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UK Economy Logs Marginal Growth

UK Economy Logs Marginal Growth

The UK economy logged only a marginal growth in third quarter as the cyber attack on Jaguar Land Rover hit production, official data revealed on Thursday. Gross domestic product grew 0.1 percent sequentially, following the prior quarter's 0.3 percent expansion, the Office for National Statistics reported Thursday. Output was expected to advance 0.2 percent.
RTTNews | 1天前
UK Unemployment Rate Highest Since 2021

UK Unemployment Rate Highest Since 2021

The UK unemployment rate increased to the highest since early 2021 in the third quarter, raising chances of an interest rate cut, official data revealed on Tuesday. The ILO jobless rate rose to 5.0 percent in the third quarter from 4.8 percent in the three months to August, the Office for National Statistics said. The rate was above economists' forecast of 4.9 percent.
RTTNews | 3天前
UK House Prices Rise To Record High: Halifax

UK House Prices Rise To Record High: Halifax

UK house prices rose to a record high in October as property market activity remained strong ahead of Autumn Budget, data from the mortgage lender Halifax revealed Friday. The value of the average UK homes reached GBP 299,862 in October, the highest on record. House prices grew 0.6 percent month-on-month in October, which was the fastest since January.
RTTNews | 7天前
Bank Of England Holds Rate Steady At 4% In Tight Vote

Bank Of England Holds Rate Steady At 4% In Tight Vote

The Bank of England decided to hold the interest rate in a tight vote on Thursday and signaled that the rate will follow a gradual downward path if disinflation process continues. The Monetary Policy Committee, led by Governor Andrew Bailey, voted 5-4 to retain the bank rate at 4.00 percent. The central bank had reduced the rate five times since August 2024, which is now at its lowest since ea
RTTNews | 8天前
UK Manufacturing PMI At 1-Year High

UK Manufacturing PMI At 1-Year High

The UK manufacturing activity shrank in October but the pace of contraction was the slowest in a year, the final purchasing managers' survey from S&P Global revealed on Monday. The factory Purchasing Managers' Index rose to a 12-month high of 49.7 in October from 46.2 in September. The flash reading was 49.6.
RTTNews | 11天前
UK Nationwide House Price Growth Softens

UK Nationwide House Price Growth Softens

UK house prices increased at a slower pace in October as buyers were cautious ahead of the budget, data from the Nationwide Building Society showed Friday. House price posted a monthly growth of 0.3 percent in October, slower than the 0.5 percent rise seen a month ago. Nonetheless, the figure was better than the forecast of nil growth.
RTTNews | 14天前
UK Retail Sales Rise Unexpectedly; Consumer Confidence Improves

UK Retail Sales Rise Unexpectedly; Consumer Confidence Improves

UK retail sales grew unexpectedly in September amid strong expansion in non-store retailing, data from the Office for National Statistics showed Friday. Retail sales advanced 0.5 percent in September from the previous month, confounding expectations for a decline of 0.2 percent. Sales had climbed 0.6 percent in August.
RTTNews | 21天前
UK Consumer Prices Rise Less Than Forecast

UK Consumer Prices Rise Less Than Forecast

UK consumer prices rose less than expected and food inflation eased for the first time in six months in September, raising hopes that the Bank of England could reduce interest rates this year. Consumer prices logged an annual growth of 3.8 percent in September, the same rate of increase as seen in August, the Office for National Statistics said Wednesday. Prices were expected to climb at a faster
RTTNews | 23天前
UK Budget Deficit Overshoots Estimate

UK Budget Deficit Overshoots Estimate

The UK budget deficit surpassed the official estimate in the financial year to September, reaching the second highest level on record due to higher debt costs, data from the Office for National Statistics showed on Tuesday. In the first half of the year, public sector net borrowing rose by GBP 11.5 billion from the last year to GBP 99.8 billion.
RTTNews | 24天前
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews | 29天前