UK Budget Deficit Overshoots Estimate

Bank Of England Pauses Rate Cuts Amid Trade Tensions

The Bank of England paused its monetary easing on Thursday amid intensifying uncertainty over global trade policy and weak economic growth in the U.K. The nine-member Monetary Policy Committee, headed by BoE Governor Andrew Bailey, decided to maintain the Bank Rate at 4.5 percent, which was the lowest level since June 2023. Only Swati Dhingra, an external member of the committee, preferred a qu

RTTNews | 1 day ago

UK Jobless Rate Remains Stable

The UK unemployment rate remained stable and wages continued to log strong growth in the three months to January period, official data revealed on Thursday. The ILO unemployment rate registered 4.4 percent in November to January, unchanged from the preceding period, figures from the Office for National Statistics showed. The rate matched expectations.

RTTNews | 1 day ago

UK Economy Contracts Unexpectedly On Weaker Production

The UK economy logged an unexpected contraction at the start of the year on a sharp fall in production, official data revealed on Friday. Gross domestic product shrank 0.1 percent on a monthly basis in January, following a growth of 0.4 percent in December, the Office for National Statistics reported. GDP was expected to grow 0.1 percent.

RTTNews | 7 days ago

UK Housing Demand Weakest Since 2023, Sales Fall: RICS

Demand for residential property declined to the lowest since 2023 and agreed sales turned negative and house prices logged a subdued growth in February as the stamp duty deadline approaches, the Royal Institution of Chartered Surveyors, or RICS, said on Thursday. Buyer demand weakened in February with the balance falling to -14 percent from -1 percent in January. This was the weakest result since

RTTNews | 8 days ago

UK Halifax House Prices Fall Unexpectedly

UK house prices fell unexpectedly in February as demand started to soften with the stamp duty holiday to end on March 31, mortgage lender Halifax said Friday. House prices registered a monthly fall of 0.1 percent in February, reversing January's 0.6 percent increase. Prices were forecast to grow 0.5 percent.

RTTNews | 14 days ago

UK Construction Logs Sharpest Downturn Since 2020

The UK construction sector registered the sharpest contraction since May 2020 on notable falls in orders and output, survey results from S&P Global showed on Thursday. The construction Purchasing Managers' Index fell unexpectedly to 44.6 in February from 48.1 in January. The reading was seen at 49.5.

RTTNews | 15 days ago

UK Mortgage Lending Strongest Since 2022, Approvals Fall Slightly

Mortgage borrowing of British homebuyers hit the highest since September 2022, while home loan approvals decreased slightly in January ahead of the stamp duty changes in April, figures from the Bank of England showed on Monday. Mortgage lending increased GBP 0.9 billion to GBP 4.2 billion in January, which was the highest since September 2022.

RTTNews | 18 days ago

UK Nationwide House Price Rise More Than Forecast

UK house prices increased more than expected in February as buyers brought forward their transactions ahead of stamp duty change in April, the mortgage lender Nationwide Building Society said on Friday. House price grew at a pace of 0.4 percent on a monthly basis in February after a 0.1 percent gain in the previous month. Moreover, this was the sixth consecutive monthly increase and was faster t

RTTNews | 21 days ago

EURUSD	1.0818	GBPUSD	1.29161	AUDUSD	0.62741
USDJPY	149.222	USDCAD	1.43465	USDCHF	0.88282

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UK Budget Deficit Overshoots Estimate