GBP News

House prices in the United Kingdom rose at a slightly slower pace in June compared to May, but the pace of increase remained solid, figures from the Office for National Statistics showed Tuesday.

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The U.K.'s house price sentiment index rose at the slowest pace in five months in August, results of a survey by Knight Frank and Markit Economics showed Friday.

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House prices growth in the U.K. accelerated unexpectedly in August, the results of a survey by Nationwide showed Friday.

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House prices in the England and Wales continued to rise at a faster rate in July, latest data from the Land Registry revealed Friday.

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British service sector activity grew at the strongest pace in ten months during August amid favorable market conditions and new business growth, survey data from the Chartered Institute of Purchasing & Supply and Markit Economics showed Wednesday.

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Job vacancies in the U.K. grew at the sharpest rate in more than 16 years in August, results of a survey by Markit Economics on behalf of the Recruitment & Employment Confederation, or REC, and KPMG showed Friday.

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Like-for-like retail sales in the United Kingdom were up 1.3 percent on year in August, the British Retail Consortium said on Tuesday.

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Bank of England Governor Mark Carney signaled that the interest rate is set to rise by Spring next year, for the first time since the onset of financial crisis, as economic recovery has exceeded all expectations and wage growth improves. "You can expect interest rates to begin to increase," he said.

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The U.K. economy grew at a faster rate in the three months to August after slowing slightly in the July quarter, the latest estimates from the National Institute of Economic and Social Research showed Tuesday.

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The average asking price for a house in the United Kingdom jumped 0.9 percent on month in September, property tracking website Rightmove said on Monday - standing at 264,875 pounds.

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