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

Mid Week Markets Bullet Report - Brexit In Focus | MTB Market Analysis

<i>The day has finally come where the UK government will begin the two-year process to Brexit the EU. British Prime Minister Theresa May signed the</i> …

FTSE 100 Strength Set to Remain as GBPUSD is Near Resistance

Despite a rising GBPUSD the FTSE 100 was very strong last week when profit takers moved in. If the current decline is a short term move lasting less …

Pound bounces after UK inflation rises to 2.3pc, but FTSE 100 reverses recent gains

After a recent run of record closes, the FTSE 100 had a more subdued day on Tuesday as a strengthening pound hit the overseas activities of many of its constituents.<p>The index closed the day down 0.69pc at 7,378.34 as dollar-earning mining companies dragged it lower. Glencore, Rio Tinto and BHP …

Economy

Central Banks Rundown: Monetary Policy Continues to Drive Markets | MTB Market Analysis

Monetary policy has been a key driver of the global financial markets since the 2008 U.S. subprime mortgage crisis, which quickly devolved into the …

Pound tumbles as investors react to prospect of second Scottish referendum

The pound was hovering near eight-week lows on Tuesday as investors started to fret over the prospect of a second Scottish referendum and the pending …

Pound hits eight-week low on Brexit concerns

The pound is taking a tumble this morning after politicians on Monday night paved the way for Article 50 to be triggered this month, leading analysts …

Bank of England deputy's slip-up was astonishing – but its reaction was predictable

Charlotte Hogg will survive her failure to declare a conflict of interest, but the Bank has revealed it remains a cosy club<p>Charlotte Hogg, a week ago, could not have been clearer. “I am in compliance with all of our codes of conduct. I know that. I helped to write them,” declared the Bank of …

U.K. Economy Proves Resilient as Brexit Looms | MTB Market Analysis

The British economy has proven surprisingly robust since the June 23 Brexit vote, with recent data showing a bigger than expected pick up in the …

MacroEconomics Archives | MTB Market Analysis

Markets are in full swing after the Easter Holidays as political events continue to weigh. Yesterday, the GBP jumped broadly<p>Volatility in the Markets …

UK shoppers seek bargains, employers hunt staff as Brexit bites: surveys

LONDON (Reuters) - British shoppers are increasingly seeking bargains to offset rising inflation and employers are finding it harder to recruit migrant workers, according to surveys published on Tuesday which reflected the impact of last year’s Brexit vote.<p>Total retail sales showed their strongest …

Brexit

FX Focus: Pound hits seven-week low against dollar as UK economy slows down

Services PMI falls to five-month low as rising inflation puts brake on sector's growth.<p>The pound was poised to end the week on a losing note after …

March 2017 Market Outlook - Important Economic Events | MTB Market Analysis

Although Donald Trump’s victory in the US Presidential elections resulted in an immediate upturn in business sentiment in the country, the highly …

UK consumer confidence declines in February, GfK survey reveals

A separate survey by YouGov and Cebr also reveals a similar trend.<p>Consumer Confidence in the UK has declined month-on-month in February, according to …

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

LONDON (Reuters) - 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 …

Economics

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 (Reuters) - 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 …

Pollution

'UK growth to slow due to impact of 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 …

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 …

Brexit

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> …

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

LONDON (Reuters) - 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 …

Brexit

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

4:55PM<p>Market report: 'Unloved' Rolls-Royce enjoys boost from second 'buy' rating<p>Shares in engineering giant <b>Rolls-Royce</b> enjoyed a boost after UBS became the second broker to issue the “unloved stock” with a “buy” rating.<p>The Swiss investment bank hiked its rating to “buy” from “neutral” and lifted …

Economy

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 ends lower and euro hits one-week low as Draghi says eurozone economy still needs ECB support

5:49PM<p>Market report: Bullish broker note lifts UK banks<p>HSBC injected some positivity into UK banks after it said the sector is “adequately capitalised”.<p>In a bullish broker note, HSBC, upgraded <b>Lloyds</b> rating to “buy” and lifted <b>Barclays</b> and <b>Royal Bank of Scotland’s</b> target prices. Analysing the sector’s …

Economy

Bank of England Is Right to Ignore Inflation

With wages still stagnant, higher borrowing costs are the last thing British consumers need.<p>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 …

Economics

FTSE 100 Rebound Is Expected But Bearish Forecast in February | MTB Market 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 …

Record rise in import costs dents growth in UK manufacturing

Sector posts sixth month of expanding output despite record rise 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 …

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, -1.00% shed 0.3% to finish at 7,099.15.<p>Blue chips on Tuesday moved lower as the pound GBPUSD, +0.5357% rose to $1.2581, up …

Texas energy sector gets 'moment we’ve been waiting for' after two tough years

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