News And Announcements
US pending home sales rise for third month in a row - NAR
US pending home sales unexpectedly rose in February, growing for the third month in a row, according to data released on Wednesday by the National Association of Realtors.
UK banking sector 'resilient', says BoE
The Bank of England said on Wednesday that UK banks are "resilient and strong enough to support households and businesses", but also that there is an "urgent need" to increase resilience in market-based finance.
Mortgage approvals rise for first time since August - BoE
Mortgage approvals rose in February for the first time since last summer, official data showed on Wednesday, as the UK housing market started to shake off last autumn’s mini budget.
US consumer confidence improves a touch in March
US consumer confidence unexpectedly improved a touch in March, according to data released on Tuesday.
US house price growth eases in January
US house price growth eased in January, according to the latest S&P/Case-Shiller national home price index.
UK banks in good health despite turmoil - BoE governor
Bank of England governor Andrew Bailey has insisted that the UK banking sector remains in good health, despite being in a period of "heightened tension".
Royal Mail threatens to put postal service into administration
Royal Mail issued a threat to put its loss-making postal service into administration, it emerged on Tuesday, amid escalating talks with union chiefs.
Food inflation soars to record 17.5% - Kantar
Grocery inflation has rocketed to 17. 5%, industry research showed on Tuesday, adding more than £800 a year to average household food bills.
Food inflation soars to fresh high - BRC
Food prices continued to soar in March, industry research showed on Tuesday, pushing shop price inflation higher.
UK retailers more optimistic - CBI
Retail sales held steady in March, a closely-watched survey showed on Monday, boosting confidence across the sector.
German business sentiment improves again in March - Ifo
German business sentiment unexpectedly improved again in March, according to a survey released on Monday by the Ifo Institute.
BoE governor warns firms not to hike prices
The governor of the Bank of England has warned companies not to embed inflation by putting up prices.
Eurozone economic growth gathers pace in March
Economic growth in the eurozone continued to gather pace in March, according to a survey released on Friday, underpinned by the service sector as manufacturing stagnated.
UK private sector output grows as confidence improves
UK private sector output continued to grow in March, a closely watched survey showed on Friday, boosted by the service economy.
Retail sales surge in February
Retail sales jumped by more than expected in February, official data showed on Friday.
Consumer confidence ticks up but outlook remains unsettled
Consumer confidence nudged higher in March, a closely-watched survey showed on Friday, despite ongoing cost of living pressures.
BoE hikes by 25bp, says inflation likely to fall sharply over rest of 2023
The Bank of England went ahead and raised rates as expected, saying that global growth was expected to be stronger than anticipated in the February Monetary Policy Report.
Swiss National Bank hikes rates by 50 basis points
The Swiss National Bank hiked its key policy rate on Thursday for the fourth meeting in a row, by 50 basis points to 1. 50%, in line with consensus expectations.
Producer price rises slow as demand softens - CBI
UK manufacturers saw both output and orders ease in the three months to March, a survey published on Wednesday showed.
House price growth slows sharply - ONS
UK house price growth slowed sharply in January, official data showed on Wednesday.