The UK Retail Sales arrived at -1.0% over the month in December vs. -0.5% previous. The Core Retail Sales, stripping the auto motor fuel sales, fell by 1.1% MoM vs. -0.3% previous. On an annualized basis, the UK Retail Sales plunged 5.8% in December versus -5.7% prior while the Core …
Read More »The acceleration of wage growth in Britain raises the Bank of England’s concern about inflation
The pace of wage growth in Britain, which the Bank of England monitors closely to determine the pace of interest rate hikes, accelerated in the three months to November, official data showed on Tuesday. Wages excluding bonuses rose 6.4% year-on-year in the September-November period, the biggest increase since records began …
Read More »Nord Stream back to headlines with Russian Accusations To Sweden
In 2022, leaks were spotted in the Nord Stream 1 and 2 pipelines, presumably caused by explosions that Sweden investigated to later conclude it was likely the result of serious sabotage, and now Russia is complaining that Sweden is hiding something and unwilling to share its investigation’s findings. Russia accused …
Read More »UK, Italy impose restrictions on passengers arriving from China
The United States announced that all flight passengers arriving from China will be required to show a negative Covid test result before flying to the States. The decision will come into force as of January 5.Risk sentiment is lukewarm amid fresh concerns over the covid spread worldwide once again. The …
Read More »Britain’s economic growth slowed to 1.9% in the third quarter of 2022 on an annual basis
The pace of British GDP growth slowed in the third quarter of 2022, as the economy grew by 1.9%, compared to expectations of a growth of 2.4%, after the economy had previously recorded a growth of 4.4%. On a quarterly basis, the UK economy contracted by 0.3%, compared to expectations …
Read More »Retail sales in Britain contracted and recorded a negative reading
The data of the National Statistics Office issued in Britain today, Friday, showed that the retail sales index recorded a negative reading, as Britain witnessed a contraction in retail sales by 0.4% last November, which is worse than the market’s expectations of an index growth of about 0.3%, after the …
Read More »UK house prices are falling at the fastest rate since mid-2020
UK house prices fell more than expected in November, as rising borrowing costs affected market sentiment. British home prices fell by 1.4% in November, which is the largest monthly decline since June 2020, according to data from the Nationwide mortgage lender. On an annual basis, house price growth in the …
Read More »UK Retail Sales jump 0.6% MoM in October
The UK retail sales arrived at 0.6% over the month in October vs. 0% expected and -1.5% previous. The core retail sales, stripping the auto motor fuel sales, rose 0.3% MoM vs. 0.6% expected and -1.5% previous. On an annualized basis, the UK retail sales plunged 6.1% in October versus …
Read More »UK: Rishi Sunak to become next UK PM after winning leaderchip contest
Sir Graham Brady, chair of the 1922 Committee, announced on Monday that Rishi Sunak is elected as leader of the Conservative Party and new prime minister following Penny Mordaunt’s decision to drop out of the contest. Sunak will reportedly deliver a private speech to Tory MPs at 1430 GMT.
Read More »Suella Braverman quits UK home secretary post
Suella Braverman has left her position as UK Home Secretary, adding to the turmoil surrounding Prime Minister Liz Truss’s six-week government. In less than a week, after finance minister, Kwasi Kwarting, had been fired on Friday.The Home Secretary was reported to be leaving “by order” from the new Finance Minister …
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