The UK economy is anticipated to grow at a faster pace than previously expected, stimulating optimism amidst prevailing economic uncertainties. The projected GDP growth for 2023…
Browsing: Bank of England
Goldman Sachs projects the British pound will reach significant highs against the US dollar, marking a potential milestone since 2021. Key economic factors, including forecasts and…
The UK economy is experiencing slower growth amid uncertainty over the upcoming budget, contributing to a cautious business climate.In September, the UK’s PMI composite output index…
The British pound surged to its highest level in two years, driven by the Bank of England’s decision to maintain its interest rates. This financial maneuver…
UK’s public sector borrowing figures for August exceeded expectations, highlighting fiscal challenges.Public sector net borrowing hit £13.7 billion, overshooting forecasts by the Office for Budget Responsibility.The…
British retail sales have surged, marking the strongest growth in two years.Sales volumes rose 2.5%, surpassing expectations of a 1.5% increase.The Office for National Statistics reported…
The British Independent Retailers Association (Bira) has called for a reduction in interest rates to rejuvenate consumer spending as the Bank of England’s latest decision looms.Recent…
In a notable development, the UK inflation rate remained steady at 2.2% in August, while core inflation saw an ascent to 3.6%.The stability in headline inflation…
The UK inflation rate held steady at 2.2% in August, with core inflation rising, driven by increased airfares.Core inflation rose to 3.6%, surpassing expectations and highlighting…
The Bank of England finds itself in a delicate position as economic indicators point to potential changes in interest rates.Job vacancies in the UK have decreased…