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interest rates

  • UK retail sales tick up in July after summer discounts and Euros boost

    August 16, 2024

    Friday's data is among a raft of economic figures released this week that will provide key indicators for Bank of England policymakers as they decide whether to cut interest rates in September.

  • UK economy grows 0.6 per cent in second quarter, in line with expectations

    August 15, 2024

    The UK economy grew in line with expectations in the second quarter of 2024, as it continued to bounce back from a shallow recession.

  • UK unemployment falls unexpectedly as wage growth slows to two-year low

    August 13, 2024

    UK unemployment unexpectedly fell in the three months to June while a slowdown in wage growth to its lowest level in more than two years added to signs that the jobs market is cooling.

  • UK economic data dump set to bolster case against September rate cut

    August 12, 2024

    A slew of official UK economic data this week is poised to bolster the case for policymakers at the Bank of England not to cut interest rates next month, with inflation forecast to rise for the first time this year.

  • UK business output jumps to highest level in two years as further rate cuts expected

    August 12, 2024

    UK business output has jumped to its highest level in two years, according to a closely-watched survey, as the expectation of more interest rate cuts provide optimism for the coming months.

  • Shawbrook: Underlying profit dips as challenger bank’s margins narrow

    August 8, 2024

    Challenger bank Shawbrook has reported a dip in underlying profit for the first half of 2024 as looming interest rate cuts from the Bank of England narrowed its lending margins.

  • Treasury’s QE bill might reach £95bn, Bank of England estimates show

    August 6, 2024

    The latest estimate, released today by the Bank of England in a quarterly update, is a slight increase on the Bank’s previous upper estimate of £85bn. 

  • US recession fears ease but markets remain firmly in the red

    August 5, 2024

    US stocks cratered on Monday as the prospect of a recession in the world's largest economy spooked investors across the globe and tech giants were hit by a mass sell-off.

  • FTSE 100: London stocks jump and pound slides after Bank of England cuts interest rates

    August 1, 2024

    London stocks jumped this afternoon and the pound hit a one month low after the Bank of England moved to scale back interest rates from a 16-year high at its latest monetary policy meeting.

  • Eurozone inflation rises unexpectedly but September rate cut still on

    July 31, 2024

    Figures released today showed that prices rose 2.6 per cent in July, ahead of the 2.5 per cent expected by economists.

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