GBP News

U.K. households were more downbeat about their finances in June, results of a survey by Markit Economics and financial information provider Ipsos Mori revealed Wednesday.

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British manufacturers reported a fall in orders in June largely due to sluggish export demand, the latest Industrial Trends Survey from the Confederation of British Industry showed Tuesday.

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British retailers said their sales growth slowed in June but it is expected to improve next month, the latest monthly Distributive Trades Survey from the Confederation of British Industry showed Thursday.

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The average asking price for a house in the United Kingdom was up 0.1 percent on month in July, property tracking website Rightmove said on Monday - coming in at 294,542 pounds.

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Policymakers of the Bank of England unanimously decided to keep the monetary policy unchanged at the meeting held early this month, but more rate-setters moved closer to vote for a rate hike. The Monetary Policy Committee voted 9-0 to retain its key rate at a record low 0.50 percent and asset purchase programme at GBP 375 billion. For all members, the policy decision this month was clear cut, the

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U.K. retail sales growth is expected to slow next month after demand for clothing pushed up sales in July, the Distributive Trades Survey from the Confederation of British Industry showed Wednesday.

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The Bank of England kept its key rate unchanged at a record low in a split vote in August as the majority of policymakers waited for signs of price pressures before starting monetary policy tightening. The Monetary Policy Committee voted 8-1 to maintain its bank rate at 0.50 percent in the policy session that concluded Wednesday, which was the first split vote this year.

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U.K. unemployment increased and wage growth slowed in the second quarter, supporting the assessment that the interest rate need not be raised quickly this year. In the second quarter, the ILO unemployment rate edged up to 5.6 percent from 5.5 percent in the three months to March, but fell notably from 6.3 percent in the same period of last year, the Office for National Statistics reported.

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British retail sales growth improved unexpectedly in August, survey data from the Confederation of British Industry revealed Wednesday.

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House prices in England and Wales climbed at a slower pace in July, data from the Land Registry showed Friday.

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