UK Spending Growth Slowed in May on Rising Bills, Poor Weather

Shoppers in the UK pared back spending last month as higher household bills and poor weather drove them away from high streets.

BNN BloombergJun 3 19:25 ET

In May, the United Kingdom's manufacturing PMI returned to the expansion range, and factory prices reached their largest increase in a year.

According to a survey released on Monday, the United Kingdom's manufacturing industry resumed growth last month after a long period of slowdown, but rising prices by businesses may make the Bank of England cautious about cutting interest rates.

Zhitong FinanceJun 3 06:54 ET

Sterling May Fall If BOE Eases Rates More Than Forecast -- Market Talk

Sterling could weaken in 2025 if the Bank of England cuts interest rates more than the market currently forecasts, Unicredit Research says.

WSJJun 3 06:42 ET

UK Survey of Executives Finds Confidence at Highest Since 2021

UK businesses entered the general election campaign at their most optimistic in over 2 1/2 years after the economy quickly bounced back from recession, according to the Institute of Directors.

BNN BloombergJun 1 03:28 ET

Bank of England downsizing “pulls” cash demand from liquid banks to record high for six consecutive weeks

The Bank of England has borrowed Bank of England cash for the sixth week in a row.

Zhitong FinanceMay 30 06:46 ET

How Could the UK Election Influence BoE Policy?

Polls show the Labour party is likely to win the July 4 UK general election.

FXStreetMay 30 05:25 ET