Tag Archives: UK

The UK manufacturing sector activity expanded less than expected in November, the final report from IHS Markit confirmed on Wednesday.  The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised lower from 58.2 to 58.1 in November, missing an estimation of 58.2. “Manufacturers are facing a challenging …

French fishermen are planning actions, including possibly blocking British vessels’ access to French ports, in protest against Britain’s refusal to grant them more licenses to operate in UK territorial waters, fishermen said on Tuesday.France and Britain have been at loggerheads for months over how many licenses French fishermen should get …

Data from the Office for National Statistics in Britain revealed that retail sales grew more than market expectations and posted a positive reading for the first time in 4 months at the end of last October. The retail sales index recorded a growth of 0.8%, compared to market expectations of …

About $25 billion in value erased from Visa’s market cap. Other cards stocks including Mastercard and Amex have declined. Not only did Visa Inc. severely drop on Wednesday, but also dragged down industry peers such as Mastercard Inc., after Amazon had announced it will stop accepting purchases made with the …

The UK Consumer Prices Index (CPI) 12-month rate came in at 4.2% in October when compared to 3.1% booked in September while beating expectations of 3.9%, the UK Office for National Statistics (ONS) showed on Wednesday. The core inflation gauge (excluding volatile food and energy items) rose by 3.4% YoY …

Andrew Bailey, governor of the Bank of England, declared before members of the Parliament that he is ‘very uneasy’ about the UK’s inflation situation, in comments that suggest he could vote for an interest rate rise soon.Testifying to the Treasury Committee, Bailey said this month’s vote to leave interest rates …

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.