The pound fell sharply against the dollar today after the Bank of England cut its forecast for UK growth - but left the door open to an interest rate hike in the not-too-distant future.
Sterling.. City A.M.
British inflation will peak lower than previously thought this year, according to a group of influential economists, giving the Bank of England more leeway to leave interest rates at current.. City A.M.
October 28 -- French growth rebounded in the third quarter as part of a start-stop expansion that leaves Europe’s second-largest economy lagging its neighbors such as Spain. Gross domestic product in.. Source: Bloomberg Global Business -
The Office for National Statistics’ (ONS) preferred measure of inflation has been designated a national statistic, opening the door for a change in the Bank of England’s inflation target.
The.. City A.M.
British GDP growth accelerated slightly in the second quarter of the year, but economists are hardly ecstatic.
Growth of 0.3 per cent in the second quarter is still less than half of the rate in the.. City A.M.
The chances of Britain falling into recession are now more likely than not, a leading consultancy has warned.
The UK has defied expectations it would fall into a recession following the Brexit vote... City A.M.
Business confidence has plummeted in the wake of the General Election, according to a new report, as the country faces heightened uncertainty and a slowdown in economic growth.
A global survey of.. City A.M.
Inflation slowed dramatically in June as prices of motor fuel and other recreational goods and services slumped, easing pressure on the Bank of England to raise interest rates.
Consumer prices.. City A.M.