UK Economy Expands by 0.7% in Q1 2024, with Services a Highlight
According to the Office for National Statistics , Services sector output rose by 0.8% quarter-on-quarter, up from a preliminary 0.7%. Output acros…
GBP/USD
UK Annual Inflation Rate Falls from 2.3% to 2.0% in May
Moreover, in May, consumer prices rose by 0.3% month-on-month, following a 0.3% increase in April. Economists expected consumer prices to increase b…
Global Economy: Soft Landing Reinforces Prospect of Higher-for-longer Interest Rates
We forecast global growth of 3.2% this year and 3.4% next year, similar to the 3.2% in 2023. Our growth estimates are 0.1-0.2pps above our outlook a…
UK Retail Sales Tumbled by 2.3% in April Due to Bad Weather
Updated: May 24, 2024, 06:14 GMT+00:00 Key Points: UK retail sales tumbled 2.3% in April after declining by 0.2% in March. Retail s…