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Uk pmi services finalized at 49.5, shallow downturn persists

UK PMI Services index was finalized at to 49.5 in October up fractionally from 49.3 in September, lingering in contraction territory for the third con...

November 3, 2023, 10:11 am

Uk government quashes guarantees on almost £1bn loans

British Business Bank (BBB), which administered the government pandemic loan schemes, removed guarantees with a total value of £979m. The bank quoted...

November 2, 2023, 11:06 am

Uk manufacturing downturn persists: pmi edges up but optimism plummets

UK PMI Manufacturing data was finalized at 44.8 in October, marking a modest improvement from September’s 44.3. However, the report by S&P Global un...

November 1, 2023, 9:49 am

Uk government looking to tighten control over cryptocurrency

In the follow-up to this initial paper, the Government indicated it plans to regulate several cryptocurrency dealings according to the same rules used...

October 31, 2023, 11:01 am

Uk unemployment data underlines labor market softness

Latest UK labor market data underscored the softening situation with the number of people in jobs continuing to fall, official data revealed on Tuesda...

October 24, 2023, 9:42 am

Uk economy on the brink: pmi data signals persistent contraction

October’s PMI shows UK contraction led by manufacturing; declining orders, staffing worsen bearish outlook amid rising costs, weak exports. The ...

October 24, 2023, 8:51 am

Uk pmi composite ticks up to 48.6, recession cannot be ruled out

UK PMI Manufacturing saw a modest uptick, moving from 44.3 to 45.2 in October. In contrast, Services sector edged downwards, marking a 9-month low, al...

October 24, 2023, 8:43 am

Uk payrolled employment fell -11k in sep, pay growth slowed to 5.7% yoy

In September, UK payrolled employment fell -11k. Median monthly pay rose 5.7% yoy, slowed notably from August’s 7.7% yoy. Annual growth in median pa...

October 24, 2023, 7:49 am

Uk breaking news: unemployment rate drops in august, gbp lifts

underscoring the difficulties that lie ahead. GBP/USD saw a slight lift after the release, helped somewhat by a weaker USD after US yields declines ye...

October 24, 2023, 7:29 am

Uk unemployment rate falls to 4.2% in august

The UK unemployment rate fell in August while wage growth remained elevated. Private sector PMIs for October are out next. The ...

October 24, 2023, 6:27 am

Ukraine receives 9th eu macro-financial assistance tranche for eur 1.5 billion

Ukraine has received the ninth tranche of EUR 1.5 billion in the framework of large-scale macro-financial assistance (MFA) from the EU for 2023.This i...

October 23, 2023, 4:29 pm

Uk research and development works amidst government borrowing

Despite this, HM Revenue and Customs data from September of this year presents a promising increase in UK R&D expenditure (Research & Development). Af...

October 23, 2023, 10:56 am

Uk retail sales fall by 0.9% in september, sending recession signals

The UK economy is ending the third quarter on a low note. Sticky inflation hit consumers in September, with softer wage growth painting a bleak pictur...

October 20, 2023, 6:18 am

Uk retail sales volumes down -0.9% mom in sep, value down -0.2% mom

UK retail sales volumes fell sharply by -0.9% mom in September, much worse than expectation of -0.4% mom. Sale volumes excluding automotive fuel dropp...

October 20, 2023, 6:08 am

Gbp price action setups: gbp/usd, eur/gbp, gbp/aud post uk cpi

UK Inflation data showed signs of stickiness this morning but a closer look at the data provided many positive signs for the Bank of England. Let's ta...

October 18, 2023, 5:23 pm

Uk inflation steady at 6.7%

UK consumer price inflation remained unchanged in September as the rise in oil prices was offset by the slowdown in food inflation, but this is unlike...

October 18, 2023, 10:44 am

Uk equities drop after hotter than expected inflation data

UK shares slipped on Wednesday, as gains in energy and precious metal mining stocks were offset by a hotter than anticipated consumer inflation data, ...

October 18, 2023, 8:29 am

Uk regular pay growth matches expectations at 7.8%

UK’s annual growth in regular pay, excluding bonuses, stood in line with market expectations, clocking in at 7.8% in the three months to August. How...

October 17, 2023, 6:30 am

Uk gdp shows modest 0.2% mom growth in aug, services the sole contributor

UK’s GDP data for August reveals a mixed bag of results, characterized by modest growth and a sector-specific performance variance. The economy grew...

October 12, 2023, 6:18 am

Uk economy expands by 0.2% thanks to services sector output

The UK economy returned to growth in August. However, a slump in production and weak customer-facing-services output are concerns. The ...

October 12, 2023, 6:17 am


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