Economic News
Global macro outlook "more uncertain", says Bank of England
The Bank of England has warned that the global economic outlook has become more uncertain and risks have increased, while a potential sharp correction in asset prices could hike the cost of borrowing.
Mortgage approvals hit two-year high - Bank of England
Mortgage approvals hit a two-year high in October, Bank of England data showed on Friday, as the UK housing market continued to regain ground.
Eurozone inflation ticks higher in November
Euro area inflation picked up in November in annual terms, although some economists were expecting that it would soon head lower again.
UK house prices to rise 2.5% in 2025, Zoopla says
Lower mortgage rates have supported a return to house price growth across every region of the UK, according to Zoopla, which has predicted a 2. 5% increase in prices next year with buyer demand up by a quarter on last year.
German retail sales fall more than expected in October
German retail sales fell more than expected in October, down 1. 5% compared with the previous month, according to official data published on Friday.
French inflation picks up to 1.7% as expected
French inflation picked up as expected in November as consumer price growth continued to rebound from a three-year low in September, according to preliminary estimates released on Friday by INSEE.