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The National Institute of Economic and Social Research downgraded the growth outlook for the U.K. economy as activity was weighed down by uncertainty surrounding the outcome of the EU referendum.
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This is a discussion on GBP News within the Analytics and News forums, part of the Trading Forum category; The National Institute of Economic and Social Research downgraded the growth outlook for the U.K. economy as activity was weighed ...
The National Institute of Economic and Social Research downgraded the growth outlook for the U.K. economy as activity was weighed down by uncertainty surrounding the outcome of the EU referendum.
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The average asking price for a house in the United Kingdom was up 0.4 percent on month in May, the latest survey from property tracking website Rightmove revealed on Monday - coming in at 308,151 pounds.
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The Confederation of British Industry on Monday downgraded its U.K. growth outlook as uncertainty ahead of the EU referendum weigh on investment plans.
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The U.K. unemployment rate held steady at a decade-low in the three months to March period and the employment rate hit a record high, reflecting that the labor market weathered uncertainty on the EU referendum. The Office for National Statistics showed that the ILO jobless rate remained at 5.1 percent, unchanged from February and matched economists' expectations.
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British manufacturing unexpectedly rebounded in May with modest growth as new order gains were subdued amid the sustained decline in foreign demand, survey data from Markit Economics showed Wednesday.
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U.K. service sector growth strengthened more-than-expected in May after easing to a 38-month low in April, survey data from Markit Economics showed Friday.
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Like-for-like sales in the United Kingdom were up 0.5 percent on year in May, the British Retail Consortium said on Tuesday.
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British house price inflation eased for the first time in eight months in April, figures from the Office for National Statistics showed Tuesday.
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The U.K. economy is strong enough to face the future but needs to adjust to the new situation, Chancellor of the Exchequer George Osborne said Monday in a bid to calm financial markets that have been roiled by the country's decision to leave the European Union in the June 23rd referendum.
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Following Britain's vote to leave the European Union, Bank of England Governor Mark Carney hinted at providing further stimulus in a speech on Thursday. In remarks to business leaders, Carney said a material slowing in economic growth now looks likely to be the central forecast in reaction to the so-called Brexit.
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