Tag: UK

U.K. Economy Closer to Pre-Covid Levels Despite 3Q Downgrade

(Bloomberg) — The U.K. economy has recovered from the pandemic faster than previously thought despite a slower recovery in the three months to September.Most Read from BloombergFDA Expected to Authorize Pfizer and Merck Covid Pills This WeekExtreme Bidding Wars Are Raging in One of World’s Riskiest Housing MarketsIsrael to Offer Fourth Shots; N.Y. Cancels Exams: Virus UpdateOmicron Becomes Dominant U.S. Strain With 73% of Covid CasesModerna’s Third Dose Boosts Antibodies Against OmicronThe Offi
— Read on ca.finance.yahoo.com/news/u-k-economy-closer-pre-071930614.html

UK inflation hits decade high ahead of central bank meeting

LONDON (AP) — Consumer prices in the United Kingdom are rising at their highest rate in over a decade as a result of soaring energy costs and blockages in the supply chain, official figures showed Wednesday, a day before a highly anticipated interest rate decision from the Bank of England. The Office for National Statistics found that inflation rose by 5.1% in the year to November, up dramatically from October’s 4.2% with widespread surging prices across a raft of goods and services, including f
— Read on ca.finance.yahoo.com/news/uk-inflation-hits-decade-high-084618413.html

U.K. Inflation Tops 5%, Fastest in a Decade

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergZero Taxes, Golf and Beach Houses Create a Crypto Island ParadiseCan Indoor Farms Reach Skyscraper Height?China Is Building the World’s Largest National Park SystemBoris Johnson’s Furious MPs Worry That His Next Misstep Could Be FatalU.K. inflation surged to its highest level in more than a decade in November, exceeding 5% months before the Bank of England had ex
— Read on ca.finance.yahoo.com/news/u-k-inflation-tops-5-072823022.html

U.K. Yield Curve Inverts for First Time Since Financial Crisis – Bloomberg

The U.K. yield curve inverted for the first time since the financial crisis in another sign that the global economy may be headed toward a recession.
— Read on www.bloomberg.com/news/articles/2019-08-14/u-k-yield-curve-inverts-for-first-time-since-financial-crisis

UK inflation unexpectedly overshoots BoE target in July – Reuters

Britain’s inflation rate unexpectedly overshot the Bank of England’s 2% target on Wednesday, raising the cost of living even before sterling’s slide has had much chance to feed into consumer prices.
— Read on www.reuters.com/article/us-britain-economy-inflation/uk-inflation-unexpectedly-overshoots-boe-target-in-july-idUSKCN1V40R3