Tag Archives: UK

Relations between the UK and EU have been tattered due to the brinkmanship over the British threats to trigger an emergency clause known as Article 16 of the Northern Ireland Protocol. European Commission’s Maros Sefcovic said the EU will consider all tools at its disposal if the UK Government triggers …

The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.1% following the November policy meeting. in line with the market consensus, market pricing was pointing out to a 50% chance of a 15 basis points rate hike.

The UK services sector activity expanded more than expected in October, the final report from IHS Markit showed this Wednesday. The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised sharply higher to 59.1 in October compared to 58.0 expected and a 58.0 previous.

The UK manufacturing sector activity expanded in October, the final report from IHS Markit confirmed on Monday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher from 57.7 to 57.8 in October, beating expectations of 57.7.

The Confederation of British Industry’s (CBI) latest Distributive Trades Survey showed on Tuesday that the Retail Balance in the UK improved to 30 in October compared to 11 in September. the Sales Expectations Balance advanced to 35 for November, compared to 29 for October. Finally, the stock levels in relation …

Britain’s economy returned to growth in August after contracting for the first time in six months in July, keeping bets in the financial market that the Bank of England will start raising interest rates before the end of the year. The gross domestic product grew 0.4% in August, slightly less …

European stocks fell as investors’ concerns about rising energy prices and events in China are building up. Stock indexes have been dragged lower in choppy trading in recent weeks. Frankfurt’s DAX was 0.3% lower, underperforming other European indexes. Germany’s ZEW survey of economic sentiment weakened for the fifth straight month …

The British pound has reaped considerable gains on Thursday trading session. GBP/USD is currently trading at 1.3476, up 0.36%.The positive news was about the UK economy, as the final estimate for UK growth in Q3 was 5.5%, revised upwards from 4.8%. The United Kingdom’s GDP is now about 3.3% below …

Official data revealed that Britain’s economy grew at a more robust pace than previously expected in the period between April and June. The Office for National Statistics said gross domestic product increased 5.5 percent in the second quarter, compared with its initial estimate of 4.8 percent growth. The office said …

A global bond downturn pushed US Treasury yields to their highest level in three months on Monday, as investors’ reaction to the prospect of tighter monetary policy by dumping US and UK government debt. The yield on the 10-year US Treasury note added 0.05 percentage points to trade above 1.5 …