According to the latest economic figures, Britain's retail sales went down last month, meaning that country is facing a lot of challenges following the vote to leave the EU.
The UK's total trade deficit in goods and services widened in May to £2.3bn in May; however, was not as bad as the £3.6bn forecasts made by economists.
UK manufacturing and industrial production data came in ahead of expectations for May, with both figures a big beat on the forecasts of economists.
Service-sector activity in the UK surprisingly decelerated in June, a private survey from Markit Economics reported. Markit's services purchasing managers' index released today fell to 52.3 in June from 53.5 in May.
Service-sector activity in the UK surprisingly decelerated in June, a private survey from Markit Economics reported. Markit's services purchasing managers' index released today fell to 52.3 in June from 53.5 in May.
June was the worst month in seven years period for the Britain's builders since construction PMI entered a contraction territory, being affected by uncertainty over the results of the EU membership referendum.
The UK PMI manufacturing index expanded at the fastest pace in five months in June before results of the Brexit referendum which showed that biggest part of Britons voted to leave the European Union.
UK economy slowed in the first quarter, dragged down by weaker business investment and a growing trade deficit. Meanwhile, the current account deficit narrowed less than expected at the start of this year.
U.K. mortgage approvals rose and house prices continued their steady advance in the weeks before the country's vote on its European Union membership. UK mortgage approvals for house purchases increased to 67,042 for May from 66,205 for April and were also higher than expected figure of around 65,000 for the month.
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
The Sterling's bullish momentum was mostly reversed on Tuesday, with the UK currency sustaining losses against most major peers.
Optimism in UK's citizens voting for the Kingdom to remain in the EU caused the British currency to strengthen against all other major currencies for another day.
With the ‘Bremain' polls taking the lead, the British Pound managed to outperform all other major currencies on Friday and over the weekend.
The British Pound managed to post gains against most major peers, with exception against the Yen.
The Sterling managed to recover from some of the losses ahead of the BoE Monetary Policy Meeting, being that it surged against most major peers on Wednesday.
Driven by political factors, mainly by ‘Brexit' polls, the Sterling weakened against most major peers on Tuesday.
The Sterling began the week with rather poor performance, being unable to post solid gains and having declined against most major peers on Monday.
The British currency suffered heavy losses against all other major currencies on Friday and over the weekend, amid a ‘Brexit' poll published on Friday.
The British currency experienced mixed performance on Thursday, without any sharp movements registered against most major peers, with exception of the GBP/NZD.
In spite of strong readings of the UK Industrial and Manufacturing Productions yesterday, the Sterling continued to suffer from the upcoming EU referendum concerns.