UK Retail Sales Rise Unexpectedly

UK Inflation Falls Below 2% Target

UK inflation fell below the 2 percent target and also hit the lowest in more than three years in September, piling pressure on the Bank of England to ease policy at the November meeting. Consumer price inflation weakened more-than-expected to 1.7 percent in September from 2.2 percent in August, the Office for National Statistics reported Wednesday.

RTTNews | Pred 2 dňami

UK Wage Growth Weakest In More Than 2 Years

UK wage growth softened to the lowest in more than two years in the three months to August, adding support to expectations that the central bank will cut interest rates further at the next meeting. In the three months to August, average earnings excluding bonus increased 4.9 percent from the previous year, slower than the 5.1 percent increase in the three months to July, data from the Office f

RTTNews | Pred 3 dňami

UK Economy Returns To Growth

The UK economy returned to growth in August but the pace of expansion was weaker than in the first half of the year, official data revealed Friday. The real economy grew 0.2 percent in August after showing nil growth in July and June, the Office for National Statistics said. The rate came in line with expectations.

RTTNews | Pred 7 dňami

UK House Prices Rise For First Time In 2 Years: RICS

UK house prices increased for the first time in two years in September as expectations about future interest rate cuts lifted housing market activity, survey data published by Royal Institution of Chartered Surveyors, or RICS, showed Thursday. The house price balance rose to 16 percent in September from a flat result in August. The balance turned positive for the first time since October 2022.

RTTNews | Pred 8 dňami

UK New Car Registrations Rise On Heavy EV Discounting: SMMT

UK new car registrations increased in '74' plate change month of September as heavy EV discounting shores up demand, the Society of Motor Manufacturers and Traders said Friday. New car sales rose 1.0 percent to 275,239 units in September. In what is traditionally a bumper month for new car registrations, second only to March, the performance was the best since 2020.

RTTNews | Pred 14 dňami

UK Construction Activity Growth Fastest Since Early 2022

The UK construction activity posted its fastest expansion in nearly two-and-a-half years in September on robust output and new order growth, survey data from S&P Global revealed Friday. The construction Purchasing Managers' Index registered 57.2 in September, up from 53.6 in August. The reading was forecast to climb moderately to 53.1. The index has remained above the neutral 50.0 threshold.

RTTNews | Pred 14 dňami

Bank Of England Could Cut Rates 'More Aggressively', Says Bailey

The Bank of England could move a "bit more aggressively" on interest rate cuts, Governor Andrew Bailey said in an interview with The Guardian newspaper, published online on Thursday, causing a steep fall in the pound to a near three-week low. The BoE had reduced its benchmark rate by a quarter-point in August, which was the first reduction since March 2020.

RTTNews | Pred 15 dňami

UK Mortgage Approvals At 2-Year High

UK mortgage approvals increased to a two-year high in August as demand improved with easing interest rates, official data revealed on Monday. Mortgage approvals for house purchase rose to 64,900 in August from 62,500 in July, the Bank of England said. This was the highest level since August 2022 and was also above forecast of 64,000.

RTTNews | Pred 18 dňami

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