Tag: UK economy
Barclays Bank Profit Beats, Prepares for Tariff Impact
So, like, guess what? British bank Barclays totally crushed it in the first quarter, beating expectations on both the top and bottom lines. Pre-tax profit soared to £2.7 billion ($3.6 billion), which is an...
UK Inflation Surges to 3% in January
In a bustling corner of London, Borough Market stands as a testament to the city's rich history and vibrant culture. This iconic retail food market, nestled in Southwark, has been a cornerstone of the...
Bank of England Preview: Dovish Hold and Limited EUR/GBP Downside – Action Forex
The Bank of England (BoE) is expected to maintain the Bank Rate at 5.25% on August 1st, despite market expectations for a 25bp cut to 5.00%. The decision is anticipated to be very close,...
UK Data Analysis: Impact of Labour Win on Pound – Action Forex
The UK economy has shown signs of improvement, with GDP growing by 0.7% in the first quarter of the year. Analysts are now expecting a 0.2% increase in GDP for the month of May,...
GBP Forecast: Bank of England Speakers Return – ING
The first week of Keir Starmer as UK Prime Minister is being closely watched by the markets, according to FX analyst Francesco Pesole from ING. The election day did not bring any significant movements...
GBP/USD Extends Winning Streak After NFP Report
GBP/USD saw a rise above 1.2800 after the release of US NFP figures on Friday. The positive data sparked a risk rally in the market, leading to increased optimism among investors. This surge in...
GBP Reacts to UK Election Result: Analysis by Rabobank
The GBP has remained relatively stable following the UK election results, despite the lack of significant movement. However, the recent decline in the value of the USD has allowed the GBP to emerge as...
Goldman Sachs Analysis: UK Economic Outlook Under Labour Government | Forexlive
The UK election took place on Thursday, July 4, 2024, and the Labour Party emerged victorious in a landslide victory. According to a report by Goldman Sachs, the economic outlook under a Labour government...
BoE August Rate Cut Increases, EUR/GBP Recovery Delayed
Thursday's statement from the Bank of England (BoE) indicates that there may be an interest rate cut coming soon, according to ING's FX Strategist Francesco Pesole. He believes that an August rate cut is...
UK Election Turmoil and Mixed Data Weigh on Pound Sterling
The recent data coming out of the United Kingdom has painted a mixed picture of the economy, leading to some turmoil for the Pound Sterling (GBP). According to Scotiabank’s Chief FX Strategist Shaun Osborne,...
UK Services PMI for June Falls Below Expectations – Forexlive
The UK Services PMI for June fell below expectations, with a reading of 52.9 compared to the prior 51.2. The Manufacturing PMI came in at 51.4, slightly higher than the expected 51.3, while the...
Bank of England August Rate Cut Review: Action Forex Analysis
The Bank of England (BoE) has decided to keep the Bank Rate unchanged at 5.25% as expected. The vote split remained the same as in the May meeting, with 7 members voting for no...
Bank of England to Keep Rates Unchanged and Approach Cautiously
The Bank of England is set to keep its policy rate unchanged for the seventh consecutive meeting on Thursday. Despite the recent increase in disinflationary pressures in the UK and speculation about two interest...