Pound Sterling recovers even recession risks remains elevated
The Pound Sterling (GBP) strives for a meaningful recovery after an intense sell-off, which was propelled by deepening recession risks. The recovery a
Source: fxstreet.com
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UK manufacturing declines as interest rates, inflation hit
The declines were among the steepest outside the global financial crisis and Covid-19 pandemic
Source: heraldscotland.com
British factories suffer weakest month since May 2020 as orders shrink
Output and new orders have contracted at rates rarely seen outside of crisis periods such as COVID and the 2007-2008 global financial crash - with an "unpalatable cocktail" of rising interest rates and inflation.
Source: sky.com
London midday: Stocks extend gains ahead of payrolls report
London stocks had extended gains by midday on Friday ahead of the latest non-farm payrolls release, as investors mulled better-than-expected Chinese manufacturing data, but uninspiring UK manufacturing and house price figures.
Source: sharecast.com
UK factory orders tumble in the face of higher rates – PMI
LONDON (Reuters) - British factories in August suffered their weakest month since early in the COVID-19 crisis, with orders shrinking dramatically due...
Source: wkzo.com