UK House Prices Fall More Than Expected

UK Budget Deficit Exceeds Estimate In June

The UK budget deficit widened more than estimated in June on higher debt servicing costs, which has added pressure on Chancellor Rachel Reeves to raise taxes at the autumn budget. Public sector net borrowing rose by GBP 6.6 billion from the previous year to GBP 20.7 billion in June, the Office for National Statistics reported Tuesday.

RTTNews | 1 dag sedan

UK Consumer Sentiment Remains Downbeat: S&P Global

British households remained pessimistic about economic conditions and their financial wellbeing in July, survey data from S&P Global showed on Monday. The S&P Global consumer sentiment index rose slightly to 45.1 in July from 45.0 in June. However, the score below 50 signals deterioration.

RTTNews | 2 dagar sedan

UK House Prices Drop In July: Rightmove

UK house prices declined in July as decade-high level of supply limited the pricing capacity of sellers, property website Rightmove said Monday. Average asking prices dropped 1.2 percent in July from the previous month to GBP 373,709. Data showed that as the number of available homes remained at a decade-high level, summer sellers priced even more competitively to attract buyer interest.

RTTNews | 2 dagar sedan

UK Unemployment Rate Rises; Wage Growth Slows

The U.K. jobless rate rose unexpectedly to a near four-year high and wage growth softened in the three months to May, suggesting that the labor market is cooling. Data from the Office for National Statistics showed that the unemployment rate edged up to 4.7 percent in the three months to May, marking the highest rate since June 2021. The rate was forecast to remain unchanged at 4.6 percent.

RTTNews | 6 dagar sedan

UK Inflation Unexpectedly Accelerates To Strongest Since Early 2024

UK consumer price inflation accelerated unexpectedly in June to the strongest level since January 2024 largely due to higher transport and food costs but the Bank of England is expected to loosen its policy further, given mounting concerns over economic conditions. The consumer price index advanced 3.6 percent year-on-year in June, faster than the 3.4 percent rise in May.

RTTNews | 7 dagar sedan

UK Economy Contracts For Second Straight Month

The UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in meeting her self-imposed borrowing rules. Gross domestic product fell unexpectedly by 0.1 percent in May, following a 0.3 percent drop in April, data from the Office for National Statistics revealed on Friday.

RTTNews | 12 dagar sedan

UK House Prices Remain Flat In June: Halifax

UK house prices remained flat in June after falling last month as more first-time buyers returned to the market, data from the mortgage lender Halifax showed on Monday. House prices stagnated on a monthly basis, reversing May's 0.3 percent decrease. Prices were forecast to fall 0.1 percent. At the same time, annual growth in house prices softened to 2.5 percent from 2.6 percent in the preceding

RTTNews | 16 dagar sedan

UK Construction Sector Contraction Slowest In 6 Months

UK construction activity declined at the slowest pace since the current period of contraction began in January, survey results from S&P Global showed on Friday. The headline construction Purchasing Managers' Index rose to 48.8 in June from 47.9 in May. The expected score was 48.6. Any reading below 50.0 indicates an overall reduction in construction activity.

RTTNews | 19 dagar sedan

EURUSD	1.17249	GBPUSD	1.35327	AUDUSD	0.65909
USDJPY	146.557	USDCAD	1.36003	USDCHF	0.79382

Advertisement

UK House Prices Fall More Than Expected