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GBP Forex News
UK Retail Sales Rise; Consumer Sentiment Weakens
UK retail sales grew unexpectedly in March as good weather boosted demand for clothing and garden supplies, but U.S. President Donald Trump's tariff threats and concerns of higher inflation dampened consumer sentiment, data showed Friday. Retail sales grew 0.4 percent on a monthly basis, confounding expectations for a decline of 0.3 percent.
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4 days ago
UK Auto Production Surges On Foreign Demand
UK auto production logged a double-digit growth in March but the expansion was not sufficient to offset the first quarter decline, the Society of Motor Manufacturers and Traders, or SMMT, said Friday. Production of cars and commercial vehicles advanced 17.1 percent year-on-year in March. Production for home market climbed 4.7 percent and that for foreign market surged 23.4 percent.
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4 days ago
UK Manufacturing Orders Improve In April
UK manufacturing orders improved in April but export orders deteriorated sharply as tariff tensions escalate, the Industrial Trends Survey results from the Confederation of British Industry revealed on Thursday.
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5 days ago
UK Inflation Slows To 2.6%
UK consumer price inflation weakened more than expected to a three-month low in March ahead of an increase in energy bills in April, the Office for National Statistics said on Wednesday. Consumer prices registered an annual growth of 2.6 percent, slower than the 2.8 percent increase in February. Prices were forecast to climb 2.7 percent.
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13 days ago
UK Job Market Remains Strong
The UK labor market remained strong in the three months to February, ahead of rise in payroll taxes and new trade tariffs, data from the Office for National Statistics revealed Tuesday. Annual growth in employees' earnings excluding bonuses was 5.9 percent in the December to February period.
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14 days ago
UK GDP Growth Rebounds In February
The UK economy expanded at a solid pace in February with increases in all main sectors but recent trade tariffs announced by the US administration cast shadow over recovery prospects. Real gross domestic product grew 0.5 percent from the previous month following a nil growth in January, data from the Office for National Statistics revealed Friday. GDP was expected to climb 0.1 percent.
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18 days ago
UK Housing Market Conditions Weaken On Challenging Macroeconomic Factors
The UK housing market conditions weakened in March as demand faded following the end of stamp duty holiday amid rising concerns about economic outlook, survey data showed on Thursday. New buyer demand turned negative and hit the lowest since September 2023, the Residential Market Survey from the Royal Institution of Chartered Surveyors showed on Thursday.
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19 days ago
UK House Prices Fall For Second Month
UK house prices dropped for the second straight month in March as stamp duty holiday ended amid weaker economic outlook, mortgage lender Halifax said Monday. House prices slid unexpectedly by 0.5 percent month-on-month, bigger than February's 0.2 percent drop. This was the second consecutive decline. Prices were forecast to climb 0.2 percent.
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22 days ago
UK House Prices Stall In March
UK house prices remained flat as the stamp duty holiday ended at the end of March, data from the Nationwide Building Society showed on Tuesday. House prices showed nil growth in March compared to February. This followed an increase of 0.4 percent in the previous month. On a yearly basis, house price growth remained unchanged at 3.9 percent in March.
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28 days ago
UK Mortgage Approvals Fall Slightly; Consumer Credit Drops
UK mortgage approvals for house purchase decreased slightly in February, as changes in stamp duty from April 1 softened housing market activity, while consumer credit decreased from the last month, official data showed on Monday. Mortgage approvals for house purchases decreased 600 to 65,500 in February, the Bank of England reported. This followed a decrease of 400 in January.
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29 days ago
