Breaking Data

New methodology suggests UK rate of unemployment lower than previously thought

Downward revisions to the rate of unemployment could cause the BoE to delay cutting interest rates

UK financial data points to the possibility of economic activity picking up over the course of 2024

Increased mortgage approvals and recovering savings balances paint the possibility of an improving economic outlook for 2024

US economy ends 2023 on a strong growth footing

The US economy showed robust growth in 2023 despite the monetary tightening delivered by the Fed. But going fowrad the pace of expansion is expected to slow

US PMI numbers point to robust growth and receding inflationary pressures

But today’s report overall probably moves the dial a little towards a first interest rate cut coming in May rather than March.

UK consumer spending ends 2023 on a disappointing note

Today's retail sales figures bring a disappointing end to what has been a challenging 2023 for retailers

No surprises from today's interest rate decision from the BoE

November US inflation numbers come in slightly hotter than expected

UK labour market continues to show signs of weakening

But progress remains painfully slow, leaving monetary policy in restrictive territory

UK consumer spending remains weak in run up to Christmas

Today's Employment Cost Index report expected to allow the FOMC to keep rates on hold tomorrow