News And Announcements
Better-than-expected GDP headlines tsunami of China data
Better-than-expected economic growth was the headline of a large data dump out of China on Monday, after a series of economic releases were delayed until after Beijing’s National Congress.
UK retail footfall drops 2.3% amid 'consumer nervousness'
Retail footfall dropped 2. 3% in the week ended 23 October due to "consumer nervousness" as the ongoing cost of living crisis squeezes household incomes amid recent political turbulence at home.
UK economic downturn deepens in October
The UK economic downturn deepened in October, according to a survey released on Monday, with business activity down to its lowest level since January 2021.
Eurozone business activity contracts again in October
Eurozone business activity contracted again in October, at the fastest pace in two years, according to a preliminary survey released on Monday.
Retail sales slide in September as government borrowing mounts
Retail sales tumbled in September, official data showed on Friday, weighed down by soaring prices, the cost-of-living crisis and the state funeral of Queen Elizabeth II.
UK consumer confidence creeps higher
UK consumer confidence edged higher in October, a closely-watched survey showed on Friday, although it remains at historic lows.
Philly Fed index ticks up but remains negative
Manufacturing production in the Philadelphia region deteriorated more than expected in October, according to a survey released on Thursday.
BoE's Broadbent questions financial markets' expectations for rate hikes
A top Bank of England official called into doubt financial markets' expectations for interest rate hikes.
Truss vows to keep triple-lock on state pension increases
Beleaguered UK Prime Minister Liz Truss on Wednesday pledged to keep the so-called “triple lock” guarantee on state pension increases, as she tried to re-establish her authority days after being publicly humiliated by the destruction of here signature economic growth plan.
Hunt mulling windfall tax for banks - report
New chancellor Jeremy Hunt is considering upping the amount of tax paid by banks as he looks to plug funding gaps, it was reported on Wednesday.
UK house price growth eases in September - ONS
UK house price growth eased in the year to September, according to figures released on Wednesday by the Office for National Statistics.
UK inflation hits 40-year high of 10.1%
Soaring food prices helped push up inflation in September, official data showed on Wednesday, to a record 10. 1%.
Reports of delay to bond sale 'inaccurate' - BoE
The Bank of England appeared to deny reports on Tuesday that it wanted to delay selling billions of pounds of government bonds.
Germany economic sentiment worsens - ZEW
German economic sentiment worsened significantly in October, a closely-watched survey showed on Tuesday.
UK's Hunt to make emergency fiscal statement as Truss hangs by a thread
Newly-installed UK Finance Minister Jeremy Hunt will deliver parts of his fiscal plan later today, two weeks ahead of schedule, Treasury officials said on Monday.
NY manufacturing activity contracts again in October
Manufacturing activity in the New York area contracted in October for the third month in a row, according to a survey released on Monday.
Fund faced collapse if yields had ticked higher - report
A fund faced collapse if gilt yields had risen significantly as trading got underway this week, it was reported on Monday.
Energy firms rally as Hunt scales back support package
Energy firms rallied on Monday as chancellor Jeremy Hunt announced in his emergency statement that energy support in the form of a freeze on bills will be reviewed in April.
PBoC rolls over medium-term facility, leaves rate unchanged
China’s central bank sated market expectations on interest rates on Monday, standing pat on the medium-term lending facility at 2. 75%.
Retail footfall ticks up but consumers increasingly cautious - Springboard
Footfall across UK retail destinations ticked higher last week but consumers are increasingly cautious, according to retail experts Springboard.