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

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

Pound Sterling Rally Stalls as Focus Shifts to US Core PCE Inflation Data

The Pound Sterling (GBP) corrects to 1.2750 against the US Dollar (USD) in Wednesday’s London session after posting a fresh 10-week high at 1.2800 on Tuesday. The rally in the GBP/USD pair stalls as the United Kingdom (UK) inflation outlook softens and the US Dollar (USD) comes out of the woods.

FXStreetMay 29 03:03 ET

UK store inflation “rapidly normalized”, but not enough to persuade Bank of England to cut interest rates

Economists from the British Retail Association believe that the inflation rate of goods and food sold in British stores has fallen back to normal levels, but this is not enough to persuade the Bank of England to cut interest rates next month. Brown Brothers strategist Harriman said that the Bank of England is more concerned about high inflation in the service sector.

FX678 FinanceMay 29 02:32 ET