Tag Archives: UK

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) for November came in at 46.7, surpassing expectations of 45.0 and marking an improvement from October’s final print of 44.8. In addition, the Preliminary UK Services Business Activity Index showed significant progress, reaching a four-month high of 50.5 in …

Annual inflation in Britain for October slowed by 4.6%, more than expected to slow by 4.8%, meaning it reached a two-year low last month. Inflation in Britain reached 6.7% during September and August. The Bank of England earlier this month left its benchmark interest rate unchanged at 5.25% after ending …

Britain on Wednesday imposed sanctions on 29 individuals and entities in Russia’s gold and oil sectors as part of its targeting of the Kremlin’s finances supporting the war in Ukraine. The sanctions include a UAE-based network that Britain says is responsible for funneling more than $300 million in gold revenues …

The UK’s GDP grew by about 0.2% last August, and by the same rate during the second quarter of 2023. According to data from the National Statistics Authority issued today, Thursday, the twelfth of October, the growth of the economy during August came after a contraction in the gross domestic …

British retail sales partially recovered in August compared to July, which saw heavy rain, official data showed on Friday, adding to the evidence that the country’s consumers are adjusting to cost-of-living pressures. The British Office for National Statistics said that sales volume rose 0.4 percent on a monthly basis after …

Britain’s Transport Secretary Mark Harper said it would take days to solve widespread flight disruption to and from the country after air traffic control systems suffered a technical problem. Authorities canceled more than 1,500 flights on Monday, one of the busiest days of the week in the country, after air …

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell further in August to 42.5 from 45.0 predicted and 45.3 in July. Meanwhile, the Preliminary UK Services Business Activity Index fell to a seven-month low of 48.7 in August, compared to a final print of 51.5 in July …

UK wages excluding bonuses soared to the highest growth rate since 2001, pushing unemployment to 4.2%. The GBP/USD pair surges following Monday’s session, which portrayed a ‘hammer’ formation, suggesting that further upside is expected. UK jobs data overshadowed positive economic data from the United States, as wages grew above estimates, …

European Central Bank Governing Council member Yannis Stournaras told CGTN Europe on Wednesday that he wasn’t sure whether the ECB would hike rates again after 25 bps increase next week.“We might have one further move next week of 25 basis points, but I’m not sure that we’re going to go …

Mohamed Hashad, Director of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on global financial market developments, particularly expectations related to a US interest rate hike and whether the Federal Reserve has reached or about to reach the end of its monetary …