News And Announcements
UK economy grows less than expected in July
The UK economy returned to growth in July, but this was weaker than expected as industrial production and construction shrank, according to figures released on Monday by the Office for National Statistics.
BoE delays rate decision after Queen Elizabeth’s death
The Bank of England said on Friday that it will delay its next interest rate decision by a week following the death of Queen Elizabeth II.
China's consumer price inflation slows in August
Inflation in China slowed in August amid weak demand, according to figures released on Friday by the National Bureau of Statistics.
ECB hikes interest rates by 75 basis points
The European Central Bank lifted interest rates on Thursday by an unprecedented 75 basis points as it looks to tackle surging inflation.
Truss: household energy bills to be capped at £2,500
Household energy bills are to be capped at £2,500 for the next two years, under plans announced by new prime minister Liz Truss on Thursday.
House prices strengthen despite darkening outlook - RICS
UK house prices continued to rise in August, industry data showed on Thursday, but at a slower pace than analysts had expected.
BoE chief economist says government measures may lead to slightly stronger inflation
What matters about the government's energy bail out for the Bank of England will be its impact on the medium-term outlook for inflation, Huw Pil said.
Eurozone economy grows more than initially estimated in Q2
The eurozone economy grew more than initially estimated in the second quarter, according to data released on Wednesday by Eurostat.
UK cost-of-living crisis has only just begun, says JPMorgan
JPMorgan said on Wednesday that the cost-of-living crisis for British consumers has only just begun.
Putin threatens to halt energy supplies over price cap
Vladimir Putin has warned that Russia could cut off energy supplies if price caps are imposed on oil and gas exports.
EU planning €200/MWh price cap on non-gas generated electricity - report
Brussels is reportedly planning a €200 a megawatt hour limit to the price of electricity generated by non-gas power producers as part of efforts to quell the EU’s energy crisis.
UK house prices push higher - Halifax
UK house prices edged higher in August, industry data showed on Wednesday, reversing July’s decline.
China exports falter as global demand softens
China’s exports slowed markedly in August, official customs data showed on Wednesday, as global demand started to soften.
German industrial production falls a little less than expected
German industrial production fell a little less than expected in July, according to figures released by Destatis on Wednesday.
European energy trading strained by $1.5trn in margin calls
Europe's energy firms are under pressure as so-called margin calls for at least $1. 5trn strain their liquidity, Norwegian oil major Equinor said.
Truss to freeze energy bills - report
Incoming prime minister Liz Truss is planning to fix annual energy bills for households at the current cap, it was reported on Tuesday.
UK retail sales growth slows - BRC
UK retail sales growth slowed in August, industry research showed on Tuesday, as the surging cost of living continued to bite.
German factory orders fall more than expected in July
German factory orders fell more than expected in July, according to data released on Tuesday by Destatis.
Russia halts gas supplies to EU until sanctions are lifted
Russia has said it will not resume gas supplies to Europe via the Nord Stream 1 pipeline in full until the "collective west" lifts sanctions slapped on the country as a result of its invasion of neighbouring Ukraine.
OPEC+ agrees to cut output by 100,000 bpd in October
OPEC and allied oil-producing countries agreed on Monday to cut oil production by 100,000 barrels per day from next month.