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Nov 6, 2015

UK manufacturing growth surges to 1 1/2-year high

LONDON (Reuters) – British manufacturing grew in September at the fastest monthly pace since April 2014 and the trade deficit narrowed, according to figures that provided some hope a slowdown in the world’s economy might not drag down Britain’s.

The data were released a day after the Bank of England highlighted risks from abroad as it signalled it was not about to raise interest rates anytime soon.

Nov 6, 2015

UK manufacturing growth surges to 1 1/2-year high, trade deficit narrows

LONDON (Reuters) – British manufacturing grew in September at the fastest monthly pace since April 2014 and the trade deficit narrowed, according to figures that provided some hope a slowdown in the world’s economy might not drag down Britain’s.

The data were released a day after the Bank of England highlighted risks from abroad as it signaled it was not about to raise interest rates anytime soon.

Nov 2, 2015

UK factory PMI surges to 16-month high, exports recover

LONDON, Nov 2 (Reuters) – Growth at British factories surged
unexpectedly to a 16-month high in October, helped by a recovery
in export orders, according to a survey that will temper some of
the concern that the economy is losing steam after two years of
gains.

The Markit/CIPS purchasing managers’ index (PMI), published
on Monday, was a rare bright spot for British manufacturing,
which has lagged the wider economic recovery.

Oct 27, 2015
via MacroScope

Britain’s growth slowdown no “game changer”

Photo

Britain’s economic growth slowed more than expected in the third quarter of this year – buying the Bank of England more time as it mulls its first rate hike in over eight years.

Markets have been pushing back the timing of a possible rate hike into late 2016, early 2017 and a Reuters poll on Monday showed that economists too are delaying their forecasts to the second quarter of next year from the first quarter previously.

Oct 27, 2015

Britain’s economic recovery loses steam

LONDON, Oct 27 (Reuters) – Britain’s economic recovery
slowed more than expected in the three months to September after
a slump in construction, raising the prospect that more than two
years of relatively rapid economic growth is coming to an end.

The economy grew 0.5 percent in the third quarter, official
figures showed on Tuesday – a respectable rate by historic
standards but below the 0.7 percent seen in the second quarter
and economists’ expectations for the third.

Oct 22, 2015

UK retail sales surge in Sept, boosted by Rugby World Cup

LONDON, Oct 22 (Reuters) – British retail sales rose in
September at their fastest monthly pace in almost two years as
shoppers with more cash in their pockets bought beers to toast
the Rugby World Cup, the first held in Britain since 1999.

Retail sales volumes surged last month by 1.9 percent on the
month and were up 6.5 percent from the year before, the biggest
annual rise since November 2014, and may limit a forecast
slowdown in overall economic growth.

Oct 20, 2015

UK sees record demand for new 50-year government bond

LONDON, Oct 20 (Reuters) – Britain’s launch of a new 50-year
government bond drew record demand, the debt agency said on
Tuesday, prompting it to slightly increase its syndication
programme for long-dated debt.

The UK Debt Management Office said it sold 4.75 billion
pounds ($7.34 billion) of the new 2.5 percent bond maturing in
July 2065, via a syndication which drew orders worth 21.9
billion pounds.

Oct 14, 2015

UK jobless rate hits seven-year low, BoE to note cooler pay growth

LONDON (Reuters) – Britain’s jobless rate has fallen to its lowest level in more than seven years but pay growth was a bit slower than expected, suggesting the labor market is not hot enough to speed up a Bank of England interest rate hike.

Britain’s unemployment rate fell to 5.4 percent in the three months to August, down from 5.5 percent in the three months to July, the Office for National Statistics said.

Oct 13, 2015

New Bank of England policymaker Vlieghe in no rush on rates

LONDON, Oct 13 (Reuters) – New Bank of England policymaker
Gertjan Vlieghe established himself as one of the rate-setters
least likely to vote for a interest rate hike soon, urging the
bank to wait and see and warning of risks from a global economic
slowdown.

In his first public comments since joining the central bank
as a rate-setter from a hedge fund in September, Vlieghe said on
Tuesday there was a greater chance that inflation in Britain
would come in below target rather than above it.

Oct 9, 2015

Analysis – Soft UK interest rate take-off could unnerve Britons

LONDON (Reuters) – When British interest rates finally go up for the first time in nearly 10 years, the impact risks unsettling consumers who are driving the economy even if the Bank of England tries to make the take-off as gentle as possible.

Eight years after the start of the financial crisis, many British consumers remain stretched and household debt is high in a country where many are saddled with heavy property mortgages.

    • About Ana

      "Ana Nicolaci da Costa is UK Economics Correspondent, covering monetary and fiscal policy in London. Ana previously worked as Reuters' Economics Correspondent in Brasilia and covered European markets, including the euro zone debt crisis. She began working for Reuters in 2004 in London, after an internship at the Financial Times. Ana has a Master's degree from the University of London and studied political science as an undergraduate at the University of Nottingham and Institut d'Etudes Politiques de Paris."
      Joined Reuters:
      2004
      Languages:
      English, Portuguese, French, German, Spanish
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