s final score of 54.3 and 53.0 expected.

The UK’s industrial sector recovery gathered steam in May, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Wednesday. Manufacturing output arrived at 1.4% MoM in May versus 0.1% expectations and -0.6% booked in April while total industrial output came in at 0.9% …

The UK’s Conservative Party’s 1922 Committee will hold an internal election of a new executive next Monday. The new executive will decide whether to change the rules surrounding the grace period following the no-confidence vote. The British pound is having hard times amid political jitters. The GBP/USD pair, which touched …

Proposed legislation to allow the UK to unilaterally rip up Brexit arrangements for Northern Ireland at the risk of a trade war with the EU passed the second reading stage in the House of Commons on Monday night.As for the market’s reaction, the GBP/USD pair extends retreat from over a …

The UK retail sales arrived at -0.5% over the month in May vs. -0.7% expected and 1.4% previous. The core retail sales, stripping the auto motor fuel sales, stood at -0.7% MoM vs. -1.0% expected and 1.4% previous. On an annualized basis, the UK retail sales plunged 4.7% in May …

The UK is considering stricter enforcement of the economic sanctions measures next week after passing a relevant legislation in the wake of Russia’s invasion of Ukraine.Starting June 15, the UK’s Office of Financial Sanctions Implementation will not have to seek evidence that companies or individuals who violate the country’s sanctions …

Gas prices soared higher in the US while demand for gasoline drops before the beginning of the summer driving season. US President Joe Biden warned that Americans will likely feel “Putin’s price hike” at the gas pump in the foreseeable future. Russia’s invasion of Ukraine caused commodity prices to rise …