Economic News
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UK consumer confidence holds steady, but personal finance expectations
Friday 23 Aug 2024
(Sharecast News) - Consumer confidence in the UK remained stable in August, according to a closely watched GfK survey, as improving sentiment towards personal finances was offset by the first fall in ... Read More
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Boston Fed president Collins signals her support for rate cuts
Thursday 22 Aug 2024
(Sharecast News) - Boston Federal Reserve president Susan Collins suggested on Thursday that it would soon be appropriate for the Fed to initiate a cycle of interest rate cuts, indicating her likely s... Read More
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UK private sector activity hits four-month high
Thursday 22 Aug 2024
(Sharecast News) - Activity in the UK's private sector hit a four-month high in August, according to a survey released on Thursday. Read More
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FCA tells insurers to better ensure they deliver consumer value
Wednesday 21 Aug 2024
(Sharecast News) - The Financial Conduct Authority (FCA) issued a warning to insurers and brokers on Wednesday, urging them to ensure that their products provided fair value and good outcomes for cust... Read More
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CMA cans Apple, Google app market probes ahead of new regulation
Wednesday 21 Aug 2024
(Sharecast News) - The Competition and Markets Authority (CMA) has closed its investigations into Google's Play Store and Apple's App Store, it announced on Wednesday, shifting its focus to the forthc... Read More
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China launches probe into EU dairy subsidies
Wednesday 21 Aug 2024
(Sharecast News) - China launched an anti-subsidy investigation into dairy products imported from the European Union on Wednesday, intensifying trade tensions between Beijing and Brussels. Read More
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UK borrowing higher than expected in July
Wednesday 21 Aug 2024
(Sharecast News) - Government borrowing was higher than expected in July, according to figures released on Wednesday by the Office for National Statistics. Read More
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Gold prices hit fresh highs amid US rate cut expectations
Tuesday 20 Aug 2024
(Sharecast News) - Gold prices hit a new all-time high on Tuesday amid growing expectations of US rate cuts in September and after the People's Bank of China issued new import quotas. Read More
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Sweden's Riksbank cuts rates by 25 basis points
Tuesday 20 Aug 2024
(Sharecast News) - Sweden's Riksbank cut its benchmark rate by 25 basis points on Tuesday to 3.5%, as widely expected. Read More
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New buyer numbers surge after Bank Rate cut, says Rightmove
Monday 19 Aug 2024
(Sharecast News) - This month's interest rate cut has provided a much-needed catalyst to the UK housing market, with the number of buyers rising by nearly a fifth, according to Rightmove. Read More
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BoE appoints Alan Taylor as new rate setter
Friday 16 Aug 2024
(Sharecast News) - The Bank of England announced on Friday that it has appointed Professor Alan Taylor as member of the Monetary Policy Committee, replacing Jonathan Haskel. Read More
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CMA identifies 'significant' concerns over infant formula market
Friday 16 Aug 2024
(Sharecast News) - The Competition and Markets Authority said on Friday that it will press ahead with its study of the infant formula and follow-on market after finding earlier this year that prices r... Read More
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Retail sales bounce back in July, boosted by Euros and discounts
Friday 16 Aug 2024
(Sharecast News) - Retail sales bounced back in July, albeit a touch less than expected, according to figures released on Friday by the Office for National Statistics. Read More
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UK economy grows 0.6% in second quarter
Thursday 15 Aug 2024
(Sharecast News) - The UK economy grew 0.6% in the second quarter, down slightly on 0.7% growth in the first quarter but in line with expectations, according to data released on Thursday by the Office... Read More
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UK economy grows 0.6% in second quarter
Thursday 15 Aug 2024
(Sharecast News) - The UK economy grew 0.6% in the second quarter, down slightly on 0.7% growth in the first quarter but in line with expectations, according to data released on Thursday by the Office... Read More
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UK house prices rise 2.7pc in June
Wednesday 14 Aug 2024
(Sharecast News) - UK house prices jumped 2.7% in June, according to the Office for National Statistics, unchanged from the prior month's revised estimate. Read More
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Inflation rises for first time since December
Wednesday 14 Aug 2024
(Sharecast News) - Consumer price inflation rose in July for the first time since December, albeit less than expected. Read More
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Grocery price inflation rises for first time since March 2023
Tuesday 13 Aug 2024
(Sharecast News) - Grocery price inflation in the UK has risen for the first time since March last year, according to fresh data from Kantar on Tuesday. Read More
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German business sentiment deteriorates sharply in August - ZEW
Tuesday 13 Aug 2024
(Sharecast News) - German business sentiment deteriorated sharply in August, according to a survey released on Tuesday. Read More
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Scotland-Yorkshire power link completes fast-track funding process
Tuesday 13 Aug 2024
(Sharecast News) - The Eastern Green Link 2 (EGL2), a major electricity transmission project connecting Scotland and Yorkshire, has become the first to complete Ofgem's fast-tracked funding process un... Read More
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