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Tag Archives: UK

UK Equities and Pound Hold Firm Amid Mining Sector Strength 

On Monday, the FTSE 100 edged marginally higher, closing at 8,424.20 (+0.047%), remaining near the record peak set last week. The modest rise was partly due to advances in heavyweight mining shares, which countered declines in rate-sensitive equities. Fresnillo’s stock climbed 4%, topping the mining sector, as it benefited from a continued uptick in silver […]

FTSE 100 Hits New Record as Bank of England Signals Potential Rate Cut 

On the 9th of May, the Bank of England held the main bank rate steady at 5.25%, which hasn’t been this high since 2008 and was anticipated. Yet, two of the committee’s members were in favor of a 0.25 percentage point cut, an increase from the solitary member at the last meeting.   Additionally, while they […]

UK Economy: Glimpses of Optimism Piercing the Murky Outlook 

The FTSE 100 saw a growth of 0.3%, climaxing at a new ten-month record of 7,772 on Wednesday, which makes it the third winning session. Encouraging economic indicators stimulated the market, generating hope that the UK is bouncing back from its economic downturn.  In January 2024, the UK economy showed a moderate increase of 0.2% […]

British Pound Dips as UK Inflation Holds Steady 

On Thursday, Feb. 15th, the UK pound slightly decreased in value, dropping below $1.26 compared to the US dollar following the latest UK CPI data revealed. The figures alleviated concerns about escalating inflation pressure.   For January, the yearly inflation rate in the UK remained consistent at 4%, a bit lower than the anticipated 4.2%. The […]

Steepest FTSE Decline Due to Bleak UK Retail Sales

Bleak Retail Sales Figures Drive Sharpest FTSE Decline in Three Months In the final month of 2023, the United Kingdom witnessed a significant downturn in retail sales, with a staggering 3.2% drop compared to November. This unexpected decline, far exceeding the anticipated 0.5% decrease, marked the most substantial monthly fall since the beginning of the […]

UK Inflation Plunges in November: Surprising Dip

UK Inflation Takes a Dive in November In a noteworthy turn of events, the UK’s inflation rate took a dip to 3.9% in November, as reported by the Office for National Statistics. This marks a substantial decrease from the 4.6% recorded in the previous month. The slowdown is attributed to decelerating price hikes in various […]