The ONS said the economy shrank by 0.1% in August, but grew 0.3% on a three-month basis.
The pound fell by 0.67% against the euro to 1.112 and slid by 0.52% to 1.222 against the dollar during trading on Tuesday.
The FCA said the EU’s ‘patchwork’ approach to no-deal preparations has left the financial sector vulnerable to risks.
The British Retail Consortium (BRC) has found that UK retailers experienced their worst September since their records began twenty five years ago.
House sales in the London boroughs of Brent, Kensington and Chelsea and Westminster are down by around 40%, Yorkshire Building Society said.
Sterling (GBP) slipped below $1.23 against the dollar after a Bank of England (BoE) policymaker said the next move for the central bank could be a rate cut
Britain ran a smaller than expected budget deficit last month but borrowing in the financial year to date rose by more than a quarter
Those affected may be homeless, unable to afford to move out of unsuitable properties or have ill health, the National Housing Federation said.
UK-listed stocks fell this morning as investors wait for the Supreme Court to rule on a key Brexit-related issue. These share-price losses were mirrored across Europe, with the pound actually rise against the euro.
Brexit related markets
|GBP/USD British Pound / US Dollar||-||Sell||-||Buy|
|UK100 UK 100||-||Sell||-||Buy|
|EUR/GBP Euro / British Pound||-||Sell||-||Buy|
|LLOY Lloyds Banking Group PLC||-||Sell||-||Buy|
|GBP/CHF British Pound / Swiss Franc||-||Sell||-||Buy|
|BARC Barclays PLC||-||Sell||-||Buy|
|RBSl Royal Bank of Scotland Group PLC||-||Sell||-||Buy|
The retailer reported a 2.7% rise in pre-tax profits to £319.6 million for the six months to July.
The Bank of England (BOE) has argued that Britain’s economy is underperforming in part due to Brexit uncertainty and will continue to do so if an October deal is not reached, Reuters reports.
Figures from the Office for National Statistics (ONS) show the Consumer Prices Index (CPI) was 1.7% last month, compared with 2.1% in July.
Households bought 0.9% fewer items than the same quarter last year, suggesting ‘talk about stockpiling might be just that’, analysts Kantar said.
The London-listed firm saw shares lift higher in early trading on Friday after it said forward sales remained above £1.8 billion.
This morning the pound (GBP) reached its lowest level since the 1980s, as Brexit turmoil continues.
The U.S.-China trade war and Brexit continue to significantly affect global economic confidence.
The pound fell on foreign exchanges this morning at the opening of a week that could see Britain’s fractious Brexit debate mutate into a full-blown constitutional crisis. London stock prices bucked the trend and rose, but given equity markets across Europe were generally higher, this may not have been significant.
London shares were higher this morning but sterling lost ground as the fight to replace Theresa May as leader of the governing Conservative Party shifted up a gear.
Stock markets have brushed off the disastrous result for the ruling Conservative Party in European Parliamentary elections, but sterling was lower across the board. Attention now shifts to the question of who will succeed Prime Minister Theresa May by winning the leadership contest.
The pound and share prices were resilient this morning despite continuing deadlock over the shape of Britain’s withdrawal from the European Union. Generally cheery markets in the City contrasted with gloom in the political capital, Westminster.
The pound strengthened on foreign exchanges this morning as the government and the opposition Labour Party prepared for Brexit discussions to continue over Easter. Cabinet Office minister David Lidington has said both sides will “take stock” ten days from now.
The Brexit picture has been further clouded by a split in the opposition Labour Party and a looming vote on whatever deal the government can bring back from Brussels. But the pound is generally stronger against major currencies and the blue-chip FTSE 100 Index is higher than it was a month ago.
London stock markets were higher today as Prime Minister Theresa May flew to Northern Ireland to say she can get an agreement to a deal that suits the province. But sterling was lower after a disappointing survey of the services industry.
As Parliament debates amendments to the government’s European Union withdrawal legislation, the pound and domestic shares held their own on financial markets. But that could quickly change if legislative deadlock turns into a constitutional crisis.
With 15 January 2019 confirmed as the date for a Parliamentary vote on the government’s Brexit deal, the FTSE 100 index was higher this morning and sterling gained ground against the euro. But fears remain that rejection of Prime Minister Theresa May’s proposals could trigger a constitutional crisis.
Sir Graham Brady, the chair of the 1922 committee, confirmed on Wednesday morning that he has received at least 48 letters from Conservative MPs calling for a vote of no confidence.
Sterling bounced off its lows yesterday as Theresa May mounted a rescue operation after pulling a vote in Parliament on her Brexit deal. The prime minister is meeting European leaders and officials seeking “clarifications” that may satisfy her critics.
Ministers are touring the UK to bolster support for the government’s Brexit deal ahead of a key vote on Tuesday. Sterling was lower this morning, while London stock markets mirrored buoyant trading on continental exchanges.
Government defeats in Parliament over its Brexit legislation were followed by lower share prices in London. But worse may be to come in the event of a full-scale constitutional crisis.
The pound was up 0.5% versus the US dollar to 1.280 US dollars.
London’s blue-chip share index was higher this morning despite deepening uncertainty about the Brexit process. But sterling was down, as were domestic UK stocks, suggesting the drawn-out UK departure is taking its toll on financial markets.
The FTSE 100 closed 1.2% higher
Traders who thrive on stress and anxiety are in for a treat during the next 12 months as Britain’s tortuous departure from the European Union promises endless market turbulence. No-one can see the future, but there are some principles that ought to help traders navigate the choppy waters ahead.
The OECD said a no-deal Brexit scenario could wipe off more than 2% from UK growth over two years.
The pound and London share prices were sanguine this morning ahead of a key Brexit Cabinet meeting tomorrow. But a UK-EU deal is far from certain with major issues unresolved.