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U.K. retail sales declined unexpectedly in January, data from the Office for National Statistics showed Friday.
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This is a discussion on GBP News within the Analytics and News forums, part of the Trading Forum category; U.K. retail sales declined unexpectedly in January, data from the Office for National Statistics showed Friday. more......
U.K. retail sales declined unexpectedly in January, data from the Office for National Statistics showed Friday.
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The Bank of England will not hesitate to change policy if deemed appropriate, Governor Mark Carney said at a parliamentary committee hearing on Tuesday. The BoE Chief defended the bank's estimate on unemployment when Andrew Tyrie, the chairman of Parliament's Treasury Committee, questioned the bank's estimate of spare capacity.
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Permanent job placements in the U.K. grew at the fastest pace in one year in February, the Report on Jobs compiled by the Recruitment and Employment Confederation and IHS Markit showed Wednesday.
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The U.K. economy is set to grow at a faster pace this year than estimated earlier, the government said, as the country prepares to kick-start the process of exiting the European Union later this month. The Office for Budget Responsibility raised the growth forecast for this year to 2 percent, the Chancellor of the Exchequer Philip Hammond said in his budget speech on Wednesday.
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British households perceived that the value of their homes increased again in March, survey figures from IHS Markit and Knight Frank showed Friday.
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UK banks will be provided specific phase-in time to operate in Europe after the country leaves the European Union, Sabine Lautenschlager, Vice-Chair of the Supervisory Board of the European Central Bank, said Monday.
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British manufacturing growth moderated unexpectedly in March to the weakest level in four months, survey results from IHS Markit and Chartered Institute of Procurement & Supply showed Monday.
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Shop prices in the United Kingdom were down 0.8 percent on year in March, the British Retail Consortium said on Wednesday.
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UK's services activity grew at the fastest pace in three months in March, driven by a solid rise in new orders, survey data from IHS Markit and the Chartered Institute of Procurement and Supply showed Wednesday. The CIPS/Markit Purchasing Managers' Index for the services sector rose to 55.0 in March from February's 5-month low of 53.3. The score was forecast to rise slightly to 53.4.
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Like-for-like retail sales in the United Kingdom were down 1.0 percent on year in March, the British Retail Consortium said on Tuesday.
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