UK retail sales fall unexpectedly by 0.4% in November British retail sales slid unexpectedly in November, despite the men's soccer World Cup and the Black Friday sales promotions, showing the stress felt by many … Business • 16 Dec 22
Sterling falls after BoE's ninth consecutive rate hike Sterling fell against the dollar today after the Bank of England delivered an expected half-percentage-point hike in interest rates, its ninth in a row, as … Business • 15 Dec 22
Bank of England increases rates to 14 year high of 3.5% The Bank of England today raised its key interest rate to 3.5% from 3%, its ninth rate rise in a row as it tries to … Business • 15 Dec 22
Bank of England sells 3.8 billion pounds of gilts The Bank of England sold 3.843 billion pounds of long-dated and index-linked gilts today, taking to 14.02 billion pounds the total volume of these bonds … Business • 14 Dec 22
Investors poised for more interest rate increases European stock markets have eased back slightly having soared yesterday in response to figures showing that the rate of inflation in the US continues to … Business • 14 Dec 22
UK inflation falls to 10.7% in November Britain's inflation fell more sharply than expected in November to 10.7% from October's 41-year high of 11.1%, according to the official consumer prices data. Business • 14 Dec 22
Bank of England warns of rising pressure on households The Bank of England has warned today about "significant pressure" on households and businesses due to higher inflation and borrowing costs, but said they were … Business • 13 Dec 22
UK unemployment rate rises again to hit 3.7% Britain's unemployment rate rose for a second month in a row and there were other signs of a cooling labour market in data published today, … Business • 13 Dec 22
UK economy grows by 0.5% in October The UK economy rebounded in October a little more strongly than expected from September when output was affected by a one-off public holiday to mark … Business • 12 Dec 22
Sterling moves higher again today Sterling ticked up today, rising for a second day against a faltering US dollar after preliminary British economic activity data beat expectations, though it still … Business • 23 Nov 22
Covid in China sets sterling for big daily fall Sterling slipped against a strengthening US dollar today as global risk sentiment was dented by rising Covid-19 cases in China, which led to new restrictions … Business • 21 Nov 22
FTX collapse shows need to regulate crypto - BoE The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon Cunliffe … Business • 21 Nov 22
Virgin Money reports jump in annual profit British lender Virgin Money has today reported a 43% increase in full-year profit, as Bank of England rate rises lifted its finances ahead of a … Business • 21 Nov 22
UK budget will lead to 'shallower downturn' - Hunt Britain has unveiled an austerity budget with £55 billion of tax hikes and spending cuts, despite confirming its economy is in recession. Business • 17 Nov 22
UK economy shrinks less than feared as recession looms Britain's economy shrank by a less severe than expected 0.2% in the three months to September, according to official data which is likely to represent … Business • 11 Nov 22
More rate rises to come - Bank of England economist The Bank of England is set to increase interest rates again and "cannot declare victory" yet against inflation, according to its top economist. Business • 08 Nov 22
Persimmon flags slowing demand amid surge in rates Persimmon, Britain's second-largest housebuilder, said today that its sales rate slipped further in the last six weeks, as the political and economic turmoil in the … Business • 08 Nov 22
Euro and sterling jump, dollar falters Euro and sterling rose against the safe-haven US dollar today, supported by a risk-on sentiment across markets with European stocks rising on persistent hopes China … Business • 07 Nov 22
Carney insists that Brexit has taken toll on UK economy Former Bank of England governor Mark Carney has doubled down on his claims Brexit has taken a toll on the pound and sparked higher inflation. Business • 04 Nov 22
Sterling drops as Bank of England hikes interest rates Sterling fell sharply today as the Bank of England raised interest rates by 75 basis points, a day after the Federal Reserve hiked borrowing costs … Business • 03 Nov 22
Bank of England raises interest rates to 3% The Bank of England has today raised interest rates to 3% from 2.25%, its biggest rate rise since 1989 as it warned of a "very … Business • 03 Nov 22
Sterling dips ahead of Bank of England decision Sterling reversed earlier gains against the dollar and euro in later trade as markets braced for policy decisions from the Bank of England on benchmark … Business • 02 Nov 22
Sterling hits six week high as budget plan delayed Sterling soared to six-week highs today, as Britain's new Prime Minister Rishi Sunak held his first cabinet meeting and a decision to delay the announcement … Business • 26 Oct 22
Political chaos tips UK firms into deeper slide - PMIs British businesses are suffering their worst month since January 2021, when they were under a Covid-19 lockdown, as the country's political upheavals compound concerns about … Business • 24 Oct 22
Sterling rallies as Prime Minister Liz Truss resigns Sterling rallied and investors reined in their bets on a big Bank of England interest rate hike in November as UK Prime Minister Liz Truss … Business • 20 Oct 22
