UK Economy

By My Trading Buddy | News ^ Stories affecting the Uk Economy and those investing or trading in linked Assets, whether Stocks, Bonds, ETFs or Forex

Stronger growth to help UK beat 2016/17 budget target - EY ITEM Club

Chancellor Philip Hammond is likely to hit his 2016/17 deficit reduction target with 3 billion pounds to spare, due to recent better-than-expected growth, economists working for accountants EY said on Monday.<p>Hammond will present his first annual budget on March 8 and aims to reduce the budget …

European Union

Check your fivers! Last remaining Jane Austen £5 note worth £50,000 'could be anywhere in the world'

An artist who helped mastermind a Willy Wonka-style treasure hunt for four bank notes, worth an estimated £50,000, admits the only still-hidden fiver could be anywhere in the world.<p>Micro-engraver Graham Short etched Jane Austen's face into the transparent part of the new plastic Bank of England £5 …

Jane Austen

London to introduce vehicle pollution tax from October

London will introduce a charge on the oldest and most polluting vehicles from October in a new effort to improve air quality, Mayor Sadiq Khan said on Friday.<p>Called the T-charge, the 10-pound daily tax will apply to diesel and petrol vehicles typically registered before 2006 which do not meet the …

21st Century

'UK growth to slow due to Brexit'

Following the publication of the Commission's Economic Forecast, economic commissioner Pierre Moscovici told a Brussels press conference that "the …

UK economy to slow down, says European Commission

<b>The UK economy will slow down sharply over the next couple of years says the European Commission.</b><p>Its latest forecast says the UK economy will grow by just 1.5% this year and by 1.2% in 2018, compared to 2% last year.<p>The Commission says the slowdown is prompted by uncertainty following last June's …

UK Economy

Holidaymakers book early for summer to beat falling value of pound

Sterling plunged following the Brexit vote, there are more fears with the triggering of article 50<p>Holidaymakers are paying for their summer breaks early in a bid to avoid plunges in the value of sterling which are feared once Britain initiates the process to leave the European Union.<p>It is estimated …

Budgeting

Spending Restraint is Unleashing the British Economy

When I debate one of my leftist friends about deficits, it’s often a strange experience because none of us actually care that much about red</b> …

Economics

Sterling to slip again once EU divorce talks start - Reuters poll

| LONDON<p>Sterling's relative upswing over the past few weeks will come to an end when Britain formally begins divorce negotiations with the European Union, and if the talks turn fractious its fall could be steep, a Reuters poll showed on Tuesday<p>Since the surprise outcome in a June referendum, when …

European Union

FTSE 100 bounces back after Trump-inspired sell-off and pound rises as investors eye UK manufacturing data

• <b>HK stocks ease after long holiday, Trump policies pressure</b>• <b><br>European bourses bounce back at opening bell</b>• <b><br>Pound rises back towards $1.26 against US dollar</b>• <b><br>Dollar pulls back from 7-week lows on bargain hunting</b>• <b><br>Investors eye UK manufacturing data</b><p>8:33AM<p>Agenda: Investors eye UK manufacturing data<p>Good morning …

Manufacturing

Britain risks regressing three decades if it the tax burdens keeps rising

The three decades since 1986 have delivered much to be grateful for, as the fruits of capitalism have lifted ever greater numbers out of poverty, both at home and around the world. How depressing, then, that yesterday the Institute for Fiscal Studies delivered news that the British state has …

Economics

FTSE 100 struggles for direction and pound tumbles as Schaeuble says euro is 'too low' for Germany

• <b>Dollar subdued after Friday's US wage growth disappoints</b>• <b><br>Pound slides below $1.25 against the US dollar</b>• <b><br>Hong Kong stocks snap four-day losing streak</b>• <b><br>Subdued start for European bourses as earnings in focus</b>• <b><br>Investors eye eurozone investor confidence data</b>• <b><br>Schaeuble blames ECB for euro that is 'too low' for</b> …

FTSE 100

Bank of England Is Right to Ignore Inflation

The U.K. economy is in a holding pattern after the June referendum decision to quit the European Union. Growth hasn't collapsed, consumers are still spending, and the Bank of England kept its monetary policy unchanged on Thursday.<p>And while Governor Mark Carney says future moves could be in "either …

Bank of England

FTSE 100 Rebound Is Expected But Bearish Forecast in February - Markets Analysis

When the FTSE 100 rallied in January I could sense that 80% or 90% of traders were short. The rally was not a normal rally and this is why it caught …

FTSE 100

Rise in import costs dents strong January for UK manufacturing

Sector posts sixth month of expanding output despite record hike in costs, which are expected to increase further over 2017<p>A record rise in the cost of imports in January has taken the shine off a strong performance by the manufacturing sector, which has rebounded since the Brexit vote to record …

Budgeting

FTSE 100 ends in the red, notches drop for January

U.K. stocks closed lower Tuesday, locking in a monthly loss, weighed down in part by a jump in the British pound, though gains by miners helped limit the drop.<p>The FTSE 100 UKX, +0.13% shed 0.3% to finish at 7,099.15.<p>Blue chips on Tuesday moved lower as the pound GBPUSD, -0.1284% rose to $1.2581, up …

Commodities

After two tough years, Texas energy sector gets: ‘The moment we’ve been waiting for’ | Energy

This week, President Donald Trump signed executive orders to revive two controversial oil pipelines. While the moves may help oil and gas producers …

Oil

UK business, consumer morale hold up at start of 2017: CBI, Deloitte

Growth in Britain's private sector and confidence among consumers remained solid at the turn of the year, according to surveys published on Monday, although both indicators warned about rising inflation in coming months.<p>A CBI survey showed growth eased in the three months to January, with the …

European Union

Consumer confidence remains high as households keep spending

British households started the year in an upbeat mood as the robust jobs outlook and a recovery in business optimism gave consumers the confidence to spend.<p>Five of Deloitte’s six measures of consumer optimism rose in its latest quarterly survey, even as its overall confidence barometer edged down …

Brexit

Pound steadies above $1.26 and FTSE 100 rises ahead of UK GDP data

8:34AM<p>RBS to set aside £3.1bn for US settlement over toxic mortgage securities<p>Shares in RBS have jumped 1.5pc after it announced that it has taken a £3.1bn provision as it prepares to settle claims in the US that it mis-sold toxic mortgage backed securities in the run up to the 2008 financial …

United Kingdom

U.K. Brexit Boom Still Sees Economy Plagued by Old Problems - Bloomberg

The U.K. economy is maintaining its stellar performance since the Brexit vote, but the reasons may be cause for concern.<p>Growth beat expectations …

Bank of England

Brexit economy: weak pound stokes inflation as jobs market cools

The latest monthly Guardian analysis finds a spending slowdown and article 50 jitters pointing to a challenging year<p>• Help fund our journalism by becoming a Guardian supporter<p>The pressure on the pound from Britain’s vote to leave the EU is stoking inflation, denting household finances and putting a …

Bank of England

FTSE 100 jumps above 7,200 as markets reignite Trump-infrastructure rally

• <b>European bourses open higher on Trump optimism</b>• <b><br>Pound edges above $1.25 against dollar</b>• <b><br>Dollar drifts lower as rebound stalls</b>• <b><br>BT shares fall below £3 a day after shock profit warning</b>• <b><br>Shares in CRH rally on Trump's infrastructure plans</b><p>8:45AM<p>Agenda: Trump infrastructure rally returns<p>Good morning and …

Finance

Optimism in financial services sector slumps to 2008 low on Brexit fears

Optimism about the trading environment for the UK’s financial sector slipped for a fourth straight quarter in the three months to December, the …

FinTech

FTSE investors win record dividends as sterling plummets

London-listed companies paid a record-breaking £16.6bn to their investors during the final three months of 2016, as the plummeting pound gilded an otherwise downbeat year for dividends.<p>The quarter’s payments were up 11.7pc on last year and the most lucrative end to a year on record for shareholders …

Finance

Pound eyes $1.25 as traders bet British government to lose Brexit case

| LONDON<p>Britain's pound surged to its highest in five weeks on Monday as investors priced in a defeat for the government in its appeal against a ruling that forces it to consult parliament before formally triggering EU exit talks in March.<p>British Prime Minister Theresa May will learn at 0930 GMT on …

Brexit

Do FTSE 100 record highs mean Britain's economy is booming?

The FTSE 100 has gone on a tear of late, causing jubilation among investors and pension savers with money in shares and funds.<p>London's top stock …

Is the FTSE heading for the crash of 2017?

The market is on a record rising run, it can’t go on for ever<p>Almost exactly a year ago, economists at Royal Bank of Scotland advised clients to sell everything ahead of a stock market crash. They forecast a “cataclysmic” year with a 20% slump in shares and oil plunging to $16 a barrel. “Sell …

Despite Warnings, Post-Brexit Britain is Fine (EEA, EWU)

Before voters in the United Kingdom decided to leave the European Union, several experts warned that the wrong vote would be a disaster.<p>Britain's …

Pound rally grinds to a halt and FTSE 100 rises as investors eye UK jobs report

• <b>European bourses open higher</b>• <b><br>FTSE 100 rises after suffering worst day since Brexit vote</b>• <b><br>Pound rally grinds to a halt ahead of UK unemployment data</b>• <b><br>Investors eye UK employment figures</b>• <b><br>Pearson suffers worst day ever after it issues another profit warning</b><p>8:29AM<p>Agenda: Investors eye UK unemployment …