The Bank of England's monetary policy committee voted 7-2 to keep interest rates unchanged in a closely watched decision with the UK on the brink of leaving the European Union.
The EU’s chief Brexit negotiator Michel Barnier said late on Monday the bloc would “never, never, never” compromise the integrity of the single market in the upcoming trade negotiations with the UK.
Perhaps the world's most influential debt ratings agency raised the outlook on Rolls Royce's long-term debt, forecasting a significant improvement in the engine maker's profits and cash flows over the next two years.
Sterling was trading on the back foot at the end of the week amid a risk-off environment as investors took stock of the new China coronavirus and the impact that it might have on that economy, and positioned themselves ahead of the central bank meetings in the UK and US that were scheduled for over the week ahead.
Central banks will be front and centre on investors' minds over the coming week, with the Bank of England possibly set to cut interest rates and the US Federal Reserve having the power to stop the current sharp gains in the stockmarket in its tracks, according to analysts.
Economists at Bank of America changed their call for the Bank of England's next rate-setting meeting on 30 January, telling clients to expect a cut following the latest surveys on conditions within the UK's manufacturing and services sectors.
UK business leaders urged the government to clarify its negotiating aims for the next stage of Brexit talks so they can prepare for a new relationship with the European Union.
Officials from the European Union warned businesses to “prepare for the worst” after UK Chancellor Sajid Javid's announced that the UK would diverge from EU rules after Brexit.
Brussels's Brexit spokesman said on Friday that the UK had ruled out the option of automatically deporting citizens from the European Union that did not apply for settled status after Brexit.
Prices in the UK housing market gathered pace in the build-up to the general election, with those in the capital ticking upwards for the first time after nearly two years of weak growth.
Low-income households have seen a sharp rise in their debt since the financial crisis and could be too exposed to financial shocks, warned the Resolution Foundation in a new report on Wednesday.
The prime minister Boris Johnson has formally rejected calls by the Scottish National Party for a second independence referendum.
Carmakers warned that they might stop sell polluting vehicles in the UK due to the hefty fines national targets to drastically cut CO2 emissions in the near future.
The latest government data showed that Britain's economy shrank unexpectedly in November, sending the pound lower, but some economists were more upbeat, pointing to upwards revisions to past data to back up their assessment.
Chief European Union negotiator for Brexit Michel Barnier said on Thursday that it was highly unlikely that a comprehensive agreement on post-Brexit trade with the UK will be achieved in the next 11 months.
UK Prime Minister Boris Johnson was set to receive the President of the European Commission on Wednesday in London to begin negotiations for a post Brexit trade deal with the European Union.
Analysts at Jefferies reiterated their 'buy' recommendation and 310. 0p target price for shares of Tesco in anticipation of an upbeat third quarter trading update and for over Christmas from the grocer, the possibility of quick progress on disposing of its Asian assets and a greater willingness on the part of investors to engage with UK assets thanks to a "better-managed" Brexit process in 2020.
Activity levels in the single currency bloc's manufacturing sector hit seven year-lows at the tail-end of 2019, with output falling at its fastest pace since 2012, although the slowdown was not quite as bad as initially feared, revised data showed.