GBP News

UK firms raised temporary job placements in August following the relaxation of public health measures and reopening of the UK economy after the Covid-19 outbreak, the latest KPMG and REC Report on Jobs showed Wednesday.

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The UK voted to leave the European Union over four years ago and we are now heading into the week when both sides, potentially, will finally say ‘deal or no-deal’.

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UK retail sales grew at the fastest pace since 2009 as consumers resorted to stockpiling amid rising Covid-19 cases, data from the British Retail Consortium revealed Tuesday.

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New car sales in the UK fell 1.6 percent in October to 140,945 units and marked a nine-year low for the month, the Society for of Motor Manufacturers and Traders, or SMMT, said Thursday.

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UK Chancellor of the Exchequer Rishi Sunak on Wednesday boosted spending on infrastructure and plans to create jobs for the unemployed as official forecasts pointed to the worst economic contraction in over 300 years due to the impact of the coronavirus pandemic.

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UK retail sales declined for the first time since last spring as the current lockdown has hit non-essential retailers harder than in November, data from the British Retail Consortium showed Tuesday.

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Fresh remarks from BoE officials may keep the British Pound afloat amid the growing discussion within the central bank to scale back the emergency measures.

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The update to the UK Consumer Price Index (CPI) may undermine the recent rally in GBP/USD as the report is anticipated to show a slowdown in the core rate of inflation.

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U.K. interest rates would have to be raised if the labor market stays tight, Bank of England Policymaker Jonathan Haskel said on Tuesday.

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The Bank of Japan maintained its monetary policy stimulus unchanged, as widely expected, and lifted its inflation projection for the next fiscal year citing rising commodity prices. The policy board, governed by Haruhiko Kuroda, on Tuesday, voted 8-1, to hold the interest rate at -0.1 percent on current accounts that financial institutions maintain at the central bank.

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