This is a discussion on GBP News within the Analytics and News forums, part of the Trading Forum category; The UK economy grew at a slightly faster pace as initially estimated in the third quarter, but higher inflation and ...
The UK economy grew at a slightly faster pace as initially estimated in the third quarter, but higher inflation and real pay squeeze weighed on consumer spending. Gross domestic product expanded 0.4 percent sequentially in the third quarter, faster than the 0.3 percent growth seen in the first two quarters of 2017, the Office for National Statistics reported Friday.
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The UK manufacturing activity grew strongly at the end of 2017, though the pace of expansion moderated slightly, data published by IHS Markit showed Tuesday. The IHS Markit/Chartered Institute of Procurement & Supply factory Purchasing Managers' Index fell to 56.3 in December from November's 51-month high of 58.2.
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The UK visible trade deficit widened in November, data published by the Office for National Statistics showed Wednesday.
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The average asking price for a house in the United Kingdom was up 0.8 percent on month in February, property tracking website Rightmove said on Monday - coming in at 300,001 pounds.
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Bank of England Governor Mark Carney said bitcoin has pretty much failed as currency as its value is unstable and it cannot be a useful way to buy things. "It has pretty much failed thus far on ... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange," he told students at Regent's University in London.
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UK house prices stabilized in February and property coming to the market for sale declined, survey data from the Royal Institution of Chartered Surveyors showed Thursday.
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The UK manufacturing sector maintained a steady growth in March, survey results from IHS Markit showed Tuesday.
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The average asking price of a house in the United Kingdom was up 0.4 percent on month in April, property tracking website Rightmove said on Monday - coming in at a record 305,732 pounds.
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UK retail sales declined more than expected in March, the Office for National Statistics showed Thursday.
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British consumer confidence weakened in April, after improving in the previous month, survey data from GfK showed Friday.
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