Pound Sterling Shows Resilience After UK Retail Sales Slump in April

Pound sterling edged higher against the US dollar but fell against other major currencies in early European trade on Friday after retail sales slumped more than expected in April with broad-based weakness across most sectors.

MT NewswiresMay 24 04:13 ET

U.K. Shoppers Spent Less in April as Inflation, Rain Damped Sales -- Update

U.K. shoppers held back on spending last month as consumers on both sides of the Atlantic prove reluctant to spend in stores amid still-high price inflation.

WSJMay 24 02:45 ET

Pound Gets Boost as UK Vote Nixes Holdout Bets on June Rate Cut

The pound’s peer-beating rally received another boost this week as an interest-rate cut by the Bank of England next month became virtually unthinkable to traders.

BNN BloombergMay 24 02:19 ET

U.K. Consumer Confidence Improves as Inflation Cools Further

Confidence among U.K. consumers rose a little in May, with easing inflation and the expectation of falling Bank of England interest rates set to boost Britons' spending power.

MarketWatchMay 23 19:08 ET

Former Bank of England official says early UK elections make interest rate cuts in June less likely

Currently, the possibility of cutting interest rates in June has disappeared, but the market may have underestimated the potential chance of cutting interest rates later this year.

Zhitong FinanceMay 23 08:30 ET

UK Election Kills Chance of June Rate Cut, Ex-BOE Official Says

Former Bank of England policy maker Michael Saunders said the prospects of an interest rate cut in June are dead for now but that markets are probably under-pricing the chances of a reductions later in the year.

BNN BloombergMay 23 07:04 ET