United Kingdom Imports of Books, Newspapers, Pictures & Related

Annual inflation rate in the United Kingdom was flat at 2.4 percent in October of 2018, the same as in September but below market expectations of 2.5 percent. Prices slowed for transport and food but rose faster for housing and utilities and recreation and culture.

The unemployment rate in the UK came in at 4.1 percent in the third quarter of 2018, slightly higher than market expectations of 4 percent. The number of unemployed rose by 21,000 from the April to June period while employment rose by 23,000 and the number of job vacancies hit a fresh record high. Average weekly earnings including bonuses rose 3 percent in the third quarter, the most since Q3 2015; excluding bonuses, wages grew 3.2 percent, the most since Q4 2008.

The gross domestic product in the United Kingdom expanded 1.5 percent year-on-year in the third quarter of 2018, up from 1.2 percent in the previous period and matching market expectations. It was the strongest pace of expansion since the third quarter of 2017 mainly driven by household consumption and exports while business investment dropped the most since the first quarter of 2016.

The UK trade deficit decreased by GBP 2.07 billion to GBP 0.03 billion in September 2018 from an upwardly revised GBP 2.10 billion in the prior month. It was the smallest trade gap since February when a GBP 0.21 billion surplus was recorded.

The British economy grew by 0.6 percent on quarter in the three months to September 2018, following a 0.4 percent expansion in the previous period and matching market expectations, a preliminary estimate showed. It was the strongest growth rate since the last quarter of 2016 as household spending and exports rose firmly while business investment contracted at the fastest pace since early 2016 in part due to Brexit-related economic and political uncertainty.

The Bank of England voted unanimously to leave the Bank Rate steady at 0.75 percent on November 1st 2018, in line with market expectations. Policymakers said that if the economy continues to develop in line with forecasts, further tightening will be appropriate. The stock of UK government bond purchases, financed by the issuance of central bank reserves, was maintained at £435 billion.

Annual inflation rate in the United Kingdom eased to 2.4 percent in September of 2018 from 2.7 percent in August, below market expectations of 2.6 percent. It is the lowest reading in three months, mainly due to a slowdown in cost of food, transport and recreation and culture and a fall in clothing prices. Still, it remains above the BoE's target of 2 percent.

The unemployment rate in the UK was unchanged at 4 percent in the three months to August 2018, the lowest since 1975 and matching market expectations. The number of unemployed dropped by 47,000 from the March to May period while employment unexpectedly declined by 5,000, the first fall in near a year.

The UK trade deficit widened by GBP 0.7 billion to GBP 1.27 billion in August 2018 from an upwardly revised GBP 0.57 billion in the previous month and compared to market expectations of GBP 1.15 billion gap. It was the largest trade gap since May, as imports rose further than exports.

The gross domestic product in the United Kingdom expanded 1.2 percent year-on-year in the second quarter of 2018, revised from a preliminary estimate of 1.3 percent and little-changed from a near six-year low of 1.1 percent in the previous period.

The British economy grew by 0.4 percent on quarter in the three months to June 2018, unrevised from the first estimate and above the previous period's figure of 0.1 percent. Household consumption rose faster than initially thought while business investment unexpectedly contracted amid uncertainty around Brexit.

Consumer price inflation in the UK rose to an annual rate of 2.7 percent in August 2018 from 2.5 percent in the previous month and comfortably above market expectations of 2.4 percent. It was the highest inflation rate since February mainly boosted by rising prices of transport, recreation & culture, and food & non-alcoholic beverages.

The Bank of England voted unanimously to leave the Bank Rate unchanged at 0.75 percent on September 13th 2018, following a 25bps hike in the previous meeting. The decision came in line with market expectations. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion and the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion.

The unemployment rate in the UK held steady at 4 percent in the three months to July 2018, its joint-lowest since 1975 and in line with market consensus. The number of unemployed declined by 55,000 from the February to April period while employment rose by 3,000 and the number of job vacancies hit a fresh record high. Meanwhile, annual wage growth picked up from a nine-month low as businesses found it harder to recruit staff.

The UK trade deficit narrowed by GBP 0.83 billion to GBP 0.11 billion in July 2018 from a downwardly revised GBP 0.94 billion in the previous month, and below market expectations of a GBP 2.1 billion gap. It was the smallest trade deficit since a surplus was recorded in February, as both exports and imports hit all-time highs.

Consumer price inflation in the UK rose to an annual rate of 2.5 percent in July 2018 from a year low of 2.4 percent in the previous month and in line with market expectations. Inflation picked up for the first time since last November.

The unemployment rate in the UK fell to 4 percent in the three months to June 2018, the lowest level since the December 1974-February 1975 period and below market consensus of 4.2 percent. The number of unemployed declined by 65,000 from the January to March period while employment rose by 42,000. Still, annual wage growth eased to a nine-month low.

The total UK trade deficit narrowed by GBP 1.28 billion to GBP 1.86 billion in June of 2018 from an upwardly revised GBP 3.14 billion in the previous month. Exports increased 2.7 percent to GBP 52.41 billion and imports rose 0.2 percent to GBP 54.27 billion.

The gross domestic product in the United Kingdom expanded 1.3 percent year-on-year in the second quarter of 2018, little-changed from a near six-year low of 1.2 percent in the previous period and matching market expectations. Household consumption rose the least since the first quarter of 2012.

The British economy grew by 0.4 percent on quarter in the three months to June 2018, following a 0.2 percent expansion in the previous period and matching market expectations, a preliminary estimate showed. Household consumption rose further and fixed investment rebounded firmly, while net trade subtracted from growth.

The Bank of England voted unanimously to raise the Bank Rate by 25bps at 0.75 percent on August 2nd, saying recent data appeared to confirm that the dip in output in the first quarter was temporary and that the labour market has continued to tighten and wage growth has firmed.

Consumer price inflation in the UK stood at an annual rate of 2.4 percent in June 2018, unchanged from the previous month and below market expectations of 2.6 percent. June's rate remained at the lowest level since March 2017.

The jobless rate in the UK stood at 4.2 percent in the three months to May, its joint-lowest since 1975. The number of unemployed declined by 12,000 from the December to February period while 137,000 jobs were created, bringing the employment rate to a record high of 75.7 percent. Still, wage growth eased to a six-month low.

The total UK trade deficit narrowed by GBP 0.3 billion to GBP 2.79 billion in May 2018 from a downwardly revised GBP 3.09 billion in the previous month.

The gross domestic product in the United Kingdom expanded 1.2 percent year-on-year in the first quarter of 2018, unrevised from the second estimate and following a downwardly revised 1.3 percent growth in the previous period. It was the weakest pace of expansion since the second quarter of 2012, due to a slowdown in both household consumption and fixed investment.

The British economy grew by 0.2 percent on quarter in the three months to March 2018, slightly above the second estimate of 0.1 percent and following a 0.4 percent expansion in the previous period.

The Bank of England left its key Bank Rate on hold at 0.5 percent on June 21st 2018, in line with market expectations. However, 3 out of 9 policymakers, including BoE Chief Economist, voted for a rate hike compared with only 2 votes in the previous meeting.

Consumer price inflation in the UK stood at an annual rate of 2.4 percent in May 2018, unchanged from the previous month's one-year low and slightly below market expectations of 2.5 percent. Also, core inflation was flat at 2.1 percent.

The unemployment rate in the UK stood 4.2 percent in the three months to April of 2018, the same as in the previous two periods and the the joint lowest since 1975. Figures came in line with market expectations. The number of people in work rose by 146,000, way above forecasts of a 110,000 increase.

The UK's trade deficit widened by GBP 2.1 billion to GBP 5.28 billion in April 2018 from an upwardly revised GBP 3.22 billion in the previous month and above market expectations of a GBP 2.5 billion gap. It was the largest trade deficit since September 2016.

The British economy advanced 1.2 percent year-on-year in the first three months of 2018, slowing from a 1.4 percent rise in the previous quarter and matching the preliminary estimate. It is the lowest annual growth rate since the second quarter of 2012 amid a slowdown in household spending, business investment and exports, the second estimate showed.

The British economy expanded 0.1 percent on quarter in the first three months of 2018, in line with the preliminary estimate and well below 0.4 percent in the previous period. It is the lowest growth rate since a 0.1 percent contraction in Q4 2012, the second estimate showed.

Annual inflation in the UK edged down to 2.4 percent in April of 2018 from 2.5 percent in March, below market expectations of 2.5 percent. It is the lowest rate since March of 2017, mainly due to a slowdown in cost of transport amid a drop in air fares.

The unemployment rate in the UK stood at a 42-year low of 4.2 percent in the three months to March 2018, matching market expectations. The number of unemployed declined by 46,000 from the October to December period while employment increased by 197,000, the biggest quarterly increase since the end of 2015 and way above market expectations of a 130,000 gain.

The Bank of England voted by seven to two to keep the Bank Rate at 0.5 percent on May 10th, due to a sharp slowdown in GDP growth in the first quarter. Still, policymakers noted that wage growth and domestic cost pressures are firming gradually while CPI inflation is projected to fall back slightly more quickly than previously estimated. The bank also said that the recent weakness in data had been consistent with a temporary soft patch, suggesting an August rate hike is still on the table.

The UK's trade deficit widened by GBP 1.9 billion to GBP 3.091 billion in March 2018 from an upwardly revised GBP 1.176 billion in the previous month and above market expectations of a GBP 2 billion gap. It was the largest trade deficit since last June.

The British economy expanded by 1.2 percent year-on-year in the first quarter of 2018, missing market expectations of 1.4 percent, a preliminary estimate showed. It was the weakest pace of expansion since the second quarter of 2012.

The British economy grew by 0.1 percent on quarter in the three months to March 2018, easing from a 0.4 percent expansion in the previous period and missing market expectations of 0.3 percent, a preliminary estimate showed. It was the weakest growth rate since a 0.1 percent contraction recorded in the fourth quarter of 2012.

The rate of inflation in the UK fell to 2.5 percent in March 2018 from 2.7 percent in the previous month and below market expectations of 2.7 percent. It was the lowest rate since March last year.

The unemployment rate in the UK fell to a new 42-year low of 4.2 percent in the three months to February 2018 from 4.3 percent in the September to November period and below market expectations of 4.3 percent. The number of unemployed declined by 16,000 while employment increased by 55,000, beating market expectations of a 33,000 gain.

The UK's trade deficit narrowed sharply by GBP 2.0 billion to GBP 0.965 billion in February 2018 from a downwardly revised GBP 2.949 billion in the previous month and below market expectations of a GBP 2.6 billion gap. It was the smallest trade deficit since September.

The British economy expanded by 1.4 percent year-on-year in the fourth quarter of 2017, unrevised from the second estimate and following a 1.8 percent growth in the previous period. It was the weakest pace of expansion since the second quarter of 2012.

The British economy grew by 0.4 percent on quarter in the three months to December of 2017, unrevised from the second estimate and following a 0.5 percent expansion in the previous period. Fixed investment increased firmly despite a slowdown in business investment, while net trade contributed negatively to growth.

The Bank of England voted by seven to two to keep the Bank Rate at 0.5 percent on March 22nd, saying pay growth is likely to pick up in response to the tightening labour market and inflation is expected to remain above the 2 percent target in the short term. Also, the bank reiterated that an ongoing tightening of monetary policy over the forecast period will be appropriate to return inflation sustainably to its target, raising expectations of a May rate hike.

The unemployment rate in the UK stood at a 42-year low of 4.3 percent in the three months to January 2018, unchanged from the August to October period and below market expectations of 4.4 percent. The number of unemployed rose by 24,000 while employment increased by 168,000, beating market expectations of a 84,000 gain.

The rate of inflation across the UK fell to 2.7 percent in February 2018 from 3 percent in the previous month and below market expectations of 2.8 percent. It was the lowest rate since July last year.

The UK’s deficit on trade in goods and services widened by GBP 0.6 billion to GBP 3.074 billion in January 2018 from a downwardly revised GBP 2.492 billion in the previous month, due primarily to an increase in goods imports including aircraft and cars from non-EU countries and fuels (refined oil) from EU countries.

The British economy expanded by 1.4 percent year-on-year in the fourth quarter of 2017, below a preliminary estimate of 1.5 percent and compared with an upwardly revised 1.8 percent growth in the previous period. It was the weakest pace of expansion since the second quarter of 2012.

The British economy grew by 0.4 percent on quarter in the three months to December of 2017, below the preliminary estimate of 0.5 percent and following an upwardly revised 0.5 percent expansion in the previous period. Production output rose less than initially thought. On the expenditure side, there was a slowdown in growth of household spending and business investment.

The unemployment rate in the UK rose to 4.4 percent in the three months to December of 2017 from a 42-year low of 4.3 percent in the July to September period, while markets were expecting the rate to remain unchanged.

The rate of inflation across the UK stood at 3 percent in January 2018, unchanged from the previous month and above market expectations of 2.9 percent. Prices of recreation and culture rose further while cost of food and transportation increased at a softer pace.

The UK’s deficit on trade in goods and services widened by GBP 1.2 billion to GBP 4.896 billion in December 2017 from an upwardly revised GBP 3.652 billion in the previous month and way above market expectations of GBP 2.4 billion. It was the largest trade deficit since September 2016.

The Bank of England voted unanimously to keep the Bank Rate at 0.5 percent on February 8th as widely expected, saying that inflation is expected to remain around 3 percent in the short term, reflecting recent higher oil prices. The bank also warned that interest rates may rise sooner than anticipated, as the economy will expand faster than expected over the next couple of years lifting inflation above 2 percent target.

The British economy expanded by 1.5 percent year-on-year in the fourth quarter of 2017, beating market expectations of 1.4 percent, the preliminary estimate showed. Still, it was the weakest pace of expansion since the first quarter of 2013, as output rose at a slower pace for both manufacturing and construction.

The British economy grew by 0.5 percent on quarter in the three months to December 2017, beating market expectations of 0.4 percent, the preliminary estimate showed. The expansion was mainly driven by services and manufacturing while construction contracted for the third quarter in a row.

UK unemployment rate stood at a 42-year low of 4.3 percent in the three months to November 2017, unchanged from the June to August period and in line with market expectations.

The UK consumer price inflation eased to 3 percent in December 2017 from a near six-year high of 3.1 percent in the previous month, as widely expected.

The UK’s deficit on trade in goods and services widened by GBP 0.5 billion to GBP 2.804 billion in November 2017 from an upwardly revised GBP 2.270 billion in the previous month. It was the largest trade deficit since June.

The British economy grew 1.7 percent year-on-year in the third quarter of 2017, above the preliminary estimate of 1.5 percent and following an upwardly revised 1.9 percent expansion in the previous period. Still, it was the weakest annual growth rate since the first quarter of 2013, as household consumption and fixed investment rose at a softer pace.

The British economy advanced 0.4 percent on quarter in the three months to September of 2017, unrevised from the second estimate and following a 0.3 percent expansion in the previous period. Household consumption rose at stronger pace while fixed investment growth softened.

The Bank of England voted unanimously to keep the Bank Rate at 0.5 percent on December 14th as widely expected, following a 25bps hike in the previous meeting. The Committee also voted unanimously to keep the stock of UK government bond purchases at £435 billion and the stock of sterling non-financial investment-grade corporate bond purchases at £10 billion.

UK unemployment rate stood at a 42-year low of 4.3 percent in the three months to October of 2017, unchanged from the May to July period and slightly above market expectations of 4.2 percent. The number of unemployed continued to fall and that of people in work declined for the second month in a row.

Consumer prices in the United Kingdom rose by 3.1 percent in the year to November 2017, following a 3 percent gain in the previous month and beating market expectations of 3 percent. It was the highest inflation rate since March 2012, mainly due to rising prices of transport, leisure activities, restaurants and hotels, housing and food.

The UK’s deficit on trade in goods and services increased to GBP 1.41 billion in October of 2017 from a downwardly revised GBP 1.14 billion gap in September but way below market expectations of a GBP 3 billion gap. Both exports and imports reached record values although purchases rose at a faster pace, mainly due to unspecified goods (including non-monetary gold) from non-EU countries.

The British economy grew 1.5 percent year-on-year in the third quarter of 2017, unrevised from the preliminary estimate and the same pace as in the previous period. It was the weakest annual growth rate since the first quarter of 2013, as fixed investment rose at a softer pace.

The British economy advanced 0.4 percent on quarter in the three months to September of 2017, unrevised from the preliminary estimate and following a 0.3 percent expansion in the previous period. Household consumption rose at stronger pace, with car purchases recovering somewhat from a low Q2, while business investment growth softened.

The jobless rate in the United Kingdom came in at 4.3 percent in the three months to September of 2017, in line with market expectations and remaining the lowest rate since 1975. On the other hand, employment declined the most in nearly two years and real wages continued to decrease.

Consumer prices in the UK increased 3 percent yoy in October, the same as in September and below expectations of 3.1 percent. Still, it was the highest inflation rate since March 2012, with prices of food, housing, utilities and recreational goods making the biggest upward contribution.

The UK’s deficit on trade in goods and services narrowed by GBP 0.70 billion to GBP 2.75 billion in September 2017 from a downwardly revised GBP 3.46 billion gap in August and way below market expectations of a GBP 4.60 billion gap. It was the smallest trade deficit since May.

The Bank of England raised its benchmark Bank Rate by 25bps to 0.5 percent on November 2nd 2017, in line with market expectations, signalling the beginning of a gradual tightening process. It is the first rate increase in a decade after inflation stayed well above the 2 percent target for the eighth straight month in September amid a weaker sterling and higher energy prices. Policymakers said the inflation is expected to fall in 2018, conditioned on the gently rising path of the Bank Rate. The Monetary Policy Committee (MPC) voted by a majority of 7-2 to increase the Bank Rate but voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion and the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion.

The British economy advanced 1.5 percent year-on-year in the third quarter of 2017, the same pace as in the previous period and better than market expectations of 1.4 percent, the preliminary estimate showed. Still, it was the weakest pace of expansion since Q1 2013, as output growth slowed for services and construction, while industrial production increased at faster pace.

The British economy advanced 0.4 percent on quarter in the three months to September 2017, beating market expectations of 0.3 percent, the preliminary estimate showed. The expansion was mainly driven by services boosted by computer programming, motor trades and retail trade. Also, manufacturing returned to growth after a weak performance in the previous period while construction contracted for the second quarter in a row.

UK unemployment rate declined to 4.3 percent in the three months to August of 2017 from 4.5 percent in the March to May period, in line with market expectations. It was the lowest jobless rate since 1975, as the number of unemployed continued to fall.

Consumer prices in the United Kingdom rose by 3 percent in the year to September 2017, as widely expected, following a 2.9 percent gain in the previous month. It was the highest inflation rate since April 2012, mainly due to rising prices of food, transport and leisure activities.

The UK’s deficit on trade in goods and services widened by GBP 1.39 billion to GBP 5.63 billion in August 2017 from an upwardly revised GBP 4.24 billion gap in July and way above market expectations of a GBP 2.80 billion gap. It was the largest trade deficit since September last year, as the goods trade gap hit a record high.

The British economy grew 1.5 percent year-on-year in the second quarter of 2017, below the second estimate of 1.7 percent and following a downwardly revised 1.8 percent expansion in the previous period. It was the lowest annual growth rate since the first quarter of 2013, as household spending and fixed investment rose at softer.

The UK economy expanded 0.3 percent on quarter in the three months to June of 2017, unrevised from the second estimate of GDP and following an upwardly revised 0.3 percent expansion in the previous period. Fixed investment was the main driver of growth while household expenditure rose at a slower pace. From the production side, the services industries were the only positive contributor to output GDP growth.

The withdrawal of monetary stimulus is likely to be appropriate over the coming months, if the economy and price pressures keep growing, Bank of England Governor Mark Carney said in a speech at the IMF on Monday. Still, there are considerable risks to the UK outlook, which include the response of households, businesses and financial markets to developments related to the process of EU withdrawal, he added.

The Bank of England voted by seven to two to keep the Bank Rate at a record low of 0.25 percent on September 14th, 2017, as widely expected, saying estimates of private final demand were softer than anticipated and underlying pay growth has shown some signs of recovery, albeit remaining modest. Still, policymakers agreed that some withdrawal of monetary stimulus is likely to be appropriate over the coming months if the economy continues to grow and underlying inflationary pressures persist.

UK unemployment rate declined to 4.3 percent in the three months to July of 2017 from 4.6 percent in the February to April period and below market expectations of 4.4 percent. It was the lowest jobless rate since the three months to May of 1975, as the number of unemployed continued to fall.

Consumer prices in the United Kingdom rose by 2.9 percent in the year to August 2017, beating market expectations of 2.8 percent and following a 2.6 percent gain in the previous month. Rising prices for clothing and motor fuels were the main contributors to the increase.

The UK’s deficit on trade in goods and services was almost unchanged at GBP 2.87 billion in July 2017, compared with a downwardly revised GBP 2.91 billion gap in June.

The British economy grew 1.7 percent year-on-year in the second quarter of 2017, unrevised from the preliminary estimate and following a 2 percent expansion in the previous period. It was the lowest annual growth rate since the second quarter of last year, as household spending rose at softer pace while business investment stalled.

The UK economy advanced 0.3 percent on quarter in the three months to June of 2017, unrevised from the preliminary estimate and following a 0.2 percent expansion in the previous period. There was relatively strong growth in government spending and investment, while household consumption rose at softer pace and business investment stalled.

UK unemployment rate dropped to a fresh 42-year low of 4.4 percent in the three months to June of 2017, beating market expectations of 4.5 percent. The employment rate rose to an all-time high of 75.1 percent as the number of people in work rose by 125 thousand.

Consumer prices in the United Kingdom rose by 2.6 percent in the year to July 2017, the same pace as in June and missing market expectations of a 2.7 percent gain. Prices rose further for housing and utilities, food and non-alcoholic beverages, clothing and household goods, while cost of transport, recreation and culture, and restaurants and hotels went up at a slower pace.

The UK’s deficit on trade in goods and services widened by £2.0 billion to £4.56 billion in June 2017 from a revised £2.52 billion in May. It was the biggest trade gap since September last year, as imports rose in the month by 3.3 percent to an all-time high of £53.95 billion, due to an increase in purchases of both goods and services. Exports dropped 0.7 percent to £49.39 billion.

The Bank of England voted by six to two to keep the Bank Rate at a record low of 0.25 percent on August 3rd, 2017, as widely expected, saying GDP growth is expected to remain sluggish in the near term as the squeeze on households' real incomes continues to weigh on consumption. Also, the Committee voted unanimously to keep the stock of UK government bond purchases at £435 billion and the stock of sterling non-financial investment-grade corporate bond purchases at £10 billion. Meanwhile, the central bank cut its UK growth forecast for this year to 1.7 percent from an earlier estimate of 1.9 percent, while next year it predicts 1.6 percent growth compared to its previous 1.7 percent forecast.

The British economy grew 1.7 percent year-on-year in the second quarter of 2017, in line with market expectations and easing from a 2 percent expansion in the previous period, a preliminary estimate showed. It was the lowest annual growth rate since the second quarter of last year, as production contracted while services and construction continued to grow.

The British economy advanced 0.3 percent on quarter in the three months to June 2017, in line with market expectations and following a 0.2 percent expansion in the previous period, a preliminary estimate showed. The growth was driven by services mainly boosted by retail trade and film production and distribution, while construction and manufacturing contracted.

Consumer prices in the United Kingdom rose by 2.6 percent in the year to June 2017, easing from a four-year high of 2.9 percent in May and missing market expectations of a 2.9 percent gain. It was the lowest inflation rate in three months, as prices rose at a slower pace for motor fuels and certain recreational and cultural goods and services.

The unemployment rate in the UK fell to 4.5 percent in the three months to May of 2017, below 4.6 percent in the previous period and market forecasts of 4.6 percent. It is the lowest jobless rate since June of 1975. Earnings including bonuses rose 1.8 percent year-on-year, the weakest gain since the three months to November 2014. Adjusted for inflation, pay growth fell 0.7 percent, the sharpest drop since 2014.

The UK’s deficit on trade in goods and services widened by £1.0 billion to £3.1 billion in May 2017 from an upwardly revised £2.1 billion in April. Imports rose in the month by 2.7 percent to £52.7 billion, due to an increase in imports of goods. Exports grew at a slower 0.9 percent to £49.7 billion.

UK's gross domestic product expanded 2 percent year-on-year in the first quarter of 2017, following a 1.9 percent growth in the previous period and in line with the previous estimate. Fixed investment rose at a faster pace, with business investment increasing for the first time in over a year, while household spending growth slowed and net trade contributed negatively.

The UK economy advanced 0.2 percent on quarter in the three months to March of 2017, unchanged from the previous estimate, and following a 0.7 percent expansion in the previous period. It was the weakest growth rate in one year, as household spending slowed while business investment rebounded. On the production side, growth was driven by output from the business services and finance, and construction industries, partially offset by declines in some consumer-focused industries.

The Bank of England voted by five to three to keep the Bank Rate at a record low of 0.25 percent on June 15th, 2017, as widely expected. Policymakers showed concerns over rising inflation and slow pay growth and the effects on household spending and GDP. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee also voted unanimously to keep the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion.

UK unemployment rate held at a 42-year low of 4.6 percent in the three months to April 2017, in line with market expectations. The employment rate remained at an all-time high of 74.8 percent, as the number of people in work went up by 109 thousand. Meanwhile, total pay adjusted for price inflation decreased by 0.4 percent from the previous year, the biggest drop since the three months to September 2014.

Consumer prices in the United Kingdom increased 2.9 percent year-on-year in May of 2017, higher than 2.7 percent in April and above market expectations of 2.7 percent. It is the biggest inflation rate since June of 2013, driven by cost of games, toys, holidays abroad, food, clothing and electricity.

The UK’s deficit on trade in goods and services narrowed by £1.8 billion to £2.1 billion in April 2017 from a downwardly revised £3.9 billion in March. Imports declined in the month by 3.5 percent to £51.9 billion from an all-time high of £53.7 billion, due to a decrease in purchases of mechanical machinery, oil and cars. Exports also fell slightly by 0.1 percent to £49.8 billion, almost unchanged from the previous month's record high.

Britain's economy accelerated at the end of last year but signs of weakness emerged during the first months of 2017, suggesting the Brexit is starting to take its toll on household spending. The situation may get even worse following UK General Election on June 8th. If Theresa May does not win a majority on Thursday’s election as predicted just a month ago, her ability to drive Brexit reform through parliament will be diminished.

UK's gross domestic product expanded 2 percent year-on-year in the first quarter of 2017, following a 1.9 percent growth in the previous period but below the preliminary estimate of 2.1 percent. Fixed investment rose at a faster pace as business investment increased for the first time in over a year while household spending slowed and net trade contributed negatively.

The UK economy advanced 0.2 percent on quarter in the three months to March of 2017, below the preliminary estimate of 0.3 percent, mainly due to broad-based downward revisions within the services sector. On the expenditure side, household spending slowed while business investment rebounded.

UK unemployment rate fell to 4.6 percent in the three months to March 2017 from 4.7 percent in the previous period and below market expectations of 4.7 percent. It was the lowest jobless rate since July of 1975. The employment rate rose to a fresh all-time high of 74.8 percent, as the number of people in work went up by 122 thousand. Meanwhile, excluding the bonuses, pay adjusted for price inflation decreased by 0.2 percent from the previous year, the first decline since the third quarter of 2014.

Consumer prices in the United Kingdom increased 2.7 percent year-on-year in April of 2017, following a 2.3 percent rise in each of the previous two months and above market expectations of 2.6 percent. It is the highest inflation rate since September of 2013, mainly due to rising air fares and electricity prices. The inflation rate has been on an upward trend since the Brexit vote last year due to a fall in the sterling value.

The Bank of England Monetary Policy Committee voted by a majority of 7-1 to maintain Bank Rate at a record low of 0.25 percent on May 11th, 2017, as widely expected, saying the continuing suitability of the current policy stance depends on the trade-off between above-target inflation and slack in the economy, as well as the prospects for inflation to return sustainably to target. The MPC was unanimous in its decision to keep the stock of UK government bond purchases unchanged at £435 billion.

The UK’s deficit on trade in goods and services widened by £2.3 billion to £4.9 billion in March 2017 from a downwardly revised £2.7 billion in February. Imports increased in the month by £2.9 billion to a new record high of £53.9 billion, due to an increase in purchases of goods from both EU and non-EU countries. Exports increased by £0.6 billion to £49.0 billion.

The British economy grew 2.1 percent, accelerating from a 1.9 percent expansion in the previous period but missing market expectations of a 2.2 percent gain, a preliminary estimate showed. Total production increased further, boosted mainly by manufacturing; while output grew at a slower pace for both services and construction.

The British economy advanced 0.3 percent on quarter in the three months to March 2017, easing from a 0.7 percent growth in the previous period and below market expectations of a 0.4 percent expansion, a preliminary estimate showed. It was the slowest rate of growth since the first quarter of 2016, as services output expanded at a slower pace.

UK unemployment rate held at an almost 12-year low of 4.7 percent in the three months to February 2017, in line with market expectations. The employment rate stood at an all-time high of 74.6 percent as the number of people in work rose by 39 thousand.

Consumer prices in the United Kingdom rose by 2.3 percent in the year to March 2017, the same pace as in February and in line with market expectations. The inflation rate remained at its highest level since September 2013, mainly boosted by rising prices for food, alcohol and tobacco, clothing and footwear, and miscellaneous goods and services.

The UK’s deficit on trade in goods and services widened by £0.7 billion to £3.7 billion in February 2017 from an upwardly revised £3.0 billion in January. Imports increased in the month by £0.3 billion to a new record of £52.1 billion, due to an increase in purchases of goods from the EU. Exports decreased by £0.4 billion to £48.5 billion, led by a decrease in exports of trade in services of £0.3 billion.

UK's gross domestic product expanded 1.9 percent year-on-year in the fourth quarter of 2016, following a 2 percent expansion in the previous period and below the second estimate of 2 percent. Fixed investment and household consumption were the main drivers of growth while business investment contracted for the fourth straight period. Looking at 2016 as a whole, growth slowed to 1.8 percent from 2.2 percent in 2015 and 3.1 percent in 2014.

The British economy advanced 0.7 percent on quarter in the three months to December of 2016, following a downwardly revised 0.5 percent expansion in the previous period and in line with a second estimate. Net trade and consumer spending boosted growth while business investment contracted.

Consumer prices in the United Kingdom increased 2.3 percent year-on-year in February of 2017, above 1.8 percent in January and beating expectations of 2.1 percent. It is the highest inflation rate since September of 2013, boosted by rising fuel prices while food cost increased for the first time in 34 months.

The Bank of England Monetary Policy Committee kept the Bank Rate at a record low of 0.25 percent and left the stock of purchased assets at £435 billion on March 16th, 2017, in line with forecasts. Policymakers expect a slowdown in aggregate demand during this year and a rise in inflation to above the 2 percent target in the next few months.

UK unemployment rate fell to 4.7 percent in the period between November and January 2017 from 4.8 percent in the previous period and below market expectations of 4.8 percent. It was the lowest jobless rate since July to September 2005. The employment rate remained at all-time high of 74.6 percent as the number of people in work rose by 92 thousand while wage growth slowed.

The UK’s deficit on trade in goods and services decreased slightly by £0.1 billion to £1.97 billion in January 2017 from a downwardly revised £2.03 billion in December. Exports advanced by £0.4 billion to an all-time high of £49.4 billion, boosted by higher sales of machinery and transport equipment, mainly electrical machinery and cars, and chemicals; and imports increased by £0.3 billion also to a record £51.4 billion, as purchases of oil and chemicals rose the most.

UK's gross domestic product expanded 2 percent year-on-year in the fourth quarter of 2016, the same as in the previous period and below the preliminary estimate of 2.2 percent. Fixed investment and household consumption were the main drivers of growth while business investment contracted for the fourth straight period.

The British economy advanced 0.7 percent on quarter in the three months to December of 2016, following a 0.6 percent expansion in the previous period and above the preliminary estimate of 0.6 percent, due to upward revisions within the manufacturing industries. On the expenditure side, exports rebounded sharply while household expenditure rose at a slower pace and business investment contracted.

UK unemployment rate held at an 11-year low of 4.8 percent in the period between October and December 2016, in line with market expectations. The employment rate hit a new all-time high of 74.6 percent as the number of people in work rose by 37 thousand while wage growth slowed.

Consumer prices in the United Kingdom rose by 1.8 percent in the year to January 2017, following an 1.6 percent gain in the previous month but below market expectations of 1.9 percent increase. Still, it was the highest inflation rate since June 2014, mainly boosted by rising cost of fuel.

The UK’s deficit on trade in goods and services narrowed by £0.3 billion to £3.3 billion in December 2016 from a downwardly revised £3.6 billion in the previous month. Exports rose by 2.4 percent to an all-time high of £48.8 billion, while imports increased at a slower 1.7 percent also to a record £52.1 billion.

The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on February 2nd, 2017, saying inflation is likely to return to around the 2 percent target by February and then rise above it over the following months.

The British economy expanded by 2.2 percent year-on-year in the fourth quarter of 2016, the same pace as in the previous period and beating market expectations of 2.1 percent growth, the preliminary estimate showed. Total production increased further, boosted by manufacturing and utilities while services and construction advanced at a slower pace. Looking at 2016 as a whole, growth slowed modestly to 2 percent from 2.2 percent in 2015 and 3.1 percent in 2014.

The UK economy advanced 0.6 percent on quarter in the three months to December of 2016, the same pace as in the previous period and better than market expectations of a 0.5 percent expansion, preliminary estimates showed. Services industries were the main drivers of growth, with a strong contribution from retail sales and travel agency services. Meanwhile, construction recovered slightly and production industries showed no growth, as a sharp contraction in mining and oil production offset a rebound in manufacturing and utilities.

UK jobless rate remained at 4.8 percent in the three months to November of 2016, the same as in the previous period and in line with market expectations. The employment rate held at an all-time high of 74.5 percent and wages grew at a faster pace while the number of people in work fell by 9,000.

Consumer prices in the United Kingdom rose 1.6 percent year-on-year in December of 2016, higher than 1.2 percent in November and above market expectations of 1.4 percent. It is the highest inflation rate since July of 2014, boosted by rising cost of transport and housing and utilities amid a weaker pound.

The UK’s deficit on trade in goods and services widened by £2.6 billion to £4.2 billion in November 2016 from a downwardly revised £1.5 billion in the previous month. Exports rose by £0.7 billion to an all-time high of £47.3 billion while imports increased at a much faster £3.3 billion also to a record £51.5 billion , mainly boosted by higher purchases of machinery and transport equipment.

UK's gross domestic product expanded 2.2 percent year-on-year in the third quarter of 2016, accelerating from a downwardly revised 2 percent growth in the previous period but below the second estimate of a 2.3 percent gain. It was the strongest reading since the second quarter of 2015, mainly boosted by gross fixed capital formation.

The British economy advanced 0.6 percent on quarter in the three months to September of 2016, the same as in the previous period and better than the second estimate of 0.5 percent expansion. Household expenditure continued to grow while fixed investment rose at a slower pace and net external demand contributed negatively. Compared with the same period of 2015, the economy advanced 2.2 percent following a downwardly revised 2 percent expansion in the precedent quarter and missing the second estimate of 2.3 percent gain.

The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on December 15th, 2016, in order to meet the 2 percent inflation target, in a way that helps to sustain growth and employment. Policymakers reiterated that the path of monetary policy would depend on the evolution of the prospects for demand, supply, the exchange rate, and therefore inflation.

UK jobless rate declined to 4.8 percent in the three months to October 2016 from 4.9 percent in the May to July period and 5.2 percent a year earlier. The figure came in line with market expectations and hit the lowest level since July to September 2005, as the number of unemployed went down while the number of people in work was little changed.

British consumer prices rose 1.2 percent in a year to November 2016, compared with a 0.9 percent growth in October and above market expectations of 1.1 percent gain. It was the highest inflation rate since October 2014, boosted by cost of clothing and footwear, recreation and culture and furnishings. The core index which excludes prices of energy, food, alcohol and tobacco advanced 1.4 percent on the year. On a monthly basis, consumer prices edged up 0.2 percent, in a line with market consensus.

The trade deficit in the United Kingdom narrowed by £3.8 billion to £2.0 billion in September 2016 from an upwardly revised £5.8 billion in the previous month. It was the smallest trade gap since May this year, as exports increased by 4.6 percent, boosted by a 8.7 percent rise in the export of goods, while imports declined by 3.6 percent.

UK's gross domestic product expanded 2.3 percent year-on-year in the third quarter of 2016, accelerating from a 2.1 percent growth in the previous period and in line with preliminary estimate. It was the strongest reading since the second quarter of 2015, boosted by net external demand and gross fixed capital formation.

The British economy advanced 0.5 percent on quarter in the three months to September of 2016, slowing from a 0.7 percent expansion in the previous period and in line with the preliminary estimate. Net external demand was the main driver of growth, while household expenditure and fixed investment rose at a slower pace.

UK jobless rate declined to 4.8 percent in the three months to September 2016 from 4.9 percent in the April to June period and 5.3 percent a year earlier. The figure came in better than market expectations of 4.9 percent to hit the lowest level since July to September 2005, as the number of unemployed went down while the number of people in work increased.

British consumer prices rose 0.9 percent in the year to October 2016, compared with a 1 percent growth in the year to September and below market expectations of 1.1 percent gain. Prices for motor fuels, housing and furniture increased while cost of clothing fell.

The trade gap in the United Kingdom widened by GBP 1.4 billion to GBP 5.2 billion in September from August of 2016, reaching the highest in three months. Exports fell 0.4 percent while imports jumped 2.5 percent, hitting a record high and boosted by purchases of ships, material manufactures, road vehicles and oil.

The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on November 3rd, 2016, in order to meet the 2 percent inflation target, in a way that helps to sustain growth and employment. Meanwhile, the Committee has dropped its plans for another rate cut as the inflation rate is expected to rise way above the central bank's target over the next three years. Policymakers also said rates could move in either direction depending on changes to the economic outlook.

The UK economy advanced 2.3 percent year-on-year in the three months to September of 2016, better than a 2.1 percent expansion in the previous period and above market expectations of 2.1 percent, preliminary estimates showed. It is the best performance since the second quarter of 2015 and the first GDP figure covering a full quarter following the EU referendum, suggesting growth continues to be broadly unaffected.

The UK economy advanced 0.5 percent on quarter in the three months to September of 2016, slowing from a 0.7 percent expansion in the previous period but better than market expectations of 0.3 percent, preliminary estimates showed. It is the first GDP figure covering a full quarter following the EU referendum, suggesting growth continues to be broadly unaffected with a strong performance in the services industries offsetting falls in other industrial groups.

UK jobless rate remained unchanged at 4.9 percent for the fourth consecutive month in the three months to August 2016, in line with market expectations. It stood at its lowest level in eleven years, as the number of people in work and the number of unemployed people increased, while the number of economically inactive people fell.

British consumer prices rose 1% in the year to September 2016, following 0.6% growth in August and above market expectations of 0.9% gain. It was the highest inflation rate since November 2014 boosted by higher cost of clothing, motor fuels and hotels amid a weaker pound.

The trade gap in the United Kingdom widened by GBP 2.5 billion to GBP 4.7 billion in August from July of 2016. Imports jumped 5.5 percent boosted by electrical machinery and aircraft while exports edged up a meager 0.1 percent.

The British economy advanced 2.1 percent year-on-year in the second quarter of 2016, 0.1 percentage point lower than previously estimated, and following a 2 percent expansion in the previous period. Consumer spending and investment accelerated, final figures showed.

UK's gross domestic product expanded 0.7 percent quarter-on-quarter in the three months to June of 2016, revised up from 0.6 percent previously estimated and higher than a 0.4 percent gain in the previous period. It was the 14th consecutive quarter of expansion, as household spending and fixed investment were the main drivers of growth, final figures showed.

The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on September 15th 2016, in order to bring inflation back to 2% target and to support growth and employment. The central bank also said that a majority of members would support a further rate cut in November if the outlook at that time is consistent with the August Inflation Report projections.

UK jobless rate held steady at 4.9 percent in the three months to July of 2016, the same as in the previous period and in line with market expectations. The number of unemployed declined, employment increased and the employment rate remained at the highest since the series began although wage growth slowed.

British consumer prices rose 0.6% in the year to August 2016, unchanged from July while markets were expecting a 0.7% gain amid a weaker pound. Transport prices rose further and cost of food fell at a slower pace while lower prices for housing and clothing weighed on inflation.

The trade deficit in the United Kingdom narrowed by £1.1 billion to £4.5 billion in July 2016 from an upwardly revised £5.6 billion in June. Exports increased by 1.9 percent, boosted by a 3.4 percent rise in the export of goods, while imports declined by 0.5 percent. Between the 3 months to April 2016 and the 3 months to July 2016, the total trade deficit widened by £5.1 billion to £14.1 billion, the widest deficit since the 3 months to December 2013.

The British economy advanced 2.2 percent year-on-year in the second quarter of 2016, following a 2 percent expansion in the previous period and in line with preliminary figures. Consumer spending and investment accelerated, figures from the second estimate showed.

The British economy expanded 0.6 percent on quarter in the three months to June of 2016, higher than a 0.4 percent growth in the previous quarter and in line with the preliminary reading. Household spending boosted growth and investment rebounded, figures from the second estimate showed.

The unemployment rate in the United Kingdom came in at 4.9 percent in the three months to June 2016, unchanged from the previous period and in line with market expectations. It remained at the lowest level since July to September 2005, as the number of unemployed reached the lowest since March to May 2008 while the number of people in work increased.

Consumer prices in the UK increased 0.6% yoy in July, first month after the UK voted to leave the EU, following a 0.5% rise in June and beating market expectations of a 0.5% gain. It was the highest number since November of 2014 boosted by rise in the cost of transportation, alcohol and hotel and restaurant.

The trade deficit in the United Kingdom widened sharply by £0.9 billion to £5.1 billion in June 2016 from an upwardly revised £4.2 billion in May. It was the biggest deficit since July last year, as exports increased by 2.4 percent while imports increased at a faster 4 percent to a record high of £48.9 billion.

The Bank of England has launched a huge new stimulus package on August 4th in order to mitigate the damage the Brexit vote would have on the UK economy. The package includes: a 25 basis point cut in Bank Rate to 0.25%; a new Term Funding Scheme to reinforce the pass-through of the cut in Bank Rate; the purchase of up to £10 billion of UK corporate bonds; and an expansion of the asset purchase scheme for UK government bonds of £60 billion to £435 billion.

The UK’s economy advanced 2.2 percent year-on-year in the second quarter of 2016, accelerating from a 2 percent rise in the previous period and beating market expectations of a 2 percent growth. It is the best performance in a year. Services and industrial production expanded at a faster pace while construction fell for the first time in three years, preliminary estimates showed.

The UK’s economy advanced 0.6 percent on quarter in the three months to June of 2016, higher than a 0.4 percent expansion in the previous period and better than market expectations of 0.4 percent. Industrial production rebounded and posted the biggest gain since 1999, boosted by mining, quarrying and manufacturing while services growth slowed and construction shrank for the second quarter, preliminary estimates showed.

The unemployment rate in the UK declined to 4.9 percent in the three months to May, the lowest figure since October of 2005. The number of unemployed reached the lowest since 2008, the employment rate increased to a fresh record high of 74.4 percent while earnings rose almost in line with expectations.

Consumer prices in the United Kingdom went up 0.5 percent year-on-year in June of 2016, accelerating from a 0.3 percent increase in the previous two months and higher than market expectations of a 0.4 percent gain. Cost of housing and utilities increased for the first time in three months and recreation and culture recorded the biggest gain since October of 2014.

The Bank of England unexpectedly left the Bank rate unchanged at 0.5 percent and the stock of purchased assets at £375 billion at its July meeting, the first rate decision after the Brexit vote. Markets were expecting a 25bps cut, but only one MPC member voted for it. Most members expect monetary policy to be loosened in August, according to the statement said.

The trade gap in the United Kingdom widened slightly by GBP 0.6 billion to GBP 2.3 billion in May from April of 2016. Exports fell the most in ten months and imports declined for the first time this year.

The Bank of England is prepared to take whatever action is needed to support UK economy and it will likely have to cut interest rates over the summer, Bank of England Governor Carney said in a speech on June 30th. The Bank will also consider a host of other measures and policies to promote monetary and financial stability, he added.

The UK’s economy advanced 2 percent year-on-year in the first three months of 2016, unchanged from the second estimate but higher than a downwardly revised 1.8 percent growth in the previous period. Consumer spending and exports went up faster than initially estimated while the fall in business investment was twice the expected, final figures showed.

The UK’s economy expanded 0.4 percent on quarter in the first three months of 2016, in line with preliminary estimates and slowing from an upwardly revised 0.7 percent expansion in the last quarter of 2015. Consumer spending was the main driver of growth while business investment shrank more than expected and exports declined the most in six quarters, final figures showed.

The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on June 16th, 2016 as widely expected. Policymakers reinforced that the most significant risks concern the UK referendum on EU membership.

British unemployment rate decreased to 5 percent in the three months to April of 2016 from 5.1 percent in the previous five periods. It is the lowest figure since October of 2005 as the number of unemployed fell to a 7-year low, the employment rate remained a record high 74.2 percent and pay growth picked up.

Consumer prices in the United Kingdom increased 0.3 percent year-on-year in May of 2016, the same as in April and below market expectations of a 0.4 percent increase. Transport prices declined less while food deflation deepened.

British trade gap declined to GBP 3294 million in April of 2016 from a downwardly revised GBP 3532 million shortfall in March. It is the lowest deficit since September last year as exports of both goods and services recorded the biggest rise in more than six years, boosted by sales of chemicals, machinery, oil, cars, clothing, beverages and aircraft.

The British economy expanded 2 percent year-on-year in the first three months of 2016, lower than a 2.1 percent initial estimate and a 2.1 percent rise in the previous period. It is the weakest growth rate in three years, due to a slowdown in household consumption, exports and a fall in business investment.

The British economy expanded 0.4 percent on quarter in the first three months of 2016, slowing from a 0.6 percent growth in the previous period and matching preliminary estimates. Household spending continued to support growth while exports shrank and business investment contracted for the second straight quarter amid uncertain results for the EU Membership referendum.

British unemployment rate was recorded at 5.1 percent in the three months to March of 2016, unchanged from the previous four periods. While the number of unemployed fell slightly, the number of employed increased, bringing the employment rate to a record high of 74.2 percent.

Consumer prices in the United Kingdom went up 0.3% yoy in April, slowing from a 15-month high of 0.5% in March and lower than market expectations of a 0.5% gain. It is the first drop in inflation rate since September as cost of air fares, vehicles, fuels and lubricants and electricity declined.

The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on May 12th, 2016 as widely expected. The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on May 12th, 2016 as widely expected. Policymakers lowered growth forecasts, saying there are increasing signs that uncertainty associated with the EU referendum has begun to weigh on activity but left inflation projections roughly unchanged.

British trade gap declined for the second straight month to GBP 3.83 billion in March of 2016 from a downwardly revised GDP 4.3 billion deficit in February as exports gained the most in six months. However, the gap for the first quarter was the highest in eight years as weak external demand weighed on exports.

The UK GDP advanced 2.1 percent year-on-year in the first three months of 2016, the same as in the previous period and better than market expectations of a 2 percent expansion, preliminary estimates showed. Yet, it is the lowest performance in three years as industrial output grew only slightly and construction fell while the services sector boosted the expansion.

The British economy expanded 0.4 percent on quarter in the first three months of 2016, slowing from a 0.6 percent growth in the previous period and in line with market expectations, preliminary figures showed. The services sector led the expansion industrial production, construction and agriculture shrank.

British jobless rate came in at 5.1 percent in the three months to February of 2016, the same as in the previous three periods, staying at the lowest in nearly ten years. Figures came in line with market expectations although the number of people unemployed increased for the first time since mid-2015 and the employment gain was the weakest since June.

The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on April 14th, 2016 as widely expected. Policymakers said there had been signs that uncertainty surrounding the referendum on UK membership of the European Union had begun to weigh on growth. At its March meeting, the central bank had already noted that the UK’s EU referendum could delay spending decisions and depress growth.

Consumer prices in the United Kingdom went up 0.5 percent year-on-year in March of 2016, following a 0.3 percent rise in the previous two months and compared to market expectations of a 0.4 percent increase. It is the highest inflation rate since December of 2014, due to rising cost for housing and utilities, restaurants and hotels and clothing and footwear while transport fell at a slower pace.

British trade gap narrowed to GDP 4.84 billion in February of 2016 from an upwardly revised GBP 5.2 billion deficit in the previous month as exports recovered and imports were flat. However, the trade in goods deficit was the widest ever for a February month and the trade gap with the European Union increased to a fresh record high of GBP 8.6 billion.

The British economy expanded 2.1 percent year-on-year in the last three months of 2015, higher than preliminary estimates of 1.9 percent and slightly below an upwardly revised 2.2 percent gain in the third quarter of the year. Exports and consumption of non-profit institutions increased more than anticipated, offsetting lower growth rates for household spending and investment.

The British economy advanced 0.6 percent on quarter in the last three months of 2015, higher than a 0.5 percent estimate earlier released and compared to a 0.4 percent growth in the previous quarter. Consumer demand remained the main driver of growth and the negative impact from trade came lower than expected while the drag from business investment was larger.

Consumer prices in the United Kingdom went up 0.3 percent year-on-year in February of 2016, the same as in January and below market expectations of 0.4 percent. On a monthly basis, consumer prices rose 0.2 percent, rebounding from a 0.8 percent decline in the previous month.

The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on March 17th, 2016 as widely expected. Policymakers said inflation remains weak and noted that the uncertainty surrounding the referendum on UK membership of the European Union may delay spending decisions and depress growth.

British jobless rate came in at 5.1 percent in the three months to January of 2016, the same as in the previous two periods, staying at the lowest in nearly ten years. Pay growth including bonus went up 2.1 percent and excluding bonus it went up 2.2 percent, above expectations.

British trade gap narrowed to GBP 3.45 billion in January of 2016 from an upwardly revised GBP 3.69 billion shortfall in December. It is the lowest trade deficit in four months, due to a drop in imports of unspecified goods and fuels. However, the country's trade deficit in goods with the European Union widened to GBP 8.1 billion, the largest gap on record.

The British economy advanced 1.9 percent year-on-year in the last three months of 2015, slowing from a 2.1 percent growth in the previous period, in line with preliminary estimates. It is the worst performance since the first three months of 2013 mainly due to a slowdown in gross fixed capital formation and exports, figures from ONS second estimate showed.

The British economy advanced 0.5 percent on quarter in the last three months of 2015, in line with the preliminary estimate. Growth was mainly driven by household spending while gross fixed capital formation and exports decreased, figures from ONS second estimate showed.

British jobless rate came in at 5.1 percent in the three months to December of 2015, the same as in the previous period, staying at the lowest in nearly ten years. Pay growth including bonus eased to 1.9 percent while excluding bonus it went up 2 percent, above expectations.

Consumer prices in the United Kingdom increased 0.3 percent year-on-year in January of 2016, following a 0.2 percent rise in the previous month and matching preliminary estimates. It is the highest figure since January of 2015 due to rising housing and utilities cost while prices of food and recreation and culture fell at a slower pace. On a monthly basis, consumer prices declined 0.8 percent, the biggest drop in twelve months.

British trade gap narrowed to GBP 2.7 billion in December of 2015 from an upwardly revised GBP 4.03 billion shortfall in November. It is the lowest trade deficit in three months, due to a drop in imports of unspecified goods while falling oil prices brought oil purchases down to its lowest since February of 2009.

The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on February 4th, 2016. One policymaker has been voting for a rate hike since last summer but dropped its call as growth and inflation forecasts were lowered, signaling rates are likely to remain at record low for at least this year.

The British economy advanced 1.9 percent year-on-year in the last three months of 2015, slowing from a 2.1 percent growth in the previous period, preliminary estimates showed. It is the worst performance since the first three months of 2013 as expansion in the services and industry slowed.

The British economy advanced 0.5 percent on quarter in the last three months of 2015, accelerating from a 0.4 percent growth in the previous period and in line with market expectations, preliminary estimates showed. Services contributed 0.52 percentage point to the expansion while industry subtracted 0.03 percentage point.

British jobless rate decreased to 5.1 percent in the three months to November of 2015, reaching the lowest level since August to October 2005. Earnings growth slowed for the second consecutive month.

As UK growth has slowed and inflation would remain low, is not yet the time to raise interest rates, Governor Mark Carney said in a speech at Queen Mary University in London. The governor also pointed Chinese economic slowdown, falling oil prices and gloomier global outlook as delaying factor.

Consumer prices in the United Kingdom edged up 0.2 percent year-on-year in December of 2015, the highest figure since January and in line with market expectations while core inflation accelerated for the third straight month to 1.4 percent. However, inflation for 2015 was 0 percent for the first time since records began in 1950, well below the Bank of England's 2 percent target.

The Bank of England Monetary Policy Committee voted by a majority of 8-1 to maintain the Bank Rate at 0.5 percent and unanimously to leave the stock of purchased assets at £375 billion on January 14th, 2016 as widely expected. Policymakers said the outlook for growth and inflation weakened and noticed past appreciation of the pound, weak global inflation and restrained domestic cost growth are also dragging consumer prices down in addition to falling oil.

UK trade gap decreased to GBP 3.17 billion in November of 2015 from a downwardly revised GBP 3.5 billion shortfall in the previous month as lower oil prices led imports to fall more than exports.

The British economy advanced 2.1 percent year-on-year in the three months to September of 2015, lower than a 2.3 percent gain initially reported and lower than a downwardly revised 2.3 percent increase in the previous period. The final release from the ONS confirmed the economy posted the worst performance since the third quarter of 2013.

The UK economy advanced 0.4 percent on quarter in the three months to September of 2015, lower than preliminary estimates of a 0.5 percent gain and slowing from a downwardly revised 0.5 percent expansion in the previous period. Gross capital formation and public spending grew less than anticipated while the drag from net external trade was smaller than expected, final figures showed.

British jobless rate decreased to 5.2 percent in the three months to October of 2015, lower than 5.3 percent in the previous period. The unemployment rate fell for the fourth straight period to its lowest since the three months to May of 2008. However, earnings grew at its slowest pace since March.

Consumer prices in the United Kingdom went up 0.1 percent year-on-year in November of 2015, rebounding from a 0.1 percent fall in the previous two months, boosted by higher cost of housing, utilities, restaurants and hotels while transport and food prices decreased at a slower pace. On a monthly basis, consumer prices were flat, mainly due to falling clothing prices.

The Bank of England Monetary Policy Committee voted by a majority of 8-1 to maintain the Bank Rate at 0.5 percent and unanimously to leave the stock of purchased assets at £375 billion at its December 2015 meeting, as widely expected. Policymakers showed concerns over slower wage growth.

UK trade gap widened to GBP 4.14 billion in October compared to a downwardly revised GBP 1.07 billion in September as imports surged 5.4 percent and exports declined 1.6 percent. Excluding oil and other volatile goods, the deficit was the highest since records began in 1998.

The British economy advanced 2.3 percent year-on-year in the three months to September of 2015, slowing from a 2.4 percent expansion in the previous period and in line with preliminary estimates. The second release from the ONS confirmed the economy posted the worst performance since the third quarter of 2013 as imports grew faster than exports, bringing net external trade contribution to negative.

The UK economy advanced 0.5 percent on quarter in the three months to September of 2015, slowing from a 0.7 percent expansion in the previous period and in line with the preliminary estimate. Gross capital formation rebounded while net external proved a drag of 1.5 percentage points on overall growth in the quarter, figures from the ONS second estimate showed.

Bank of England's key rate has been at 0.5 percent for more than six years and is likely to remain steady until the end of 2016, as inflation rate remains well below 2 percent target and growth outlook has weakened. Indeed, market predictions from to the Bank of England's quarterly Inflation Report point to an interest rate of 1.1 percent by the end of 2016, 1.7 percent by the end of 2017 and 2.3 percent by the end of 2018.

An economic analysis here, with at least 100 characters with a brief summary and some loose details.

Consumer prices in the UK dropped 0.1% yoy in October, the same as in September and in line with market expectations. It is the first time in half a century CPI have fallen on an annual basis for two months in a row. On a monthly basis, the inflation rate was 0.1 percent, rebounding from -0.1 percent in September.

British jobless rate decreased to 5.3 percent in the three months to September of 2015, down from 5.4 percent in the previous period and below market expectations. It is the lowest level since the three months to April of 2008 as the employment rate hit a fresh record high, the inactivity rate hit the lowest since 1991 while pay growth came in below expectations.

UK trade gap in goods and services decreased to £1.353 billion in September of 2015 from a downwardly revised £2.9 billion shortfall in August. Lower than expected deficit can be mostly attributed to rise in exports of goods (by £600m in the month to £24bn) and decline in imports of goods (by £900m to £33.3 billion).

The Bank of England Monetary Policy Committee voted by a majority of 8-1 to maintain the Bank Rate at 0.5 percent and unanimously to leave the stock of purchased assets at £375 billion at its November 2015 meeting. Policymakers lowered its inflation and growth forecasts and said outlook for global growth has weakened, signaling the central bank is in no rush to raise rates.

The British economy advanced 2.3 percent year-on-year in the three months to September of 2015, slowing from a 2.4 percent expansion in the previous period. It is the worst performance since the third quarter of 2013, preliminary estimates showed.

The British economy advanced 0.5 percent on quarter in the three months to September of 2015, slowing from a 0.7 percent expansion in the previous period, according to preliminary estimates. Figures came lower than expected, as construction declined the most in three years and manufacturing remained depressed.

British jobless rate decreased to 5.4 percent in the three months to August of 2015, down from 5.5 percent in the previous period and the lowest since March to May of 2008. The employment rate reached the highest on record while pay growth came slightly below expectations.

Consumer prices in the United Kingdom decreased 0.1 percent year-on-year in September of 2015, due to falling fuel, food and clothing and footwear cost. It is the first annual drop since April, below market expectations.

British trade gap in goods and services decreased to £3.3 billion in August 2015 from an upwardly revised £4.4 billion in July, boosted by record high car sales and higher chemical exports.

The Monetary Policy Committee voted by a majority of 8-1 to maintain the Bank Rate at 0.5 percent and unanimously to leave the stock of purchased assets at £375 billion at its October 2015 meeting. Policymakers now expect a softer outlook for inflation and growth and showed concerns that global economic and financial developments may restrain economic activity.

The British economy expanded 2.4 percent year-on-year in the second quarter of 2015, compared to 2.6 percent earlier reported and marking the lowest growth rate in seven quarters. All expenditure components grew less than previously estimated.

The jobless rate in the UK decreased to 5.5 percent in the three months to July of 2015 from 5.6 percent in the previous period. Wages rose at fastest pace in more than six years and well above the inflation rate, signaling further strength of the labor market.

British inflation rate decreased to 0 percent in August of 2015 from 0.1 percent in July, in line with market expectations as falling oil prices keep dragging transport cost down. However, the monthly rate posted the first rise in three months, up 0.2 percent.

Bank of England policymakers voted by a majority of 8-1 to maintain the Bank Rate at 0.5 percent and unanimously to leave the stock of purchased assets at £375 billion.

The UK’s deficit on trade in goods and services was estimated to have been £3.4 billion in July 2015, £2.6 billion more compared with June 2015 as exports of goods plunged 9.5 percent and imports rose by 0.5 percent.

The British economy expanded 2.6 percent year-on-year in the three months to June of 2015, unrevised from the preliminary estimate but slowing for the second straight quarter. It is the lowest performance since the last quarter of 2013 as a surge in exports was not able to offset a slowdown in private and public expenditure.

The British economy expanded 0.7 percent on quarter in the three months to June of 2015, higher than a 0.4 percent increase in the previous period and in line with preliminary estimates. It is the tenth consecutive quarter of growth, driven by a surge in business investment and exports.

British inflation rate rose to 0.1 percent in July, beating market expectations and higher than 0 percent in June, driven by cost of housing and utilities and a rebound in clothing and footwear prices. Core inflation hit a five-month high.

The jobless rate in the UK remained unchanged at 5.6 percent in the three months to June 2015 while the number of jobless claims fell by an unexpectedly sharp 4,900.

The UK’s deficit on trade in goods and services was estimated to have been £1.6 billion in June 2015, compared with £0.9 billion in May 2015. This reflects a deficit of £9.2 billion on goods, partially offset by an estimated surplus of £7.6 billion on services.

The Monetary Policy Committee, voted by a majority of 8-1 to maintain Bank Rate at 0.5% and unanimously to maintain the stock of purchased assets at £375 billion. The Bank has also raised its growth forecasts for this year and cut its inflation projection.

The British economy expanded 2.6 percent year-on-year in the second quarter of 2015, in line with market expectations but slowing from a 2.9 percent rise in the previous period. Yet, it is the lowest expansion since the last three months of 2013, due to a slowdown in services and manufacturing, preliminary estimates showed.

The British economy expanded 0.7 percent on quarter in the three months to June 2015, in line with market expectations and boosted by business services and finance and gas and oil production, preliminary estimates showed.

Bank of England policymakers voted unanimously to leave the Bank Rate at a record low 0.5 percent in July but some members showed concerns over upside risks to the inflation, signaling a rate hike may occur sooner than expected, minutes from last MPC meeting showed.

A decision about the timing of raising rates will come by the end of the year and will be gradual, BoE Governor Mark Carney signaled during the speech delivered at the Lincoln Cathedral.

The jobless rate in the UK increased to 5.6 percent in the three months to May 2015 from 5.5 percent in the previous period. It is the first increase since 2013 as employment fell and unemployment went up while wages grew below expectations.

British inflation rate slowed to 0 percent in June from 0.1 percent in May, in line with market expectations as transport and food prices fell further while cost of housing and utilities increased slightly.

British trade gap decreased to £0.393 billion in May of 2015 from an upwardly revised £1.8 billion in April. It is the lowest shortfall since June of 2013, mainly driven by a drop in imports of ships.

The Bank of England left the Bank Rate on hold at a record low 0.5 percent on July 9th as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.

The British economy expanded 2.9 percent year-on-year in the first three months of 2015, better than a previous estimate of 2.4 percent.

The British economy expanded 0.4 percent in the first three months of 2015, better than an initial estimate of 0.3 percent and boosted by household consumption and investment. Still, it is the lowest growth rate since the last quarter of 2013.

The jobless rate in the UK remained unchanged at 5.5 percent in the three months to April 2015, in line with market expectations. Employment continued to rise and wages posted the highest gain since the global financial crisis.

Consumer prices in Britain increased 0.1 percent year-on-year in May of 2015, following a 0.1 percent drop in April, as cost of housing and utilities increased while transport and food cost fell at a slower pace.

British trade gap decreased to £1.2 billion in April from an upwardly revised £3 billion in the previous month. It is the lowest figure since March last year as exports posted the biggest gain in seven months while imports shrank.

The Bank of England left the Bank Rate on hold at a record low 0.5 percent on June 4th as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.

The British economy expanded 2.4 percent year-on-year in the first three months of 2015, the lowest growth rate since the last quarter of 2013, second estimates released by the Office for National Statistics showed.

The British economy expanded 0.3 percent in the first three months of 2015 matching preliminary estimates but slowing from a 0.6 percent rise in the previous period. Second estimates released by the Office for National Statistics showed a drop in exports and higher imports weighted down on growth.

Bank of England policymakers voted unanimously to leave the Bank Rate at a record low 0.5 percent, minutes from MPC meeting held in May showed. The central bank said the dip in inflation is unlikely to last long but showed concerns over recent house price increase.

Consumer prices in Britain fell 0.1 percent year-on-year in April, compared to no change in March, driven by lower food and fuel cost. This is the first time the CPI has fallen since official records began in 1996 and the first time since 1960 based on comparable historic estimates.

The Bank of England revised down its GDP growth estimates for the next three years and signaled a rate rise may not occur until mid-2016, according to latest Inflation Report released on May 13th.

The jobless rate in the UK decreased to 5.5 percent in the three months to March 2015 from 5.6 percent in the previous period. It is the lowest number since May-July 2008 as the employment rate reached the highest since records began in 1971.

The Bank of England left the Bank Rate on hold at a record low 0.5 percent on May 11th as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.

British trade gap decreased slightly to £2.8 billion in March from a revised £3.3 billion in the previous month as exports to countries outside the European Union rose and imports of aircraft and ships declined.

The British economy grew 2.4 percent year-on-year in the first three months of 2015, the lowest in five quarters, dragged down by a fall in mining and construction and a slowdown in services and manufacturing.

The British economy expanded a weaker-than-expected 0.3 percent on quarter in the first three months of 2015, hurt by a slowdown in business, financial services and manufacturing and decline in mining and construction.

Bank of England policymakers voted unanimously to leave the Bank Rate at a record low 0.5 percent and expected the inflation to become negative in the coming months, minutes from MPC meeting held in April showed.

British jobless rate decreased to 5.6 percent in the three months to February from 5.7 percent in the previous period. Employment increased at its fastest pace in nearly a year while pay growth rose well above inflation.

Consumer prices in Britain remained unchanged in March for the second consecutive month driven by a fall in prices of transport, leisure and food. It is the lowest rate since records began in 1989.

The Bank of England left the Bank Rate on hold at a record low 0.5 percent on April 9th as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.

British trade gap increased to £2859 million in February from a revised £1536 million in the previous month as exports fell to a six-month low due to weaker sales to the United States.

The British GDP advanced 3 percent year-on-year in the last quarter of 2014, up from a 2.7 percent preliminary estimate as net trade contributed positively to the growth and the services sector continued to power the economy.

The British economy advanced 0.6 percent on quarter in the last three months of 2014, higher than 0.5 percent estimate released last month and driven by rise in exports.

British consumer prices were unchanged in the year to February 2015, the level not seen since comparable records started in 1989. The main contributions to the slowdown came from food, fuel, furniture & furnishings and a range of recreational goods.

British jobless rate remained steady at 5.7 percent in the three months to January of 2015, the lowest since mid-2008. The employment rate reached a record high but pay growth slowed.

British trade gap decreased to £616 million in January from a revised £2142 million in the previous month. It is the lowest shortfall since June of 2013 due to a sharp drop in oil imports and higher exports of services.

The Bank of England left the Bank Rate on hold at a record low 0.5 percent on March 5th as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.

The British economy advanced 2.7 percent year-on-year in the last quarter of 2014, unchanged from the preliminary estimate. It is the highest growth rate since the last three months of 2007, driven by rise in consumption, investment and net trade.

The British economy grew 0.5 percent in the last three months of 2014, slowing from a 0.7 percent rise in the previous period, second estimates released by the Office for National Statistics showed.

British jobless rate decreased to 5.7 percent in the three months to December of 2014 from 5.8 percent in the previous period, the lowest since mid-2008. Pay growth rose above inflation for the third straight month.

British annual inflation rate eased to 0.3 percent in January of 2015 from 0.5 percent in the previous month, reaching the lowest on record. Falling prices for motor fuels and food were the main contributors to the slowdown.

Inflation rate is more likely than not to fall below zero, according to latest Inflation Report released by the Bank of England. Policymakers also said they are ready to take whatever action is needed to ensure inflation comes back to target, including cutting rates.

British trade gap increased to £2.9 billion in December of 2014 from a revised £1.8 billion in the previous month, driven by a surge in oil imports. In 2014, the goods deficit was £120 billion, the highest since records began in 1998.

The Bank of England left the Bank Rate steady at 0.5 percent at its February 5th meeting, as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.

British GDP advanced 2.7 percent year-on-year in the last quarter of 2014, up from a 2.6 percent increase in the previous period and the highest since 2007.

British GDP advanced 0.5 percent on quarter in the last three months of 2014, below market expectations and compared with a 0.7 percent expansion in the previous period. Preliminary estimates showed services were the main driver of growth while construction and mining shrank.

Minutes from MPC’s meeting held in January showed policymakers voted unanimously for the first time since July to keep rates at record low as two members dropped their call for higher rates due to low inflation. A rate hike may occur later than expected as policymakers believe there's a roughly even chance of deflation in the first half of 2015.

British jobless rate decreased to 5.8 percent in the three months to November, the lowest since July of 2008. Weekly wages rose above the inflation rate for the second straight month.

British annual inflation rate slowed to 0.5 percent in December of 2014 from 1 percent in the previous month, due to a drop in food and fuel prices. It is the lowest rate since May of 2000.

British trade gap decreased to £1.4 billion in November of 2014 from a revised £2.2 billion in the previous month. It is the lowest shortfall since June of 2013 as lower oil prices reduced the country's imports.

The Bank of England left the Bank Rate steady at 0.5 percent at its January 8th meeting, as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.

The British economy expanded 2.6 percent year-on-year in the third quarter of 2014, compared with a previous estimate of 3 percent, due to lower business investment and higher imports.

The British economy expanded 0.7 percent on quarter in the three months to September, in line with previous estimates but down from a revised 0.8 percent increase in the previous period. Household and government consumption were the main drivers of growth.

British jobless rate remained steady at 6 percent in three months to October while weekly wages rose 1.6 percent, above the inflation rate for the first time since 2009.

British consumer prices rose 1 percent year-on-year in November, slowing from a 1.3 percent rise in the previous month. It is the lowest rate since September of 2002 due to a fall in motor fuel and food prices.

British trade gap decreased to £ 2.04 billion in October of 2014 from a revised £ 2.8 billion in the previous month. It is the lowest shortfall since March due to a fall in fuel imports and higher silver sales.

The Bank of England’s Monetary Policy Committee, as expected, maintained Bank Rate at 0.5% and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

The British economy expanded 3 percent year-on-year in the third quarter of 2014, unrevised from the preliminary estimate. Private consumption was the main contributor to growth while exports shrank for the second consecutive quarter.

The British economy grew 0.7 percent in the three months to September, according to the second estimate released by the statistical office. Private consumption and government spending were the main drivers of expansion while business investment and exports shrank.

British annual inflation rate accelerated slightly to 1.3 percent in October from 1.2 percent in the previous month. While an increase in the cost of alcoholic beverages and tobacco, recreation and culture drove consumer prices higher; cost of food and motor fuels fell.

The BoE expects inflation to fall below 1 percent in the near term and growth of 3.5 percent in 2014. Forecasts from November’s Inflation Report signaled a rate rise may occur later than anticipated.

British jobless rate was unchanged at 6 percent in the three months to September of 2014 but wage growth increased more than expected, surpassing inflation. The claimant count for October fell by 20.4 thousand.

UK’s trade gap increased to £2.84 billion in September of 2014 from a revised £1.77 billion shortfall in August. It is the second highest monthly trade deficit this year, due to a surge in oil imports.

The Bank of England decided to keep the bank rate unchanged at 0.5 percent on November 6th. The decision was widely expected.

British GDP expanded 3 percent year-on-year in the third quarter of 2014 compared with a 3.2 percent increase in the previous three months. Yet, preliminary estimates showed the GDP is estimated to have been 3.4 percent higher than the pre-economic downturn peak of the first quarter of 2008.

The UK economy expanded 0.7 percent on quarter in the three months to September, slowing from a 0.9 percent increase in the second quarter. Preliminary estimates showed services were the biggest contributor to the growth while mining and quarrying shrank for the second consecutive quarter and manufacturing posted the lowest gain in six quarters.

The UK jobless rate fell for the seventh straight time to 6 percent in the three months to August of 2014. While the number of unemployment persons posted the largest annual drop on record, employment grew at its slowest pace in more than a year.

UK annual inflation rate eased to 1.2 percent in September of 2014 from 1.5 percent in August. It is the lowest rate in five years driven by a fall in food and motor fuel prices.

UK’s trade gap decreased to £ 1.9 billion in August of 2014 from a revised £ 3.1 billion shortfall in July, mainly due to a large drop in imports from non-EU countries.

At its October meeting, the Bank of England decided to leave the bank rate on hold at 0.5 percent. The stock of purchased assets financed by the issuance of central bank reserves was also left unchanged at £375 billion.

British GDP expanded 3.2 percent year-on-year in the second quarter of 2014, unrevised from the second estimate but up from a flash 3.1 percent. Gross fixed capital formation recorded the highest gain in more than eleven years.

The UK economy expanded 0.9 percent in the second quarter of 2014, up 0.1 percentage points from the second estimate, mainly due to changes in the GDP calculating methods. Figures for the first quarter were also revised to a 0.7 percent expansion, from a 0.8 percent increase previously reported.

The UK jobless rate continued to fall, reaching 6.2 percent in the three months to July of 2014, the lowest since late 2008. Yet, employment increased at its slowest pace in more than a year.

UK annual inflation rate slowed for the second consecutive month to 1.5 percent in August of 2014 from 1.6 percent in July. Falls in prices of motor fuels and food and non-alcoholic drinks provided the largest downward contributions while the largest, partially offsetting, upward effects came from clothing, transport services and alcohol.

In a speech during the 146th annual Trades Union Congress, the Bank of England Governor Mark Carney signaled the benchmark interest rate may start rising by the spring of 2015, as the economic recovery has exceeded all expectations.

The UK trade gap widened to £ 3.3 billion in July from £ 2.5 billion in June. Imports of goods recorded the largest monthly increase in nearly two years driven by purchases of fuels and chemicals.

At its September meeting, the Bank of England decided to leave the bank rate at 0.5 percent and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

The UK annual inflation rate decelerated to 1.6 percent in July from 1.9 percent in June. Falls in clothing prices contributed the most to the drop while other downward effects came from alcohol, financial services and food.

UK economy expanded by 0.8 percent in Q2 2014, the second consecutive quarter-on-quarter increase of 0.8 percent, unrevised from the preliminary estimate published on July 25th.

UK jobless rate continued to fall, reaching 6.4% for April to June 2014, the lowest since late 2008 while the number of people claiming unemployment benefits declined more-than-expected in July.

UK trade gap increased to £2.5 billion in June, compared with £2.4 billion in the previous month as exports of goods fell.

The Bank of England’s Monetary Policy Committee voted to maintain its benchmark interest rate at 0.5% at its meeting on August 7th. The Committee also pledged to keep the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

The UK economy advanced 3.1 percent year-on-year in the second quarter of 2014, accelerating from a 3 percent expansion in the previous quarter, according to preliminary estimates. It is the highest growth rate since the last three months of 2007.

The UK economy advanced 0.8 percent on quarter in the three months to June, the same growth rate recorded in the previous period, driven by the services sector. Preliminary estimates showed the economy is now 0.2 percent bigger than in the first quarter of 2008, its previous peak.

In the three months to May 2014, the UK’s jobless rate fell to 6.5 percent from 6.6 percent in the previous period, the lowest since late 2008. While employment continued to rise, pay growth increased less than expected.

The UK annual inflation rate accelerated to 1.9 percent in June of 2014 from 1.5 percent in the previous month. It is the highest rate since January this year, driven by a rise in prices of clothing, food and non-alcoholic drinks and air transport.

At its July 10th meeting, the Monetary Policy Committee of the Bank of England left the bank rate at 0.5 percent and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

UK’s trade gap on goods and services increased to £2.42 billion in May of 2014, from a revised £2.05 billion in April. It is the highest shortfall in four months, due to a surge in imports of aircrafts.

The UK economy expanded 3 percent year-on-year in the first quarter of 2014, slightly down from a preliminary 3.1 percent estimate, as government spending and investment grew less than anticipated.

The British economy expanded 0.8 percent in the first quarter of 2014, according to final figures and unchanged from the previous estimates, driven by business investment. Year-on-year, the GDP advanced 3 percent, slightly down from a preliminary 3.1 percent estimate.

Minutes of June's monetary policy meeting showed the Bank of England could raise rates before the end of this year. Although slack estimations remain unchanged, policymakers said they were uncertain and found it somewhat surprising that markets attached only a relatively low probability of a Bank Rate increase this year.

The UK annual inflation rate slowed to 1.5 percent in May of 2014 from 1.8 percent in the previous month, due to a fall in food prices and cost for air and sea fares. It is the lowest rate since October of 2009.

On June 12th, during the annual Mansion House speech, Mark Carney said the Bank of England could raise interest rates from a record low earlier than expected as the mounting debt related to the housing market could undermine stability.

In the three months to April 2014, the UK jobless rate decreased to 6.6 percent from 6.8 percent in the previous period. It is the lowest rate since early 2009 as employment surged.

UK's trade gap on goods and services increased to £2.5 billion in April 2014, compared with £1.1 billion in March 2014, as exports to countries outside the European Union declined and imports grew slightly.

At its June 5th, 2014 meeting, the Monetary Policy Committee of the Bank of England left the bank rate at 0.5 percent and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

The UK economy expanded 3.1 percent year-on-year in the first quarter of 2014, in line with expectations and unchanged from the preliminary estimate.

UK GDP advanced 0.8 percent in the first quarter of 2014, unrevised from last month's preliminary estimate. While production, construction and services expanded on the quarter, agriculture shrank by 0.7 percent.

UK consumer prices rose to an annual 1.8 percent in April of 2014, up from 1.6 percent in the previous month, driven by higher traveling cost during the Easter holidays.

BoE’s Governor Mark Carney said the central bank is in no rush to raise interest rates, suggesting it will wait until next year to tight monetary policy. While the economy has edged closer to the point at which bank rate will need gradually to rise, policymakers consider there is scope to make further inroads into slack before the first increase in Bank Rate is necessary.

In the three months to March 2014, the UK jobless rate decreased to 6.8 percent from 6.9 percent in the previous period. Increases in employment were mainly due to more self-employed people and pay growth rose more than inflation for the first time since 2010.

UK trade gap declined to £1.3 billion in March, compared with a deficit of £1.7 billion in the previous month as exports grew more than imports.

At its May 8th, 2014 meeting, the Monetary Policy Committee voted to maintain the bank rate at 0.5 percent and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

The UK economy expanded 3.1 percent year-on-year in the first three months of 2014, up from a 2.7 percent expansion in the previous quarter. Preliminary estimates showed the economy accelerated for the fifth straight quarter.

UK’s GDP advanced 0.8 percent in the first three months of 2014, marking a fifth straight quarter of economic expansion. While manufacturing and services climbed 1.3 percent and 0.9 percent respectively, agriculture and mining were down.

In the three months to February of 2014, UK jobless rate fell to 6.9 percent, down from 7.2 percent in the previous period. Pay growth rose 1.7 percent and caught up with inflation for the first time in nearly four years.

UK annual consumer prices fell to its lowest in over four year in March of 2014. The inflation rate decelerated for the sixth consecutive month to 1.6 percent, down from 1.7 percent in February, due to lower fuel, clothing and furniture prices.

At its April 10th, 2014 meeting, Bank of England decided to leave the benchmark interest rate on hold at 0.5 percent and the size of its asset purchase programme unchanged at £375 billion, as widely expected.

Britain’s goods and services trade gap decreased to £ 2.06 billion in February of 2014, down from a revised £ 2.2 billion deficit in the previous month, as both exports and imports fell.

The UK GDP expanded at its fastest pace in three years in 2013. Final estimates showed the economy advanced 1.7 percent, compared with a meager 0.3 percent expansion in 2012. Between Q4 2012 and Q4 2013, the GDP increased by 2.7 percent, unrevised from the previous estimate.

UK economy advanced 0.7 percent quarter on quarter in the last three months of 2013, in line with previous estimates. Full-year GDP growth in 2013 was revised down to 1.7 percent from 1.8 percent recorded earlier.

In February of 2014, UK’s annual consumer prices eased to 1.7 percent, the lowest rate since October of 2009, dipping further below the Bank of England's target. The biggest downward contribution was transport cost, mainly fuel prices, which showed its biggest drop since September 2009.

In the three months to January of 2014, UK jobless rate remained unchanged at 7.2 percent, after rising to that level in the three months to December of 2013. Claimant count decreased more than expected and average weekly earnings picked up.

UK’s trade deficit increased sharply to £ 2.56 billion in January of 2014, compared with a £ 1.45 billion gap a year earlier and a revised £ 0.66 billion deficit in December of 2013. Exports of goods and services fell to a 14-month low hurt by lower sales of aircraft and chemicals.

The Bank of England’s Monetary Policy Committee decided on March 6th 2014 to maintain the bank rate on hold at 0.5 percent, as widely expected. The stock of asset purchases was also left unchanged at 375 billion pounds.

In the fourth quarter of 2013, UK's economy expanded 2.7 percent over a year earlier, revised down 0.1 percentage points from the previously estimated 2.8 percent increase. For full 2013, the economy advanced 1.8 percent, revised down 0.1 percentage points from the previously estimated 1.9 percent increase.

UK's GDP rose 0.7 percent on a quarter-on-quarter basis in the last three months of 2013, matching initial estimates and recording its fourth consecutive quarter of growth. Compared with the same quarter of 2012, the GDP expanded 2.7 percent, revised down 0.1 percentage points from the previously estimated 2.8 percent increase.

In the three months to December of 2013, UK’s jobless rate surprisingly rose to 7.2 percent, after falling to 7.1 percent from September to November. In the same period, unemployment fell by 125K to 2.34 million and both youth and long-term unemployment rate declined.

UK’s inflation rate fell for the first time in more than four years below the Bank of England's target level. The CPI rose by an annual 1.9 percent in January of 2014, down from 2 percent in December.

The Bank of England Governor Mark Carney, on February 12th, pledged the Bank would no longer tie its future policy decisions to any particular economic indicator and hinted that interest rates may need to start rising in 2015.

UK's trade deficit shrank to its lowest since July of 2012 in December of 2013 boosted by a jump in exports of oil, chemicals and aircraft and a fall in imports of aircraft and ships.

The Bank of England’s Monetary Policy Committee voted on February 6th to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

Preliminary estimates showed the UK's economy advanced 2.8 percent yoy in the last quarter of 2013, up from 1.9 percent in the previous period. It is the highest growth rate since the first three months of 2008.

In the fourth quarter of 2013, UK's GDP grew 0.7 percent over the previous quarter, boosted by the services sector. Though matching market expectations, preliminary estimates showed the economy slowed in the last three months of 2013 from a 0.8 percent growth rate recorded in the previous two quarters.

UK's jobless rate fell sharply to 7.1 percent in September to November of 2013, beating market expectations. The unemployment rate is down 0.3 percentage points from September to November of 2013 and down 0.6 from a year earlier.

In December of 2013, UK inflation rate decelerated to 2 percent from 2.1 percent in the previous month and reached Bank of England's target level. This is the first time that the CPI has been at or below the target since November of 2009, when the index stood at 1.9 percent. On a monthly basis, prices slowed to 0.4 percent from 0.5 percent in November.

In its January 9th meeting, the Bank of England Monetary Policy Committee decided to maintain the stock of asset purchases unchanged at 375 billion pounds, as widely expected. The official Bank Rate paid on commercial bank reserves was also kept at 0.5 percent.

In November, deficit on trade in goods and services was estimated to have been £3.2 billion in November 2013, compared with a deficit of £3.5 billion in October. There was a deficit of £9.4 billion on goods, partly offset by an estimated surplus of £6.2 billion on services.

In the third quarter of 2013, the final reading for the UK quarter-on-quarter GDP growth was confirmed at 0.8 percent. Second quarter growth was revised up to 0.8 percent and the third quarter annual rate was also revised upwards, from 1.5 percent to 1.9 percent.

In the third quarter of 2013, UK’s GDP growth was revised to a final reading of 1.9 percent year-on-on-year, up from an earlier estimate of 1.5 percent. Later data for expenditure, in particular household final consumption expenditure, has led to upward revisions for GDP since Q1 2012. Quarter-on-quarter, GDP growth was confirmed at 0.8 percent.

UK's jobless rate fell to 7.4 percent in August to October of 2013, the lowest rate since March of 2009. The unemployment rate is down 0.3 percentage points from May to July of 2013 and down 0.5 from a year earlier.

In November of 2013, UK's annual inflation rate slowed for the second straight month to 2.1 percent, the lowest rate since November of 2009. The largest contributions to the fall came from food and the utilities (gas and electricity), which were partially offset by upward pressures from the transport sector and from some aspects of recreation and culture.

Seasonally adjusted, the UK's deficit on trade in goods and services was estimated to have been £2.6 billion in October 2013, unchanged from the revised September 2013 estimate. Both exports and imports decreased slightly to £41.35 billion and £43.97 billion.

At its December 5th meeting, the Bank of England Monetary Policy Committee decided to leave its bond-buying programme unchanged at 375 billion pounds, as widely expected. The official Bank Rate paid on commercial bank reserves was also kept at 0.5 percent.

In the third quarter of 2013, UK’s annual GDP growth rate was confirmed at 1.5 percent, up from 1.3 percent in the previous quarter. Construction and services contributed to the growth rate, almost all industrial sectors contracted over a year earlier.

In Q3, United Kingdom GDP growth accelerated to 0.8 percent quarter-on-quarter, up from 0.7 percent in the previous three-month period and matching the initial estimate. While production in manufacturing, construction and services boosted the expansion, electricity and agriculture shrank.

UK’s jobless rate for July to September 2013 was reported at 7.6 percent of the economically active population, down 0.2 percentage points from April to June 2013 and from a year earlier. It is the lowest rate since March of 2009.

In October, UK’s consumer prices index (CPI) grew by 2.2 percent, down from 2.7 percent in September. The largest contributions to the fall in the rate came from the transport (notably motor fuels) and education (tuition fees) sectors.

In September, UK’s trade deficit in goods and services was £3.268 billion, compared with a deficit of £-3.252 billion in August. It is the widest deficit in 13 months.

In its November 7th meeting, the Bank of England’s Monetary Policy Committee decided to leave its benchmark interest rate at a record low of 0.5 percent, as expected. The Committee also decided to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.

In Q3, United Kingdom GDP growth accelerated to 0.8 percent quarter-on-quarter, up from 0.6 percent in the second quarter of 2013 and in line with expectations. Output increased in all main industrial groups and at its fastest pace in more than three years.

In the second quarter of 2013, UK’s GDP growth was reported at 1.5 percent on an annual basis, driven by the construction and services sectors. It is the strongest year-on-year GDP growth since first quarter of 2011.

UK's unemployment rate for June to August 2013 was 7.7 percent of the economically active population, unchanged from the previous month and down 0.1 percentage points from March to May 2013. Youth unemployment was unchanged at 21.0 percent.

In September, UK's Consumer Prices Index grew by 2.7 percent year-on-year, unchanged from August. The largest upward contribution came from air fares, though this was offset by a downward contribution from petrol and diesel prices.

In its October 9th meeting, the Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.

In August, UK’s deficit on trade in goods and services was estimated to have been £3.3 billion, compared with a deficit of £3.4 billion in July. There was a deficit of £9.6 billion on goods, partly offset by an estimated surplus of £6.3 billion on services.

In Q2, United Kingdom's economy expanded 1.3 percent year-on-year, revised down by 0.2 percentage points. Growth was driven by services output which has increased on an annual basis in every quarter since Q2 2010, whereas production output has been contracting on the same basis in each quarter since Q2 2011.

UK's gross domestic product increased by 0.7 percent between Q1 2013 and Q2 2013, unrevised from the previous estimate. The increase was broad based, with all three major industry groups, services, production and construction making positive contributions.

In August, UK's Consumer Prices Index grew by 2.7 percent year-on-year, down from 2.8 percent in July. The largest contributions to the slowdown came from the transport and clothing sectors, partially offset by an upward contribution from furniture, household equipment and maintenance.

UK unemployment rate for May to July 2013 was 7.7 percent of the economically active population, down 0.1 percentage points from the previous period. Youth unemployment was registered at 21.0 percent in July, down from 21.6 percent in the previous month.

In July, UK's seasonally adjusted deficit on trade in goods and services was estimated to have been £3.1 billion, compared with a gap of £1.3 billion in June. The deficit of £9.9 billion on goods was partly offset by an estimated surplus of £6.8 billion on services.

In its September 5th meeting, the Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Bank also announced it will reinvest the £1.9 billion of cash flows associated with the redemption of the September 2013 gilt held in the Asset Purchase Facility.

In Q2, UK's GDP in volume terms increased by 1.5 percent when comparing with Q2 of 2012, revised up by 0.1 percentage points from the previously published estimate. Growth was driven by services which increased 2.1 percent.

In Q2, UK's Gross Domestic Product grew by 0.7 percent, an upward revision of 0.1 percentage points from the previous estimate, and following growth of 0.3 percent in Q1 2013. The service sector continued to support growth, rising 0.6 percent and contributing 0.5 percentage points to GDP growth.

UK unemployment rate for April to June 2013 was 7.8 percent of the economically active population, unchanged from January to March 2013. Youth unemployment was registered at 21.6 percent in the same period.

In July, UK's Consumer Prices Index grew by 2.8 percent on the year, down from 2.9 percent in June. While prices of air fares, recreation and culture, and clothing and footwear declined, cost of petrol and diesel increased.

UK trade deficit shrank more than expected in June to its lowest level since January of 2013 as exports reached a new high.

In it August 1st meeting, the Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.

In Q2, UK's GDP was 1.4 percent higher compared with the same quarter a year ago, driven by the services sector which expanded 2.2 percent. It is the strongest yearly growth rate since Q1 of 2011.

UK GDP grew by 0.6 percent in the second quarter from the previous three months, in line with expectations and double the 0.3 percent expansion in Q1. While services were the biggest contributor to the growth; agriculture, production and construction also expanded during the period.

Recent data updates for U.K. show economy is picking up speed. In the second quarter, GDP growth accelerated to 0.6 percent qoq and 1.4 percent yoy. More importantly, both consumer and business confidence have been on an upward trend and new governor of the Bank of England confirmed that monetary policy will remain loose for some time and new measures will be undertaken to support growth.

UK unemployment rate for March to May 2013 was 7.8 percent, unchanged from the previous period. There were 2.51 million unemployed people, down 57,000 from December 2012 to February 2013. Youth unemployment rose to 20.9 percent.

In June, UK annual inflation rate increased by 2.9 percent, up from 2.7 percent in May. The rise in petrol and clothing prices was partially offset by lower cost of airfares and food prices.

UK’s seasonally adjusted deficit on trade in goods and services was estimated to have been £2.4 billion in May, compared with a deficit of £2.1 billion in April. Volumes of both exports and imports of goods have recovered slightly from the low levels at the beginning of 2013.

In its July meeting, the Bank of England’s MPC voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5% and the stock of asset purchases financed by the issuance of central bank reserves at £375 billion. Yet, in spite of some signs of economic recovery, the new governor signaled that the Bank will keep interest rates at a record low for longer than investors had expected.

In Q1 of 2013, UK gross domestic product increased 0.3 percent qoq, unrevised from the previous publication. GDP growth between Q4 2011 and Q1 2012 was revised from a fall of 0.1 percent to flat meaning Britain's economy did not suffer a double-dip recession as previously reported. GDP is estimated to be 3.9 percent lower than the pre-financial crisis peak in Q1 of 2008.

In the first quarter of 2013, United Kingdom's year-on-year GDP growth estimate was unexpectedly halved to 0.3 percent. In the previous quarter the economy expanded 0.2 percent. Households' saving ratio was estimated to be 4.2 percent in Q1 of 2013, the weakest since Q1 of 2009 when it was 3.4 percent.

In May, UK Consumer Prices Index grew by 2.7 percent yoy, up from 2.4 percent in April due to a record rise in air fares and higher fuel prices.

UK jobless rate for February to April 2013 was 7.8 percent of the economically active population, unchanged from November 2012 to January 2013. There were 2.51 million unemployed people, down 5,000 from November 2012 to January 2013. Youth unemployment was recorded at 20.5 percent.

Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £2.6 billion in April, compared with a deficit of £3.2 billion in March. The narrowing of the deficit in April is mainly due to the UK's trade in goods with the EU, particularly that it was estimated that imports from the EU fell by around £1.3 billion.

In its June 6th meeting, the Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.

In the first three months of 2013, UK economy finally started to grow. Yet, despite signs of rebound, economic climate remains weak. While feeble wage growth continues to undermine household's finances, uncertain international outlook is limiting business investment.

UK gross domestic product in volume terms was estimated to have increased by 0.3 percent between the fourth quarter of 2012 and the first quarter of 2013, unrevised from the previous publication.

United Kingdom GDP in volume terms expanded 0.6 percent year-on-year in the first quarter of 2013, unrevised from the first estimate. This is up from 0.2 percent growth in Q4 of 2012, according to a release by the Office for National Statistics.

The Consumer Prices Index showed that prices grew by 2.4 percent in the year to April 2013 – down from 2.8 percent in the year to March. This is the first time that the growth in inflation has slowed in the last six months, during which time inflation has remained fairly stable.

The unemployment rate was 7.8 percent of the economically active population, up 0.1 percentage points from October to December 2012 but down 0.4 from a year earlier. There were 2.52 million unemployed people, up 15,000 from October to December 2012 but down 92,000 from a year earlier.

Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £3.1 billion in March, compared with a deficit of £3.4 billion in February. There was a deficit of £9.1 billion on goods, partly offset by an estimated surplus of £5.9 billion on services.

The Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.

United Kingdom GDP in volume terms expanded 0.6 percent year-on-year in the first quarter of 2013. This is up from 0.2 percent growth in Q4 of 2012, according to a release by the Office for National Statistics

United Kingdom GDP increased by 0.3 percent in Q1 2013 compared with Q4 2012. GDP was 0.4 percent higher in Q1 2013 than in Q3 2011 and therefore has been broadly flat over the last 18 months.

The number of unemployed people rose by 70,000 between September to November 2012 and December 2012 to February 2013 and there were 2.56 million unemployed people. However there were 71,000 fewer unemployed people compared with a year earlier. The unemployment rate was 7.9% of the economically active population for December 2012 to February 2013. Unemployment is four percentage points lower than the peak of 11.9% seen in the mid-1980s.

The Consumer Prices Index grew by 2.8 percent in the year to March 2013, unchanged from February. CPI remained broadly flat through the second half of 2012 and into 2013 following a number of years of large increases and decreases. Over the last six months, the CPI 12-month rate has been particularly stable, standing at 2.7 percent for four months followed by 2.8 percent for February and March 2013.

According to the Office for National Statistics, UK’s deficit on trade in goods and services was estimated to have been £3.6 billion in February, compared with a deficit of £2.5 billion in January. There was a deficit of £9.4 billion on goods, partly offset by an estimated surplus of £5.8 billion on services.

The Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.

The U.K. economy contracted 0.3 percent quarter-on-quarter in the fourth quarter, unrevised from the previous estimate, the latest figures from the Office for National Statistics showed.

GDP in volume terms increased by 0.2 percent year-on-year. The growth between the fourth quarter 2011 and the fourth quarter 2012 was revised down by 0.1 percentage points to growth of 0.2 percent. Despite this increase, output remains 2.9 percent lower than its pre-recession peak in the first quarter of 2008.

Recent updates for the United Kingdom are showing that the road to recovery may be bumpy. In the first three months of 2013, the GDP expanded 0.3 percent quarter-on-quarter and 0.6 year-on-year. The rise was driven by the services sector growth and a bounce-back in North Sea oil and gas output.

The number of unemployed people rose by 7,000 comparing November 2012 to January 2013 with the previous period. The unemployment rate was 7.8 percent of the economically active population for November 2012 to January 2013. This was unchanged from August to October 2012 but down 0.5 percentage points from a year earlier.

The headline rate of inflation rose to 2.8 percent following four consecutive months when it stood at 2.7 percent. The Consumer Prices Index showed that prices grew by 2.8 percent in the year to February 2013. Although up on the 2.7 percent recorded in each of October 2012 to January 2013, this continues the trend of, broadly, consistent inflation that has been seen since spring 2012.

Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £2.4 billion in January, compared with a deficit of £2.8 billion in December. Lowest value of goods imports since April 2011.

The Bank of England’s Monetary Policy Committee voted in March to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.

Recent updates for the United Kingdom are showing that the recovery is still out of reach.

The U.K. economy contracted 0.3 percent quarter-on-quarter in the fourth quarter, unrevised from the previous estimate, the latest figures from the Office for National Statistics showed.

The unemployment rate was 7.8 percent of the economically active population, down 0.1 percentage points on July to September 2012 and down 0.6 on a year earlier. There were 2.50 million unemployed people, down 14,000 on July to September 2012 and down 156,000 on a year earlier.

The Consumer Prices Index annual inflation grew by 2.7 percent in January of 2013, unchanged for the fourth month in a row. This is the longest period for which the CPI growth has remained unchanged.

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.

Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £3.2 billion in December, compared with a deficit of £3.6 billion in November. However, despite erratic changes in the deficit over the last 12 months, the level across that period has remained largely flat.

GDP was estimated to have decreased by 0.3 percent in Q4 2012 compared with Q3 2012 and to have been flat in Q4 2012, when compared with Q4 2011. GDP is estimated to have been flat between 2011 and 2012.

The unemployment rate for September to November 2012 was 7.7% of the economically active population, down 0.1 from June to August 2012. There were 2.49 million unemployed people, down 37 000 from June to August 2012.

The Consumer Prices Index annual inflation stands at 2.7 per cent in December of 2012, unchanged from November according to a release from the Office for National Statistics.

Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion.

Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £3.5 billion in November, compared with a deficit of £3.7 billion in October.

The UK economy grew by 0.9 per cent in the third quarter of 2012, following three consecutive quarters of negative growth. Despite being revised down by 0.1 percentage points from the previous estimate, the latest quarterly growth rate remains the strongest since the third quarter of 2007.

The Consumer Prices Index annual inflation stands at 2.7 per cent in November 2012, unchanged from October according to a release from the Office for National Statistics.

The employment rate for those aged from 16 to 64 was 71.2 per cent, up 0.1 on the quarter and up 0.9 on a year earlier. There were 29.60 million people in employment aged 16 and over, up 499,000 on the quarter.

Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion.

The United Kingdom’s deficit on trade in goods and services widened to £3.6 billion in October, up from £2.5 billion in August.

The employment rate for those aged from 16 to 64 was 71.2 percent, up 0.2 on the quarter. There were 29.58 million people in employment aged 16 and over, up 100,000 on the quarter.

U.K. CPI annual inflation stands at 2.7 percent in October, down from 2.5 percent in September.

The United Kingdom’s deficit on trade in goods and services narrowed to £2.7 billion in September, up from £4.2 billion in August.

Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion.

After three consecutive periods of falling gross domestic product (GDP), the UK's economy grew by 1 per cent during the third quarter of 2012.

The employment rate in the U.K. for those aged from 16 to 64 was 71.3 percent, up 0.5 on the quarter. There were 29.59 million people in employment aged 16 and over, up 212,000 on the quarter.

U.K. CPI annual inflation stands at 2.2 percent in September, down from 2.5 percent in August.

The United Kingdom’s deficit on trade in goods and services widened to £4.2 billion in August, up from £1.7 billion in July.

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £375 million, financed by the issuance of central bank reserves.

U.K. CPI annual inflation stands at 2.5 per cent in August, down from 2.6 per cent in July.

The employment rate for those aged from 16 to 64 was 71.2 per cent, up 0.5 on the quarter. There were 29.56 million people in employment aged 16 and over, up 236,000 on the quarter.

The United Kingdom's deficit in Trade in Goods and Services narrowed to £1.5 billion in July, down from £4.3 billion in June.

The Bank of England’s Monetary Policy Committee on September 6th voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £375 billion, financed by the issuance of central bank reserves.

UK gross domestic product (GDP) in volume terms decreased by 0.5 per cent in the second quarter of 2012, revised from the previously estimated 0.7 per cent decline.

The UK’s deficit on trade in goods and services increased to £4.3 billion in June, up £1.6 billion from £2.7 billion in May.

The Bank of England’s Monetary Policy Committee voted on August 2nd, to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £375 billion, financed by the issuance of central bank reserves.

U.K. Gross Domestic Product decreased by 0.7 per cent in the second quarter of 2012. The most significant contribution to this fall came from the construction sector; there was, however, also weakness in both the production and services sectors.

U.K. unemployment rate was 8.1 per cent of the economically active population, down 0.2 on the quarter. There were 2.58 million unemployed people, down 65,000 on the quarter.

U.K. CPI annual inflation stands at 2.4 per cent in June 2012, down from 2.8 per cent in May. This is the third month in a row that the annual rate has fallen. It is now at its lowest since November 2009, when it was 1.9 per cent.

The UK’s deficit in Trade in Goods and Services narrowed by £1.4 billion to £2.7 billion in May, compared with April.

The Bank of England’s Monetary Policy Committee voted on July 5th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £50 billion to a total of £375 billion.

The UK’s deficit on seasonally adjusted trade in goods and services was £4.4 billion in April, compared with a deficit of £3.0 billion in March.

UK CPI annual inflation stands at 3.0 per cent in April 2012, down from 3.5 per cent in March. The timing of Easter had a significant impact on the April data.

The unemployment rate was 8.2 per cent of the economically active population for January-March 2012, down 0.2 on the quarter. There were 2.63 million unemployed people, down 45,000 on the quarter.

The UK’s deficit in Trade in Goods and Services narrowed to £2.7 billion in March, down £0.2 billion from £2.9 billion in February.

The Bank of England’s Monetary Policy Committee voted on May 10th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £325 billion.

U.K. Gross Domestic Product (GDP) decreased by 0.2 per cent in the first quarter of 2012, driven by weakness in the construction sector and the production sector.

UK CPI annual inflation stands at 3.5 per cent in March 2012, up from 3.4 per cent in February. The CPI stands at 122.2 in March 2012 based on 2005 = 100.

The UK’s deficit in Trade in Goods and Services increased to £3.4 billion in February, up £0.9 billion from £2.5 billion in January.

The Bank of England’s Monetary Policy Committee voted on April 5th, to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £325 billion financed by the issuance of central bank reserves.

UK gross domestic product (GDP) in volume terms decreased by 0.3 per cent in the fourth quarter of 2011, revised from a decline of 0.2 per cent previously estimated. For the year 2011, GDP in volume terms increased by 0.7 per cent.

UK annual inflation stands at 3.4 per cent in February 2012, down from 3.6 per cent in January. The annual rate for February is the lowest since November 2010. The CPI stands at 121.8 in February 2012 based on 2005 = 100

The UK’s deficit on seasonally adjusted trade in goods and services was £1.8 billion in January, compared with the deficit of £1.2 billion in December.

The Bank of England’s Monetary Policy Committee voted on March 8th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £325 billion financed by the issuance of central bank reserves.

U.K. unemployment rate was 8.4 per cent of the economically active population, up 0.1 on the quarter. There were 2.67 million unemployed people, up 48,000 on the quarter. The unemployment rate has not been higher since 1995.

U.K. prices rose at an annual rate of 3.6% in January, official figures show, slower than the 4.2% rate recorded the month earlier.

The UK’s deficit in Trade in Goods and Services decreased to £1.1 billion in December, from £2.8 billion in November. This is the narrowest monthly trade in goods and services deficit since April 2003.

The Bank of England’s Monetary Policy Committee voted on February 9th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £50 billion to a total of £325 billion.

UK GDP for the fourth quarter of 2011 dropped by 0.2%, a worse than expected figure that will heighten fears of a double-dip recession.

U.K. CPI annual inflation stands at 4.2 per cent in December 2011, down from 4.8 per cent in November.

The Bank of England’s Monetary Policy Committee voted on January 12t to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £275 billion financed by the issuance of central bank reserves.

The UK’s deficit in Trade in Goods and Services increased to £2.6 billion in November, up from £1.9 billion in October.

The UK economy bounced back between July and September with stronger than expected growth of 0.6% after it ground to a halt in the second quarter, the Office for National Statistics said on December 22.

The UK’s deficit in Trade in Goods and Services decreased to £1.6 billion in October, down from £4.3 billion in September. This is the smallest deficit since April 2011, when the deficit was £1.5 billion.

The Bank of England’s Monetary Policy Committee voted on December 8th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £275 billion financed by the issuance of central bank reserves.

U.K. annual inflation stands at 5.0 per cent in October 2011, down from 5.2 per cent in September.

The Bank of England’s Monetary Policy Committee voted on November 11, to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totaling £275 billion financed by the issuance of central bank reserves.

The UK’s deficit on seasonally adjusted trade in goods and services was £3.9 billion in September compared with the deficit of £2.7 billion in August.

UK Gross Domestic Product rose by 0.5 per cent in the third quarter of 2011, driven by strength in the Services sector and the Production sector. The Construction sector showed a small decline.

CPI annual inflation stands at 5.2 per cent, up from 4.5 per cent in August. CPI annual inflation has never been higher but was also 5.2 per cent in September 2008.

The UK’s deficit on seasonally adjusted trade in goods and services fell to £1.9 billion in August from £2.3 billion in July.

The Bank of England’s Monetary Policy Committee voted on October 2011 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £75 billion to a total of £275 billion.

UK gross domestic product (GDP) in volume terms increased by 0.1 per cent in the second quarter of 2011.

The UK’s seasonally adjusted deficit on trade in goods and services was £4.5 billion in July, virtually unchanged compared with June.

U.K. inflation accelerated in August as the end of seasonal discounts boosted prices for items such as clothes and furniture.

The Bank of England’s Monetary Policy Committee voted on September 8 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.

U.K. inflation rate accelerated to 4.4% in July from 4.2% in June, forcing Bank of England Governor Mervyn King to write the third letter this year explaining why the rate is above the bank's target over the last three months.

The UK’s deficit on trade in goods and services was £4.5 billion in June, compared with a deficit of £4.0 billion in May, (originally published as a deficit of £4.1 billion).

The Bank of England’s Monetary Policy Committee decided on August 4 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.

The chained volume measure of gross domestic product increased 0.2 per cent in the second quarter of 2011, following positive growth of 0.5 per cent in the previous quarter.

The UK’s seasonally adjusted deficit on trade in goods and services was £4.1 billion in May, compared with the deficit of £3.1 billion in April.

U.K. consumer price index posted its first June decline in eight years, as high street sales on electronic goods, computer games and toys brought price rises down.

The Bank of England, held its key bank rate unchanged as fears about the economy’s ability to pull out of a slowdown in the face of austerity measures outweighed concerns about above-target inflation.

U.K. unemployment rate for the three months to April 2011 was 7.7 per cent of the economically active population, down 0.3 on the quarter. The total number of unemployed people fell by 88,000 over the quarter to reach 2.43 million. This is the largest quarterly fall in unemployment since the three months to August 2000.

U.K. CPI annual inflation stands at 4.5 per cent, unchanged from April. Although unchanged overall, there were significant upward and downward pressures on CPI annual inflation between April and May.

The UK’s seasonally adjusted deficit on trade in goods and services was £2.8 billion in April, unchanged from the March figure.

The Bank of England’s Monetary Policy Committee voted on June 9 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.

The unemployment rate for the three months to March 2011 was 7.7 per cent of the economically active population, down 0.1 on the quarter.

United Kingdom CPI annual inflation stands at 4.5 per cent, up from 4.0 per cent in March. The timing of Easter 2011 had a significant impact on these data.

The UK’s seasonally adjusted deficit on trade in goods and services was £3.0 billion in March, compared with the deficit of £2.7 billion in February.

The Bank of England’s Monetary Policy Committee voted on May 5 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.

United Kingdom GDP rose by 0.5 per cent in the first quarter of 2011, following a fall of 0.5 per cent in the fourth quarter of 2010. GDP increased 1.8 per cent in 2011 Q1 compared with 2010 Q1.

UK unemployment rate for the three months to February 2011 was 7.8 per cent of the economically active population, down 0.1 on the quarter. The total number of unemployed people fell by 17,000 over the quarter to reach 2.48 millio

The UK’s deficit on trade in goods and services was £2.4 billion in February, compared with a deficit of £3.9 billion in January, (originally published as a deficit of £3.0 billion).

UK annual inflation – the Government’s target measure – was 4.0 per cent in March, down from 4.4 per cent in February.

The Bank of England’s Monetary Policy Committee voted on April 7 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.

UK GDP growth contracted by 0.5 per cent in the fourth quarter of 2010, revised from a fall of 0.6 per cent previously published. GDP in the fourth quarter of 2010 is now 1.5 per cent higher than the fourth quarter of 2009.

The UK annual rate of inflation has risen to 4.4%, up from 4% in January as higher food, fuel and clothing costs drove the prices to the highest level for more than two years.

UK unemployment rate for the three months to January 2011 was 8.0 per cent of the economically active population, up 0.1 on the quarter. The total number of unemployed people increased by 27,000 over the quarter to reach 2.53 million, the highest figure since 1994.

The Bank of England’s Monetary Policy Committee voted on March 10 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.

The UK’s deficit on trade in goods and services was £3.0 billion in January, compared with a deficit of £5.5 billion in December, (originally published as a deficit of £4.8 billion).

UK Gross domestic product contracted by 0.6 per cent in the fourth quarter of 2010, revised down from the previously estimated fall of 0.5 per cent. GDP in the fourth quarter of 2010 is now 1.5 per cent higher than the fourth quarter of 2009.

The UK Consumer Prices Index rose to 4% in January, up from 3.7% in December, as the effects of the VAT rise were felt and price of crude oil increased.

The Bank of England’s Monetary Policy Committee voted on February 10 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.

The UK’s seasonally adjusted deficit on trade in goods and services was £4.8 billion in December, compared with the deficit of £3.9 billion in November.

UK Gross Domestic Product decreased by 0.5 per cent in the fourth quarter of 2010, compared with an increase of 0.7 per cent in the previous quarter.

UK unemployment rate for the three months to November 2010 was 7.9 per cent, up 0.2 on the quarter. The total number of unemployed people increased by 49,000 over the quarter to reach 2.50 million.

United Kingdom's Consumer Price Inflation (CPI) rose to an annual rate of 3.7% in December, up from 3.3% in November.

The Bank of England’s Monetary Policy Committee voted on January 12 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.

The UK’s deficit on trade in goods and services was £4.1 billion in November, compared with a deficit of £4.0 billion in October (originally published as a deficit of £3.9 billion).

UK gross domestic product (GDP) in volume terms rose by 0.7 per cent compared with the previous quarter, revised down from the 0.8 per cent rise published in November. GDP in volume terms fell by 4.9 per cent during 2009, revised up from the 5.0 per cent fall previously published.

UK annual inflation increased to 3.3 per cent in November, up from 3.2 per cent in October.

The UK’s deficit on trade in goods and services was £3.9 billion in October, compared with a deficit of £3.8 billion in September (originally published as a deficit of £4.6 billion).

Bank of England kept bank rate at 0.5% and the size of the Asset Purchase Programme at £200 Billion on December 9.

The number of people claiming the UK’s main unemployment benefit fell unexpectedly in October as record levels of part-time working continued to boost the number of people in jobs.

Higher fuel prices, more expensive computer games and increasing bank charges pushed inflation higher in the United Kingdom in October, according to the Office for National Statistics.

The U.K. trade deficit narrowed slightly in September as exports rose by more than imports, in a tentative sign that sterling's weakness may finally be starting to boost demand for U.K.-produced goods.

The Bank of England’s monetary policy committee voted on November 4 to maintain its key rate at the 0.5 per cent level and to keep its £200bn programme of quantitative easing through gilt purchases on hold.

The U.K.'s inflation rate held steady at more than one percentage point above the Bank of England's target for a ninth consecutive month in September, official data showed.

UK Gross Domestic Product (GDP) increased 0.8% in the third quarter of 2010, according to the Office for National Statistics, compared with an increase of 1.2% in the previous quarter.

Britain's unemployment rate stood at 7.8% in the three months to the end of July, unchanged from the level in the three months to June, official figures showed today.

UK Consumer Prices Index (CPI) remained unchanged in August at 3.1%, according to the Office for National Statistics (ONS).

The UK's goods trade deficit widened to a record high in July after imports rose sharply and exports fell from the previous month, figures show.

The UK economy grew slightly faster than initially thought in the second quarter, expanding by 1.2 per cent rather than the 1.1 per cent first estimated.

UK inflation eased to 3.1% in July from 3.2% in June, the third month in a row that prices have risen more slowly.

The U.K.’s trade deficit narrowed more than economists forecast in June as exports rose to a two- year high.

The Bank of England kept its bond- stimulus plan in place and left its benchmark interest rate at a record low as officials sustained emergency aid for the economy during the biggest budget squeeze since World War II.

Britain's economy grew by 1.1 percent in the second quarter, the Office for National Statistics said, surprising markets that had expected more modest expansion.

U.K. inflation slowed less than economists forecast in June as higher costs of goods from fuel to food kept the rate of price increases above the government’s 3 percent limit.

The Bank of England kept its bond- stimulus plan in place and left its benchmark interest rate at a record low to help prevent the economic recovery from stalling during the biggest budget squeeze since World War II.

U.K. inflation slowed in May to 3.4 percent for the first time in three months as lower costs of items from food to transport eased price pressures in the economy.

The Bank of England kept its bond- stimulus program in place and left its benchmark interest rate at a record low to aid the economy as Prime Minister David Cameron prepares the biggest budget cuts since at least the early 1980s.

The U.K. trade deficit was broadly unchanged in April, defying expectations for a decline, as the value of exports and imports hurt by the volcanic eruption in Iceland.

This week, UK GDP growth for the first quarter of 2010 was revised up to 0.3%. And although this number may look encouraging it is very unlikely that this year British economy will record any significant recovery.

The U.K. economy grew more than previously estimated in the first quarter as rebounding investment and the biggest jump in manufacturing for four years strengthened the recovery.

UK inflation jumped in April to 3.7%, sharply higher than expected, prompting a letter of explanation from the governor of the Bank of England to the new chancellor George Osborne.

The U.K. trade deficit widened in March as imports jumped the most in six months, led by demand for goods from cars to engineering equipment.

U.K. unemployment climbed to 8 percent in the first quarter, underlining the fragility of the recovery as Conservative David Cameron begins his premiership.

The Bank of England kept interest rates at 0.5 percent and made no change to its asset purchase target, keeping in place stimulus measures designed to nurse the economy back to health.

The U.K. economy grew half as much as forecast in the first quarter, underscoring the fragility of the recovery as Prime Minister Gordon Brown struggles to convince voters that his party deserves a fourth term.

U.K. jobless claims fell more than forecast in March while a wider measure of unemployment climbed to a 16-year high.

The U.K.’s inflation rate jumped more than economists forecast in March, breaching the government’s upper limit for the second time this year after energy costs rose within weeks of the election.

The U.K. trade deficit narrowed more than economists forecast in February as exports jumped the most in seven years on record sales of chemicals.

The Bank of England kept its bond- purchase program unchanged for a third month as it tries to sustain the economy’s recovery from the deepest recession since World War II.

The U.K. economy emerged from recession in the fourth quarter at a faster pace than previously estimated, handing a boost for Prime Minister Gordon Brown with a general election weeks away.

The U.K.’s inflation rate dropped more than economists forecast in February as lower costs of items from toys to energy sapped price pressures in the economy.

The U.K.'s global goods trade deficit in January widened unexpectedly to its largest level since August 2008 due to a sharp drop in exports, data from the Office for National Statistics showed.

The Bank of England kept its bond- purchase program on hold for a second month as policy makers assessed whether the 200 billion pounds ($302 billion) spent so far is enough to prevent a relapse in the economy.

Britain emerged from recession at a faster pace than previously estimated in the fourth quarter, providing a boost for Prime Minister Gordon Brown as he prepares for a general election within weeks.

U.K. jobless claims unexpectedly jumped in January to the highest level since Tony Blair led the ruling Labour Party to power almost 13 years ago as the recession destroyed work at businesses from carmakers to banks.

U.K. inflation accelerated in January to the fastest pace in 14 months as an increase in sales tax pushed the rate high enough to prompt a public letter of explanation from Bank of England Governor Mervyn King.

The U.K. trade deficit swelled in December to the widest in almost a year as imports rose faster than exports.

The Bank of England paused its 200 billion-pound ($317 billion) bond-purchase plan and left open the option to buy more as officials gauge the health of the U.K.’s recovery.

In the fourth quarter of 2009, the United Kingdom economy expanded 0.1% qoq, finally emerging from the longest and deepest recession since the mid-1940s. Yet, the recent wave of optimism may be way exaggerated since recent growth is mainly supported by fiscal and monetary stimulus.

The U.K. economy crept back to growth in the fourth quarter of 2009, narrowly emerging from a deep recession that began in the second quarter of 2008.

U.K. unemployment fell at the fastest pace since April 2007 last month as the economy showed signs of emerging from its worst recession on record.

The U.K. inflation rate jumped in December by the most since records began in 1997, posing a challenge to policy makers as they consider when to start raising interest rates

UK exports in November jumped to the highest in 13 months, official figures have shown.

The Bank of England pledged to spend the rest of its 200 billion-pound ($318 billion) bond purchase program as policy makers sought to ensure the economy’s escape from the recession.

The U.K. economy shrank less than previously estimated in the third quarter as a jump in construction and fixed investment brought the longest recession on record closer to ending.

U.K. inflation rose more than economists forecast in November to the fastest pace in six months, driven by fuel and transport costs.

The Bank of England stuck to its plan to buy as much as 200 billion pounds ($326 billion) in bonds as officials seek to ensure the economy’s escape from the longest recession on record.

The U.K.'s trade deficit widened unexpectedly in October as the weaker pound failed to create a higher level of demand for export goods, data showed Wednesday.

The U.K. economy shrank less than previously estimated in the third quarter as consumer spending stopped falling and the service industries slump eased, bringing the longest recession on record closer to an end.

The U.K. inflation rate rose more than economists forecast in October, climbing for the first time in eight months as fuel costs and air fares climbed.

U.K. unemployment rose at the slowest pace in 18 months in October, bolstering government claims that efforts to lift the economy out of recession are working.

Britain’s trade deficit unexpectedly widened to an eight-month high in September as a surge in demand for cars helped imports rise at twice the pace of exports.

The Bank of England slowed the pace of bond purchases as signs of an economic recovery give policy makers scope to wind down their money-printing program next year.

In the third quarter of 2009, the British economy contracted 0.4% indicating the deepest and longest recession since the World War II. Yet, as gloomy the situation is, the UK government has some options left to revive growth.

The UK economy shrank by 0.4 per cent in the third quarter, indicating that the deepest recession in a generation is not yet over.

U.K. unemployment rose by the least in a year and fewer people signed on for jobless benefits than economists forecast as the recession eased.

The U.K. inflation rate dropped in September by more than economists forecast to the lowest in five years as the worst recession in a generation purged cost pressures throughout the economy.

The U.K. trade deficit unexpectedly widened in June, a sign the weakness of the pound has yet to benefit exporters as the global recession persists.

The Bank of England left interest rates at a record low of 0.5 percent for the seventh month running and said it would keep its 175 billion pound asset buying programme in place, as expected

British pound has been weakening despite improvements in activity indicators and rising global risk appetite. So, what is behind this downtrend and what does it mean for the British economy?

Strong external growth, better demand for housing and a drop in the pace of destocking indicate the recession in the United Kingdom may be coming to an end. Yet, at Trading Economics, we think that improvement in economic indicators doesn’t necessary mean the UK economy is out of the woods.

U.K. unemployment jumped to the highest level since 1995 as the recession destroyed work in industries from banking to construction.

The U.K. inflation rate dropped in August by less than economists forecast as higher oil costs offset the effects of the recession

The Bank of England plans to keep buying as much as 175 billion pounds ($290 bn) of assets to cement the economy’s recovery from the worst recession in a generation. The central bank also kept the benchmark interest rate at 0.5%.

The U.K. trade deficit was unchanged in July on the month earlier but exports and imports both recorded their largest increases since January 2008 in the latest sign that the global economy is improving.

Last month, the Bank of England decided to extend its quantitative easing monetary policy, increasing its size by £50bn to £175bn. However, with the British economy improving it is unlikely that this week the Governors vote to expand QE further. And although it is too early to make a full assessment of QE’s effectiveness at Trading Economics we think that its impact on the economy may be very limited.

The U.K. economy contracted less than previously estimated in the second quarter as manufacturing, auto services and government spending helped mitigate the biggest slump in business investment in 24 years.

The U.K. inflation rate unexpectedly held at 1.8 percent in July as the cost of computer games, DVDs and alcohol rose, a sign the economy is staving off deflation as the recession eases.

U.K. unemployment rose to the highest level in 14 years as companies continue to cut jobs even as the worst recession in at least a generation begins to ease

The U.K. trade deficit unexpectedly widened in June, a sign the weakness of the pound has yet to benefit exporters as the global recession persists.

Last week, the Bank of England has decided to extend its quantitative easing monetary policy, increasing its size by £50bn to £175bn. And although it is too early to make a full assessment of QE’s effectiveness at Trading Economics we think that its impact on the economy may be very limited.

The Bank of England expanded its bond purchase program beyond its original limit in an effort to spur lending and fight a recession that’s deeper than previously anticipated.

The U.K. economy shrank more than twice as much as economists forecast in Q2 as a record annual slump in construction, banking and business services kept Britain mired in the recession.

After five months of quantitative easing policy in the United Kingdom, it is likely the measure will be halted in the next few weeks. And although it is too early to make a full assessment of QE’s effectiveness, at Trading Economics we think that it could have had a better impact on the economy.

U.K. unemployment claims rose the least in a year in June, adding to evidence that the worst of the recession may have passed.

The U.K. inflation rate dropped in June below the Bank of England's 2 percent target for the first time since September 2007 as the recession sapped price pressures in the economy.

The U.K. trade deficit narrowed in May to the smallest in three years as imports dropped, a sign the recession and the weakness of the pound is hurting demand for foreign products.

The Bank of England stuck to its plan to buy bonds with 125 billion pounds ($202 billion) of newly printed money as officials assess whether the worst of Britain’s recession is over.

In the first quarter of 2009, the United Kingdom GDP felt by 4.9 per cent year-over-year, the steepest decline in record. Recently, the International Monetary Fund has raised its 2010 economic growth forecast for Britain. However, the United Kingdom still has a long way before it can achieve a sustainable recovery.

After cutting its benchmark interest rate by an unprecedented 4.5 percentage points to 0.5%, it is expected that the Bank of England will keep the rate unchanged at its July 9 meeting.

The UK economy shrank by the most in more than half a century in the first three months of the year, according to revised figures which were much weaker than originally estimated.

The number of jobless in the UK rose by 232,000 to 2.26m people in the three months to April, after a slight moderation in the rate of increase still brought unemployment to 7.2 per cent.

The UK’s deficit on trade in goods and services was £3.0 billion in April, compared with the deficit of £2.7 billion in March.

The Bank of England’s monetary policy committee voted on Thursday to keep its key rate on hold at half a percentage point and to press ahead with its £125bn asset purchase programme as planned.

In the first quarter of 2009, the United Kingdom GDP felt by 1.9 per cent quarter on quarter, the steepest quarterly decline in 30 years. What’s next for the British economy? Has the British authorities used all available measures to boost the economy?

Inflation last month fell to its lowest level since the beginning of last year, with the retail price index dropping for the second month in a row – putting further downwards pressure on wages.

The number of people out of work in the UK rose 244,000 to 2.22 million in the first three months of 2009, the Office for National Statistics (ONS) said. The jobless rate rose from 6.7% to 7.1%. Unemployment benefit claimants in April rose 57,100 to 1.51 million.

The UK’s deficit on trade in goods and services was £2.5 billion in March, compared with the deficit of £2.8 billion in February (originally published as a deficit of £3.2 billion).

The Bank of England voted to hold rates steady at half a percentage point on Thursday and said it would expand its £75bn quantitative easing programme as it cited concerns about the fragility of the world’s banking system.

The Bank of England looks set to leave interest rates at a record low on Thursday and may give little away about the future of its asset purchase scheme ahead of new growth and inflation forecasts next week.

In the first quarter of 2009, the United Kingdom GDP felt by 1.9 per cent quarter on quarter, the steepest quarterly decline in 30 years. What’s next for the British economy? Has the British authorities used all available measures to boost the economy?

The UK economy contracted much more sharply in the first quarter of this year than economists expected, casting doubt on the chancellor’s economic forecasts made in this week’s Budget

U.K. unemployment rose to the highest level since Prime Minister Gordon Brown's Labour Party came to power in 1997 as the recession forced companies from builders to car makers to axe jobs.

The U.K. inflation rate dropped to the lowest level in a year last month as the recession blunted price pressures across the economy.

The UK's deficit on trade in goods and services was £3.2 billion in February, compared with the deficit of £3.1 billion in January (originally published as a deficit of £3.6 billion).

The Bank of England’s monetary policy committee agreed on Thursday to hold interest rates steady for the first time since last September and maintained its commitment to buy up to £150bn in gilts and corporate bonds.

The United Kingdom economy shrank 2 percent from a year earlier. Has the British authorities used all available measures to boost the economy? What else can be done to stop the downturn spiral?

The U.K. economy’s contraction in the fourth quarter was deeper than previously estimated as consumer spending and construction slumped the most since 1980.

This week, the United Kingdom government bond auction failed for the first time in seven years. What is behind investors’ reluctance to buy bonds and what impact may it have on the Bank of England monetary policy?

UK inflation defied expectations to rise in February for the first time in five months, triggering another exchange of letters between Mervyn King, governor of the Bank of England, and Alistair Darling, chancellor.

U.K. Unemployment has soared to above 2m for the first time since Labour came to power in 1997, according to official figures published on Wednesday.

The UK trade deficit widened in January although it narrowed over a three month period, fuelling expectations a lower pound should boost exports.

The Bank of England reduced the benchmark interest rate to the lowest ever and said it would start purchasing 75 billion pounds ($105 billion) in assets, printing money to fight the recession.

In the last quarter of the 2008, the U.K. gross domestic product fell 1.5 percent from the previous quarter, the most since 1980. What is behind this unprecedented slump? Can interest rates reductions and a weak sterling bring relief to the deteriorating British economy?

The United Kingdom economy contracted the most since 1980 in the fourth quarter of 2008 as the financial crisis ceased consumer spending and companies stop investing. Has the Bank of England used all available measures to boost the credit? What else can be done to stop the downturn spiral?

The U.K. economy contracted the most since 1980 in the fourth quarter as the financial crisis prompted spending by consumers and companies to shrivel.

Inflation in January registered a much larger year-on-year rise than many economists had expected, given falling costs of fuel and housing and the rising slack apparent elsewhere in the UK economy.

The total number of people out of work continued to rise sharply at the end of last year but failed to top the 2m mark as widely expected according to official figures published on Wednesday.

The UK trade deficit narrowed in December as falling demand at home led to lower imports, official figures showed on Tuesday.

On February 5th the Bank of England cut its benchmark rate to 1%, the lowest level since the central bank was founded in 1694. Will it be enough to help the sinking British economy?

The Bank of England cut the benchmark interest rate to the lowest since the bank was founded in 1694 to help drag the British economy out of the deepening recession.

Britain fell deeper into recession during the final three months of last year as the economy contracted by 1.5 per cent, according to new figures released on Friday.

U.K. unemployment rose at the second- fastest pace since 1991 in December as the worsening recession prompted companies from retailers to automakers to cut jobs.

UK inflation fell in December by the most for more than sixteen years as the cut in VAT came into effect and stores slashed prices in an attempt to attract customers, official data out on Tuesday showed.

On January 8th the Bank of England cut its benchmark rate to 1.5%, the lowest level since the central bank was founded in 1694. For some, this was an admission of defeat. For others, this was a desperate step to help the sinking British economy.

The UK trade deficit rose in November as exports of goods fell sharply, in a sign of the threat posed by collapsing global demand to the British economy.

The Bank of England cut interest rates by half a percentage point on Thursday to the lowest level in its 315-year history.

The U.K. economy shrank the most since 1990 in the third quarter and mortgage lending dropped to the lowest in 14 years as tightening credit exacerbated the slide into recession.

The number of people claiming unemployment benefit climbed to 1.07m last month, exceeding the one million mark for the first time since 2001, official figures revealed on Wednesday.

Inflation fell sharply last month on the back of falling petrol prices but it remains far above the government’s target, forcing Mervyn King, governor of the Bank of England, to write another letter on Tuesday explaining why inflation remains so high and what the Bank is doing to bring it down.

The UK’s deficit on trade in goods and services was £3.9 billion in October, compared with the revised deficit of £3.5 billion in September (originally published as a deficit of £3.9 billion).

Signs that the economic downturn is gathering pace prompted the Bank of England’s monetary policy committee to cut interest rates on Thursday by a full percentage point to 2 per cent, the lowest level for more nearly four decades.

The U.K. inflation rate fell more than economists forecast in October, recording the steepest drop in at least 11 years and giving the Bank of England scope to cut interest rates further as the economy slides into a recession.

U.K. unemployment rose at the fastest pace in 16 years in October after companies from banks to builders cut jobs as the economy tilted on the brink of its first recession since 1991.

Britain’s trade deficit is estimated to have narrowed in September to £3.9bn, while the August shortfall was revised downward to £4.4bn, according to data from the Office for National Statistics.

The Bank of England unexpectedly cut the benchmark interest rate by 1.5 percentage points to the lowest since 1955 as policy makers tried to limit damage caused by the worst banking crisis in almost a century.

The United Kingdom economy is in the early stage of a severe recession according to the most recent economic data. But will the recently announced £500bn bank bailout package and drastic interest rates cuts bring relief to a rapid deteriorating economy?

U.K. unemployment rose to the highest level in almost two years in September as the prospect of a recession and the global financial crisis prompted a spate of job cuts from banks to construction companies.

U.K. inflation quickened to the fastest pace in at least 11 years in September, squeezing consumers with higher living costs as the financial market crisis curbed the availability of credit.

Britain’s trade deficit slightly narrowed in August to £4.7bn from £4.8bn in July but was wider than expected, as exports were hit by a slowing world economy that offset the sharp fall in sterling.

The Bank of England's Monetary Policy Committee today voted at a special meeting to reduce the official Bank Rate paid on commercial bank reserves to 4.5%.

U.K. unemployment rose the most in 16 years in August, adding to Prime Minister Gordon Brown's woes as falling house prices and the global financial crisis push Britain toward a recession.

U.K. stocks slumped, sending the benchmark FTSE 100 Index below 5,000 for the first time since June 2005, as concern grew there may be further capital raisings at financial companies and commodity stocks fell with metals prices.

UK CPI rose to 4.7 per cent in August, up from 4.4 per cent in July on the back of sharp rises in gas and electricity bills.

The UK’s deficit on trade in goods and services was £4.6 billion in July, compared with the revised deficit of £5.0 billion in June.

The Bank of England held interest rates at 5 per cent amid further signs of weakness in the housing and car markets.

The pound dropped to a record low against the euro on Monday after Alistair Darling, the UK’s finance minister, said conditions in the country’s economy were as bad as they had been for more than half a century.

The pound fell to the lowest level in more than four months against the euro after a report showed consumer confidence held near a record low in August, strengthening the case for lower interest rates.

The U.K. pound fell to the lowest level in four months against the euro after a private report showed house prices fell a ninth month.

The U.K. pound fell to the lowest level in almost three months against the euro on speculation a deepening slump in the nation's housing market may force the central bank to cut interest rates.

An oil price rise late in the session helped London stocks stage a modest recovery from early losses that had knocked investors returning from their three-day weekend break.

The U.K. pound fell against the dollar, extending a fifth week of declines, the longest losing streak since February 2006, before an industry group releases mortgage approvals data for last month.

The U.K. pound fell to a one-week low against the euro after a government report showed economic growth stagnated in the second-quarter, strengthening the case for lower interest rates.

The U.K economy stagnated unexpectedly in the second quarter, ending the nation's longest stretch of economic growth in more than a century.

The pound fell to near a two-year low against the dollar and slipped versus the euro after BoE policy maker Tim Besley said inflation will fall by the end of next year, adding to the case for interest-rate cuts.

The pound dropped against the euro and traded near a two-year low versus the dollar after U.K. house prices posted their biggest annual decline in August since at least 2002, strengthening the case for lower interest rates.

The number of people claiming unemployment benefit rose in July at the fastest rate for almost 16 years as the UK jobs market came under increasing strain.

The U.K. pound fell to a 22-month low against the dollar and government bonds advanced after the Bank of England cut its growth forecast and held out the prospect of lower interest rates as unemployment rose the most in almost 16 years.

U.K. inflation accelerated to more than double the central bank's 2 percent target in July, making it harder for policy makers to cut interest rates as the threat of a recession looms.

The pound slid to its lowest level in almost 21 months against the dollar after an industry report showed U.K. house prices fell in July, adding to evidence the economy is slowing.

The pound dropped to a 17-month low against the dollar on concern the economy is edging toward a recession as U.K. banks repossessed the most homes in 12 years in the first half and house prices lost two years of gains.

The pound stayed near a seven-week low against the euro after the Bank of England left its benchmark interest rate unchanged.

The Bank of England’s monetary policy committee left interest rates unchanged at 5 per cent for the fifth consecutive month on Thursday, after evidence of a weakening economy left it little scope to toughen its stance against rising inflation.

The pound declined to the lowest level in seven weeks against the dollar as U.K. factory production unexpectedly shrank for a fourth month in June.

The pound fell against the euro for a third day and dropped versus the dollar after an industry report showed the U.K.'s construction industry shrank in July at the fastest pace in 11 years.

After 16 years of uninterrupted growth the outlook for the United Kingdom economy is deteriorating day by day. Indeed, businesses surveys have fallen sharply and in most cases are close to record lows. How is it possible that the fifth-largest economy in the world is on the brink of recession?

The pound headed for its biggest weekly drop against the dollar since mid June as U.K. manufacturing shrank by the most in a decade, adding to evidence a recession is looming.

The pound snapped two days of gains against the euro after U.K. consumer confidence dropped to a record low in July and house prices slumped more than forecast.

The U.K. pound strengthened against the euro for a second day. The pound fell 6.6 percent against the euro this year. It's little changed versus the dollar.

Sterling fell on Tuesday as weak economic data stacked up to show that belts were tightening across the UK as housing market conditions worsened and rising prices hit consumers in the pocket.

The pound fell against the euro and gilts rose after U.K. house values dropped in July by the most in at least seven years, increasing concern the economy is headed toward a recession.

The pound declined for a third day against the euro on concern the fallout from the global credit crunch will hurt the U.K. economy more than anticipated.

London shares turned into positive territory as heavily-weighted mining and oil stocks were bought on speculation commodity prices were due another run higher after several sessions of losses.

The pound declined against the dollar and the euro after an industry report showed house prices slumped in July, adding to signs the economy is slowing.

U.K. unemployment jumped the most in June since the aftermath of the last recession in 1992 as the economic slowdown forced housebuilders and banks to cut jobs and stop hiring.

The U.K. pound rose to a 3 1/2-month high against the dollar as inflation accelerated to the highest level in more than a decade, while government bonds gained as sliding equities lured investors to the safest assets.

Consumer price inflation shot up even faster than expected last month, official data showed on Tuesday, with jumps in the cost of food and petrol taking the annual rate to nearly double the Bank of England’s target and leaving little prospect of near term cuts in interest rates.

The Bank of England’s Monetary Policy Committee voted to leave interest rates unchanged at 5.0 per cent on Thursday following its monthly two-day meeting.

The pound fell against the euro after an industry survey showed confidence among Britain's consumers dropped in June to the lowest level in at least four years.

The pound slid against the dollar and the euro and bonds rose after a government report showed U.K. manufacturing contracted more than predicted in May, deepening concern the economy will tip into a recession.

The U.K. pound fell against the euro after a British Bankers' Association report showed mortgage approvals slid last month to the lowest level since at least 1997.

The pound fell against the euro after Bank of England Deputy Governor John Gieve said U.K. house prices will extend their slide, denting consumer confidence.

The pound fell for a second day against the dollar as minutes from this month's Bank of England policy meeting showed members decided an interest-rate increase wasn't ``urgently'' required to keep inflation contained.

The U.K. pound dropped the most in two weeks against the euro as traders pared bets that the Bank of England will increase interest rates on speculation worsening inflation will stifle economic growth.

Mervyn King, the BoE's governor, has been forced to exchange letters with the chancellor on Tuesday explaining how he plans to restore price stability, after official data showed UK consumer price inflation rose to 3.3 per cent in May.

The pound rose against the dollar and euro for a second day on speculation U.K. inflation exceeded the Bank of England's target in May.

U.K. unemployment rose to the highest in seven months in May as weakening economic growth prompted companies to cut staff.

The pound fell against the euro, snapping a two-day gain, on mounting speculation a housing-market slump caused by the credit squeeze is curbing economic growth.

The UK’s trade deficit widened unexpectedly in April as imports rebounded and import prices inflation reached a 15-year high, official data showed on Wednesday.

The pound snapped a three-day gain against the dollar as an industry report showed a squeeze on mortgage lending kept U.K. house price declines close to the most widespread level in at least three decades.

Gains for resource stocks struggled to pull London’s FTSE 100 index higher on Monday afternoon, with the index flitting between positive and negative territory after a difficult morning hampered by fears of slowing growth and rising inflation.

The pound fell against the dollar and euro after accelerating inflation prevented the Bank of England from cutting interest rates to support the economy.

The Bank of England’s monetary policy committee left interest rates unchanged at 5 per cent as expected on Thursday, with its room for manoeuvre severely limited by intense inflationary pressures and bleak prospects for economic growth.

The pound fell to a two-week low against the dollar on speculation accelerating inflation will prevent the Bank of England cutting interest rates tomorrow to bolster the U.K. economy.

The British pound fell against the dollar and euro after news reports said Bradford & Bingley Plc, the U.K.'s biggest mortgage lender to landlords, needs to raise money from shareholders and profit will be lower than expected.

The pound fell against the major currencies as evidence the housing-market slowdown in the U.K. is deepening sapped demand.

The UK economy grew at its weakest pace in three years in the first quarter of 2008, thanks to a sharp drop in investment that offset surprisingly strong growth in household consumption, official data showed on Friday.

The pound rose for a third day against the dollar after a government report showed U.K. retail sales declined less than economists forecast in April.

The pound fell as an industry report showed London's property market had the most widespread price declines in at least 14 years last month, raising prospects of an interest-rate cut in June.

Britain's inflation rate jumped the most since 2002 in April, making it harder for the Bank of England to support economic growth by cutting interest rates.

The pound rebounded from a two-week low against the euro and climbed versus the dollar after a surge in U.K. producer prices prompted traders to pare bets the Bank of England will cut interest rates next month.

The Bank of England kept the benchmark interest rate unchanged, guarding against inflation after three cuts in borrowing costs since December.

The pound fell to a 2 1/2-month low against the dollar after an industry report showed U.K. consumer confidence declined to the weakest in at least four years last month, strengthening the case for a cut in interest rates.

The pound rose to the highest level in more than a month against the euro after the Bank of England signaled the worst of the credit crisis in the U.K. may be over.

The pound fell by the most in more than a week against the dollar after an official report showed mortgage approvals dropped in March to the lowest level in at least nine years, prompting traders to increase bets on further interest- rate cuts.

The pound fell against the dollar, headed for a weekly decline, as traders bet the Federal Reserve will next week signal it will slow the pace of its interest-rate cuts.

The UK economy slowed as expected in the first three months of 2008, registering the weakest quarter of growth since the start of 2005 as energy extraction fell and the service sector lost momentum, official data showed on Friday.

The pound rose against the major currencies after a rally in European stock markets stoked demand for higher-yielding assets.

U.K. unemployment fell less than economists forecast in March as the country's job market showed signs of weakening.

The FTSE shrugged off a slew of negative data on Tuesday, including evidence that the UK housing market is in its worst shape for 30 years.

The pound fell to a record low against the euro after reports showed CPI rose at a slower pace than forecast last month and the property-market slump deteriorated to the worst since records began.

The U.K.'s inflation rate stayed at 2.5 percent in March, less than economists forecast, giving the Bank of England scope to cut interest rates further.

The pound rose against the major currencies on evidence inflation is accelerating, limiting the scope of the Bank of England to keep cutting interest rates.

The U.K. trade deficit narrowed in February as record oil sales and the weakness of the pound kept exports close to the highest in 1 1/2 years.

The pound traded near a record low against the euro after the Bank of England cut its main interest rate a quarter-percentage point and the European Central Bank stayed on hold.

The BoE cut interest rates from 5.25 per cent to 5 per cent on Thursday, acting to offset the effects renewed strains in money markets are having on household and corporate borrowers.

The pound fell to a record of 80 pence per euro after U.K. consumer confidence slid to the lowest level in almost four years, boosting speculation the Bank of England will cut interest rates tomorrow.

London equities fell on Tuesday, with banking stocks at the forefront of the selling as the FTSE 100’s six-session rally faded.

The pound fell to a record against the euro after the U.K.'s biggest mortgage lender said house prices dropped by the most since 1992 last month, adding to the case for an interest-rate cut this week.

Since last year's interest rate hike cycle, UK's Monetary Policy Committee has already reduced the official interest rate during two occasions. But will the MPC cut again this Thursday?

The pound fell against the dollar on speculation the Bank of England will cut interest rates this week as U.K. economic growth slows.

The pound rose against the euro on speculation the biggest financial institutions will ride out losses on credit markets, boosting demand for higher-yielding assets.

The U.K. economy expanded slower than forecast in the fourth quarter as consumer spending growth was revised lower and government expenditure fell.

This year can be crucial for the British economy since it may bring a significant reduction on its economic growth. Slowing housing market and tighter financial conditions could be at the heart of the slowdown.

The pound rose the most against the euro in two months, paring a weekly decline, after a government report showed sales at U.K. stores unexpectedly grew last month, and as investors judged yesterday's drop was exaggerated.

Shares in London recovered some of their poise on Tuesday amid expectations of a full-point cut in US interest rates.

The pound rose from a two-week low against the dollar on speculation the Federal Reserve will cut interest rates by the most in two decades today, boosting the yield advantage of U.K. assets.

Consumer price inflation rose sharply to a nine month high in February as statisticians changed the way they accounted for increases in gas and electricity tariffs, official data showed on Tuesday.

The pound fell the most in six years against the euro, declining to a record, after the Federal Reserve cut its discount rate and JPMorgan Chase & Co. bought Bear Stearns Cos.

The Bank of England’s monetary policy committee held interest rates at 5.25 per cent on Thursday, deciding there was not yet enough evidence of a sharp slowdown in growth to warrant further rate cuts.

The pound fell to a record against the euro and had its biggest decline in two weeks versus the dollar as U.K. consumer confidence slipped to the lowest level in more than three years.

The pound traded within two cents of $2 on speculation the Bank of England will lower interest rates at a slower pace than the Federal Reserve.

A sharp weakening in domestic demand led economic growth to slow at the end of last year, despite higher government spending and the biggest rise in inventories for 20 years, official data showed on Wednesday.

Interest rates are unlikely to fall as much as markets expect to stem an economic slowdown, the Bank of England signalled on Wednesday in a hawkish inflation report, warning of “substantial challenges for policy” in the year ahead.

Consumer price inflation rose less than expected in January, but edged farther above the Bank of England’s 2 per cent target as higher food and petrol prices took effect, official data showed on Tuesday.

The pound fell against the euro and declined to within a quarter of a cent of a three-week low versus the dollar before a government report that may show U.K. house prices grew at the slowest pace in 1 1/2 years in December.

The Bank of England cut the bank rate by a quarter-point to 5.25 per cent, as was widely expected, amid growing signs of a weakening UK economy.

Bank of England Governor Mervyn King and European Central Bank President Jean-Claude Trichet may today signal that growth is increasingly replacing inflation as their biggest concern.

The FTSE 100 shrugged off a €5bn fraud at French bank Société Générale to record its biggest one-day performance since the start of the last bull market.

The U.K. economy grew at the slowest pace in more than a year during the Q4 after a jump in credit costs hampered brokerage and computer services.

Britain's top share index rebounded 2.9 percent on Tuesday after a hefty rate cut by the U.S. Federal Reserve propelled heavyweight financial stocks higher.

The U.K. pound extended its advance against the dollar after the Federal Reserve cut its target overnight lending rate three quarters of a percentage point to 3.5 percent in an emergency meeting.

The FTSE 100 on Monday suffered its biggest one-day fall since the terrorist attacks on the World Trade Centre more than six years ago as fears about the prospects for the global economy took hold.

It seems that this could be the year that the British pound will loose its strength and replace the U.S. dollar as the biggest looser of the currency market.

The pound fell to near a 10-month low against the dollar after an industry survey showed December was the worst month for the housing market since the aftermath of Britain's recession in 1992.

U.K. unemployment fell in December to the lowest since 1975 as the fastest annual economic growth in three years encouraged companies to hire more workers.

The pound rose the most against the dollar in a month and rebounded from a record low versus the euro as inflation unexpectedly held above the Bank of England's 2 percent target for a third month, reducing pressure on policy makers to cut interest rates.

UK consumer price inflation remained steady at 2.1 per cent in December, above the Bank of England’s target for the third consecutive month.

The pound fell to a record low against the euro as investors bet the economic slowdown will prompt the Bank of England to cut its benchmark interest rate next month, after leaving it unchanged today.

The U.K.'s trade deficit was wider than economists forecast in November as imports of goods swelled to the most in 1 1/2 years, driven by record purchases of oil.

The Bank of England left interest rates unchanged at 5.5 per cent on Thursday, opting to take more time to assess the extent of the slowdown in the economy and of inflationary pressures.

The pound posted its first annual drop in three years against the euro on speculation the Bank of England will keep cutting interest rates while the European Central Bank stays on hold.

Britain's FTSE 100 .FTSE index fell on Monday, ending a year overshadowed by credit crisis and market turmoil with gains of 3.8 percent -- its worst performance since 2002.

The pound dropped to a record low against the euro of Friday as the prospects of a near-term cut in UK interest rates continued to weigh on the currency.

The U.K. economy expanded faster than economists forecast in the third quarter, driven by the strongest consumer spending in more than a year.

UK inflation held steady at 2.1 per cent in November despite fears it would be fuelled by rising food and fuel prices, giving the Bank of England more leeway to cut interest rates if the economy slows rapidly at the start of next year.

U.K. unemployment fell more than twice as much as forecast to the lowest since 1975 in November as the strength of the economy encouraged companies to take on more workers.

The U.K. trade deficit narrowed in October as exports increased, a sign the strength of global economic growth and the pound's drop against the euro is helping British companies sell their products overseas.

The Bank of England cut interest rates from 5.75 per cent to 5.5 per cent on Thursday as its monetary policy committee judged that worsening conditions in financial markets and a tightening supply of credit had increased the risks to growth and inflation.

The economy did not grow quite as quickly in the third quarter as previously thought, the Office for National Statistics said on Friday, as separate figures showed banks pulling back from lending to households in October.

U.K. unemployment fell to the lowest in more than 2 1/2 years in October, as accelerating economic growth spurred companies to hire workers.

U.K. inflation rate surprisingly rose in October above the Bank of England's 2 percent target to a four-month high, suggesting higher interest rates have yet to press price pressures out of the economy.

The U.K. trade deficit widened to a record in September as exports to non European Union countries fell, as stronger pound lowered demand for British goods and global economic growth is cooling.

Interest rates were left on hold at 5.75 per cent on Thursday as the majority of members on the Bank of England’s monetary policy committee decided the risks of a sharp economic slowdown and falling inflation were not serious enough to warrant an interest rate cut.

Sterling hit a 26-year high against the dollar on Tuesday as expectations that the Bank of England would move to cut UK interest rates were dented.

The U.K. economy grew faster than economists forecast in the third quarter, driven by services from airlines to banks, a sign higher borrowing costs have yet to cool expansion.

Unemployment in Britain fell to a 2 1/2-year low in September as accelerating economic growth led companies to add workers, reducing the case for an immediate cut in interest rates.

UK CPI annual inflation was 1.8% in September, as the cost of energy and clothing fell, giving the Bank of England scope to protect economic growth by cutting interest rates.

The UK’s deficit on trade in goods and services was £4.1 billion in August, compared with a revised deficit of £4.6 billion in July (previously published as £4.4 billion).

The Bank of England kept its key interest rate unchanged today as policy makers assess the effect on the economy of higher corporate borrowing costs and a run on lender Northern Rock Plc, a survey of economists shows.

GDP grew by 0.8 per cent in the second quarter of 2007, unrevised from last month. The level of GDP is now 3.1 per cent higher than the second quarter of 2006.

CPI annual inflation was 1.8 per cent in August, down from 1.9 per cent in July.

The trends in the employment and unemployment rates are falling. There has been a further fall in the number of people claiming Jobseeker's Allowance benefit.

The UK's deficit on trade in goods and services was £4.4 billion in July, compared with a revised deficit of £3.9 billion in June (previously published as £3.6 billion).

The Bank of England kept official interest rates steady for a second month running on Thursday, and said it was keeping a close eye on market developments to see how they would affect companies and consumers.

GDP rose by 0.8 per cent in the second quarter of 2007, up from 0.7 per cent in the first quarter. The level of GDP is now 3.0 per cent higher than the second quarter of 2006.

CPI annual inflation – the Government's target measure – was 1.9 per cent in July, down from 2.4 per cent in June.

The UK’s deficit on trade in goods and services was £3.6 billion in June, compared with a deficit of £3.7 billion in May (previously published as £3.5 billion).

The Bank of England left its benchmark interest rate at a six-year high on August 2 as policy makers assess whether five quarter-point increases in the past year are enough to quell inflation.

The British pound could fall further as investors lower expectations the Bank of England will raise interest rates again this year. The implied yield on the December interest-rate futures contract has fallen 10 basis points to 6.15 percent in the past two weeks.

GDP rose by 0.8 per cent in the second quarter of 2007, compared with a rise of 0.7 per cent in the previous quarter.

In the year to June, the consumer prices index (CPI) rose by 2.4 per cent, down from 2.5 per cent in May; the all items retail prices index (RPI) rose by 4.4 per cent, up from 4.3 per cent in May.

The Bank of England’s Monetary Policy Committee today voted to raise the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5.75%.

King, John Gieve, Timothy Besley and Andrew Sentance argued for a quarter-point move to 5.75 percent to cool the economy and quell inflation, minutes of the June 6-7 meeting published by the central bank in London showed.

The Bank of England’s Monetary Policy Committee voted on June 7 to maintain the official Bank Rate paid on commercial bank reserves at 5.5%.

The UK's deficit on trade in goods and services was £4.5 billion in March, compared with a deficit of £4.3 billion in February

GDP rose by 0.7 per cent in the first quarter of 2007, the same rate of growth as in the previous two quarters. The level of GDP is now 2.9 per cent higher than the first quarter of 2006.

The unemployment rate was 5.5 per cent, unchanged on the quarter but up 0.3 over the year. The number of unemployed people rose by 13,000 over the quarter and by 101,000 over the year, to reach 1.70 million.

Regular pay growth remained subdued, though oil prices rebounded. The margin of spare capacity in firms appears to be relatively limited and businesses seem to have become more confident in their ability to raise prices.

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 5.5%. The previous change in Bank Rate was an increase of 0.25 percentage points to 5.5% on 10 May 2007.

Thailand's gross domestic product grew by 3.3 percent year-on-year in the third quarter of 2018, following a 4.6 percent expansion in the previous period and far below market consensus of 4.2 percent. It was the weakest growth rate since the fourth quarter 2016, as net external demand contributed negatively to growth while government spending, investment, and private consumption continued to rise at a solid pace.

Thailand's economy unexpectedly showed no growth on quarter in the three months to September 2018, missing market consensus of a 0.6 percent expansion and after a downwardly revised 0.9 percent growth in the previous quarter. It was the weakest quarterly reading since a contraction in the March quarter 2014, due to a marked slowdown in private consumption and a further drop in government spending while net exports contributed negatively to the GDP.

Japan recorded a trade deficit of JPY 449 billion in October 2018 compared to a JPY 278.6 billion surplus in the same month a year ago, much worse than market expectations of a JPY 70 billion gap.

Next week the US will be publishing building permits and housing starts, existing home sales, durable goods orders and flash Markit PMIs. Other important releases include: ECB and RBA meeting minutes; UK CBI factory orders; Eurozone flash Markit PMIs and consumer morale; Germany final Q3 GDP growth figures; and Japan inflation and trade balance.

US industrial output edged up 0.1 percent from a month earlier in October 2018, following a downwardly revised 0.2 percent advance in September and missing market expectations of a 0.2 percent gain. An increase in manufacturing production was partially offset by declines in both mining and utilities output. Hurricanes lowered the level of industrial production in both September and October, but their effects appear to be less than 0.1 percent per month.

The annual inflation rate in Italy increase to 1.6 percent in October of 2018 from 1.4 percent in the previous month, in line with a preliminary estimate. Prices advanced faster mainly for energy, both regulated and non-regulated energy products.

Italy's trade surplus narrowed sharply to EUR 1.27 billion in September 2018 from EUR 4.26 billion in the same month of the previous year, and well below market expectations of EUR 2.87 billion. It was the smallest trade surplus since a deficit was recorded in January.

The annual inflation rate in the Euro Area came in at 2.2 percent in October 2018, unchanged from a preliminary estimate and slightly above September's final reading of 2.1 percent. It was the highest inflation rate since December 2012 on rising prices of services, energy and industrial goods.

The seasonally adjusted unemployment rate in Hong Kong stood at 2.8 percent in the three months to October of 2018, remaining the lowest jobless rate since January of 1998. The underemployment rate also remained unchanged at 1.2 percent, the same as in the July-September period.

Hong Kong's economy grew 2.9 percent year-on-year in the third quarter of 2018, easing from a 3.5 percent expansion in the previous three-month period and matching market expectations. It was the weakest growth rate since the third quarter of 2016. The government has revised its forecast for full-year 2018 growth to 3.2 percent from 3-4 percent amid concerns over the impact of a trade war between China and the US.

The Malaysian economy expanded 4.4 percent year-on-year in the third quarter of 2018, following a 4.5 percent expansion in the previous three-month period and below market consensus of 4.6 percent. It was the weakest growth rate since the third quarter of 2016, as net external demand contributed negatively to GDP growth, while investment, private consumption, and government spending continued to rise at a solid pace.

US retail trade rose by 0.8 percent from a month earlier in October 2018, following a revised 0.1 percent drop in September and beating market expectations of a 0.5 percent gain. This was the largest increase in retail trade since May.

The number of Americans filling for unemployment benefits rose by 2 thousand to 216 thousand in the week ending November 10 from the previous week's unrevised level of 214 thousand while markets had expected a drop to 212 thousand. However, the Veterans Day holiday was observed on Monday which could have influenced the data. Claims for North Carolina continued to be affected by Hurricane Florence while in Florida and Georgia they were impacted by Hurricane Michael.

Ireland's trade surplus narrowed to EUR 3.22 billion in September of 2018 from EUR 3.85 billion in the same month of the previous year. It is the second smallest trade surplus since December.

The Euro Area trade surplus narrowed sharply to EUR 13.1 billion in September 2018 from EUR 25.3 billion in the same month of the previous year.

Bank Indonesia unexpectedly raised its 7-day reverse repurchase rate by 25 bps to 6 percent on November 15th meeting, after trade balance posted a gap in October. Policymakers said the decision to increase the tightening was consistent with efforts to reduce the current account gap to a more healthy limit of around 2.5% of GDP in 2019, anticipating a rise on global interest rates in the upcoming months, and a continued stabilizing of rupiah. The lending and the deposit facility rates were also raised by 25 bps to 6.75 percent and 5.25 percent respectively.

The central bank of the Philippines raised its key overnight reverse repurchase rate by 25bps to 4.75 percent on November 15th, 2018, as widely expected. It is the fifth straight hike in borrowing costs this year, bringing interest rate to the highest since 2009. The decision was primarily driven by intensifying inflationary pressures, especially after higher wages and transport costs were approved recently. Also, the BSP increased its inflation forecasts for 2018 to 5.3% from 5.2% while cut its forecast for 2019 to 3.5% from 4.3%. For 2020, inflation is seen at 3.3%. The interest rates on the overnight lending and deposit facilities were likewise lifted accordingly.

The Turkish unemployment rate increased to 11.1 percent in August of 2018 from 10.6 percent in the same month of the previous year.

Indonesia posted a trade deficit USD 1.82 billion in October 2018, swinging from a USD 1 billion surplus in the same month a year earlier, missing market consensus of a USD 0.17 billion gap. Exports went up 3.59 percent to USD 15.80 billion while imports jumped 23.66 percent to USD 17.62 billion.

Australia's seasonally adjusted unemployment rate stood at 5 percent in October 2018, the same as in the prior month but slightly below market estimates of 5.1 percent. The jobless rate remained at its lowest level since April 2012.

Annual inflation rate in the US increased to 2.5 percent in October of 2018 from 2.3 percent in September. Figures match market expectations, mainly due to prices of fuel oil and gasoline. On a monthly basis, consumer prices increased 0.3 percent, higher than 0.1 percent in September and matching forecasts. It is the highest monthly gain in nine months, mainly due to gasoline.

Industrial production in the Euro Area increased 0.9 percent year-on-year in September of 2018, following an upwardly revised 1.1 percent increase in August. Figures beat market expectations of a 1.1 percent rise, due to gains in capital and non-durable goods.

The Eurozone economy grew 0.2 percent on quarter in the three months to September 2018, unrevised from a preliminary estimate and following a 0.4 percent expansion in the previous period. It was the weakest growth rate since the second quarter of 2014 as the German economy contracted for the first time in three-and-a-half years and Italy's GDP showed no growth.

Annual inflation rate in the United Kingdom was flat at 2.4 percent in October of 2018, the same as in September but below market expectations of 2.5 percent. Prices slowed for transport and food but rose faster for housing and utilities and recreation and culture.

The Portuguese economy advanced by 0.3 percent on quarter in the three months to September of 2018, following an upwardly revised 0.6 percent expansion in the previous period, a preliminary estimate showed. It was the lowest growth rate since the second quarter of 2016.

The Dutch economy expanded 0.2 percent on quarter on the three months to September of 2018, well below a downwardly revised 0.7 percent in the previous period and worse than market expectations of 0.5 percent. It is the lowest growth rate since the second quarter of 2016, preliminary estimates showed. Household spending was the main driver of growth while exports slowed and investment shrank.

The annual inflation rate in Spain stood at 2.3 percent in October 2018, unchanged from the previous month, matching an earlier estimate and market expectations. Slower prices for housing offset rising cost of transport. Also, inflation was steady for food.

The annual inflation rate in France stood at 2.2 percent in October of 2018, the same as in the previous month and in line with a preliminary estimate. An increase in energy and services prices was offset by a slowdown in fresh food prices and a larger drop in cost of manufactured products.

The Bank of Thailand voted by four to three to keep the policy rate at 1.5 percent on 14th November 2018, as widely expected. The Committee said that monetary policy should remain accommodative, although the need for accommodative policy would be gradually reduced, despite signs of sluggishness in the economy's two main drivers, exports and tourism.

The German economy shrank 0.2 percent on quarter in the three months to September 2018, worse than market expectations of a 0.1 percent fall and following a 0.5 percent growth in the previous period, a preliminary estimate showed. This was the first quarterly contraction since the first quarter of 2015 due to declines in both exports and household consumption.

Wholesale prices in India rose by 5.28 percent year-on-year in October 2018, after a 5.13 percent gain in the prior month and above market estimates of 5 percent. It was the highest wholesale inflation since June, as cost advanced faster for fuel and manufactured products.

The Japanese economy contracted 0.3 percent on quarter in the three months to September 2018, following an upwardly revised 0.8 percent growth in the previous period and matching market consensus, a preliminary estimate showed. Number of natural disasters weighed on personal consumption, company investment and exports.

The US government budget deficit increased to USD 100 billion in October 2018 from USD 63 billion in the same month of the previous year, matching market expectations. Outlays increased 18.3 percent to USD 353 billion while receipts climbed at a softer 7.4 percent to USD 253 billion.

Russia's gross domestic product grew by 1.3 percent year-on-year in the third quarter of 2018, following a 1.9 percent expansion reported in the previous period, a preliminary estimate showed. Retail trade, cargo turnover and industrial production grew at a slower pace while agriculture and construction output contracted.

Portugal's annual inflation eased to 1 percent in October 2018, unrevised from a preliminary estimate and below the previous month's rate of 1.4 percent. The inflation was at its lowest level since May mainly due to a slowdown in food price growth and a decline in costs of restaurants & hotels, recreation & culture and clothing & footwear.

The unemployment rate in the UK came in at 4.1 percent in the third quarter of 2018, slightly higher than market expectations of 4 percent. The number of unemployed rose by 21,000 from the April to June period while employment rose by 23,000 and the number of job vacancies hit a fresh record high. Average weekly earnings including bonuses rose 3 percent in the third quarter, the most since Q3 2015; excluding bonuses, wages grew 3.2 percent, the most since Q4 2008.

Germany's annual inflation rate increased to 2.5 percent in October 2018 from 2.3 percent in the previous month and in line with the preliminary estimates. It was the highest inflation rate since September 2008, as prices of services and energy rose at a faster pace.

Annual consumer inflation in India fell to 3.31 percent in October of 2018 from a downwardly revised 3.7 percent in September and below market expectations of 3.67 percent. It is the lowest inflation rate since September of 2017, mainly due to a drop in cost of food.

Next week the most important releases include US inflation, retail sales and industrial production; UK inflation, employment, wages and retail trade; Germany Q3 GDP growth and investor morale; Japan Q3 GDP growth; China industrial output, retail sales and fixed asset investment; India inflation, foreign trade and industrial production; Australia consumer and business morale, and employment figures; and interest rate decisions from Mexico, Indonesia, Thailand and the Philippines.

The University of Michigan's consumer sentiment for the US fell to 98.3 in November of 2018 from 98.6 in October but slightly higher than market expectations of 98. It is the lowest reading in three months, mainly due to a fall in consumer expectations, preliminary estimates showed. Data was collected until Wednesday night so there was only a one-day overlap after the mid-term election results were known by consumers.

The gross domestic product in the United Kingdom expanded 1.5 percent year-on-year in the third quarter of 2018, up from 1.2 percent in the previous period and matching market expectations. It was the strongest pace of expansion since the third quarter of 2017 mainly driven by household consumption and exports while business investment dropped the most since the first quarter of 2016.

The UK trade deficit decreased by GBP 2.07 billion to GBP 0.03 billion in September 2018 from an upwardly revised GBP 2.10 billion in the prior month. It was the smallest trade gap since February when a GBP 0.21 billion surplus was recorded.

The British economy grew by 0.6 percent on quarter in the three months to September 2018, following a 0.4 percent expansion in the previous period and matching market expectations, a preliminary estimate showed. It was the strongest growth rate since the last quarter of 2016 as household spending and exports rose firmly while business investment contracted at the fastest pace since early 2016 in part due to Brexit-related economic and political uncertainty.

China's consumer price inflation stood at 2.5 percent year-on-year in October 2018, unchanged from the previous month's seven-month high and in line with market expectations. A slowdown in prices of food was offset by a faster rise in cost of non-food products.

The Federal Reserve kept the target range for the federal funds rate at 2 percent to 2.25 percent during its November 2018 meeting, saying that the labor market has continued to strengthen and that economic activity has been rising at a strong rate while inflation remains near its 2 percent target. The Fed also reaffirmed its plans to continue raising rates gradually, suggesting a rate hike at its next meeting in December is likely.

The annual inflation rate in Mexico eased to 4.9 percent in October 2018 from 5.02 percent in September, as widely expected. Prices rose less mainly for energy and housing.

The number of Americans filling for unemployment benefits dropped by 1 thousand to 214 thousand in the week ending November 3 from the previous week's upwardly revised level of 215 thousand, matching market expectations. Claims for North Carolina continued to be affected by Hurricane Florence while in Florida and Georgia they were impacted by Hurricane Michael.

The annual inflation rate in Tanzania dropped to 3.2 percent in October 2018 from 3.4 percent in the previous month. It was the lowest inflation rate on record, mostly due to lower cost of food and non-alcoholic beverages.

Irish consumer price inflation came in at 0.9 percent in the year to October 2018, unchanged from the previous month's one-and-a-half-year high, on the back of rising prices of housing & utilities, transport and restaurants & hotels.

The Greek seasonally adjusted unemployment rate dropped to 18.9 percent in August of 2018 from an upwardly revised 19.1 percent in the previous month, staying at its lowest level since August 2011.

The French trade deficit decreased to EUR 5.66 billion in September 2018 from an upwardly revised EUR 5.70 billion shortfall in the previous month and below market consensus of a EUR 6.1 billion gap. Imports declined 1.6 percent while exports fell at a faster 1.8 percent.

The Central Bank of Malaysia kept its benchmark interest rate unchanged at 3.25 percent on November 8th, 2018, as widely expected. Policymakers said the economy maintains its underlying fundamental strength, with steady economic growth, low unemployment and a current account surplus. Private consumption will remain the main driver of growth, but the domestic economy continues to face downside risks stemming from any further escalation in trade tensions and prolonged weakness in the mining and agriculture sectors.

The German trade surplus decreased to EUR 18.4 billion in September 2018 from EUR 24.2 billion in the same month a year earlier, as imports rose by 5.3 percent to EUR 90.7 billion, while exports fell 1.2 percent to EUR 109.1 billion.

The Swiss unemployment rate came in at a non-seasonally adjusted 2.4 percent in October 2018, unchanged from the previous five months and the lowest since September 2008.

China's trade surplus narrowed to USD 34.01 billion in October of 2018 from USD 36.89 billion in the same month a year earlier and slightly below market consensus of USD 35 bilion. Imports jumped 21.4 percent year-on-year to USD 131.83 billion while exports increased at a slower 15.6 percent to USD 159.72 billion.

The Philippines economy grew an annual 6.1 percent year-on-year in the September quarter of 2018, following an upwardly revised 6.2 percent expansion in the previous quarter and below market consensus of a 6.3 percent growth. It was the slowest pace of expansion since the second quarter of 2015, mainly due to a slowdown in private consumption and investment while net external contributed negatively to GDP growth.

The Philippines GDP advanced 1.4 percent quarter-on-quarter in the three months to September of 2018, after an upwardly revised 1.5 percent growth in the previous quarter and missing market estimates of a 2.1 percent expansion. The services sector increased at a softer pace while the agriculture contracted.

The interest rate in New Zealand was kept unchanged at 1.75 percent on 7 November 2018. The bank underscored that it expects to keep the OCR at this level through 2019 and into 2020, expecting GDP growth to pick up over 2019 and pointing to trade tensions as significant risk for sentiment. Consumer prices increased 1.9 percent year-on-year in the third quarter of 2018 following a 1.5 percent increase in the previous quarter. The print came above consensus expectations (1.7 percent) and was the highest rate in four quarters.

New Zealand's unemployment rate declined to 3.9 percent in the third quarter of 2018 from a downwardly revised 4.4 percent in the previous period and well below market expectations of 4.5 percent. It was the lowest jobless rate since the second quarter of 2008.

Annual inflation rate in Brazil rose to 4.56 percent in October of 2018 from 4.53 percent in September, below market expectations of 4.66 percent. It is the highest inflation rate since March 2017. Main upward pressure came from prices of food and fuels.

The Philippine's trade deficit widened sharply to USD 3.93 billion in September of 2018 from USD 1.75 billion in the same month a year earlier. It was the largest trade gap since December 2017, as imports surged while exports fell.

Russia’s annual inflation rate rose to 3.5 percent in October 2018 from 3.4 percent in the previous month, still below market expectations of 3.6 percent. It was the highest inflation rate since July 2017 boosted by prices of food, non-food products and services.

The Reserve Bank of Australia left the cash rate at a record low of 1.5 percent at its November meeting, as widely expected, extending its record period of policy inaction beyond two years. While reiterating that inflation is expected to pick up gradually over the next couple of years, policymakers said they revised up slightly the forecasts for economic growth in 2018 and 2019 to average around 3-1/2 percent amid positive business conditions and rising non-mining investment.

The Philippines' annual inflation rate came in at 6.7 percent in October of 2018, unchanged from the previous month but higher than market expectations of 6.5 percent. A faster rise in cost of housing and transport offset a slight slowdown in prices of food.

The ISM Non-Manufacturing PMI index for the United States fell to 60.3 in October of 2018 from 61.6 in September, beating market expectations of 59.3. Production, new orders and employment slowed although general growth in the services sector remained strong. There are continued concerns about capacity, logistics and tariffs although the respondents are positive about current business conditions.

The Turkish consumer price inflation increased to 25.24 percent year-on-year in October of 2018 from a 24.52 percent in the prior month, and beating market expectations of 24.5 percent. It was the highest inflation rate since July 2003, as both food and housing prices increased faster while transport prices continued to rise amid a falling lira.

Indonesia's annual economic growth eased to 5.17 percent in the third quarter of 2018 from 5.27 percent in the previous three-month period and slightly above market consensus of 5.15 percent. The expansion was mainly driven by private consumption and fixed investment while net exports contributed negatively to the GDP growth.

Malaysia's trade surplus widened sharply to MYR 15.3 billion in September of 2018 from MYR 8.2 billion in the same month of the prior year and easily beating market expectations of a surplus of MYR 7.3 billion. It was the largest trade surplus since September 2008, as exports rebounded while imports shrank unexpectedly.

Indonesia's gross domestic product grew 3.09 percent quarter-on-quarter in the three months to September 2018, slightly above market expectations of 3.07 percent and after a 4.21 percent expansion in the previous period. There was a slowdown in government spending while private consumption and fixed investment increased firmly and net external demand contributed positively to the GDP growth.

Next week the Fed will be deciding on monetary policy, with markets anticipating no changes. Other important releases include: US ISM Non-Manufacturing PMI, preliminary Michigan consumer sentiment, producer prices and JOLTs job openings; UK Q3 GDP growth, trade balance and industrial production; Eurozone retail sales; Germany trade balance and industrial orders; China foreign trade and inflation; Australia consumer and business morale; Japan machinery orders; Indonesia and the Philippines Q3 GDP growth; and interest rate decisions from Australia, New Zealand and Malaysia. Investors will also react to the US midterm elections on Tuesday and President Xi Jinping speech on Monday.

Canada trade deficit narrowed to CAD 0.42 billion in September of 2018 from a revised CAD 0.55 billion trade gap in the previous month and against market expectations of a CAD 0.15 billion surplus. Exports edged down 0.2 percent, due to consumer goods while imports fell at a faster 0.4 percent, dragged down by aircraft and other transportation equipment and parts and energy products.

Non farm payrolls in the United States increased by 250 thousand in October of 2018, following a downwardly revised 118 thousand in September and well above market expectations of 190 thousand. Job growth occurred in health care, in manufacturing, in construction, and in transportation and warehousing.

The unemployment rate in Canada decreased to 5.8 percent in October of 2018 from 5.9 percent in the previous month while markets had expected it to remain steady at 5.9 percent. It is the lowest jobless rate since July mainly due to a 18.2 thousand dip in labor force. The economy added only 11.2 thousand jobs in October, after an increase of 63.3 thousand in September and compared with market consensus of 10 thousand. Full-time hiring grew (+33.9 thousand) while part-time jobs fell (-22.6 thousand)

The US unemployment rate was unchanged at 3.7 percent in October 2018, unchanged from the previous month's 49-year low and in line with market expectations. The number of unemployed increased by 111 thousand to 6.08 million and employment rose by 600 thousand to 156.56 million.

The U.S. trade deficit widened to USD 54.0 billion in September 2018 from an upwardly revised USD 53.3 billion in the previous month and compared with market expectations of a USD 53.6 billion gap. It is the highest deficit in 7 months as imports rose to a record high.

The trade surplus in Brazil increased to USD 6.12 billion in October of 2018 from USD 5.2 billion in the same month of the previous year. It compares with market expectations of USD 6.849 billion. Sales surged to China, boosted by crude oil and soybeans. Imports rose mainly due to purchases of crude oil.

The Institute for Supply Management’s Manufacturing PMI in the US fell to 57.7 in October of 2018 from 59.8 in September and below market expectations of 59. The reading pointed to the slowest growth in factory activity in six months after reaching the highest since 2004 in August. New orders, production and employment eased and price pressures continued.

The IHS Markit US Manufacturing PMI was revised down to 55.7 in October of 2018 from a preliminary of 55.9, but slightly higher than 55.6 in September. Figures still pointed to the strongest increase in factory activity in five months, mainly boosted by a sharp rise in new business which was the strongest in five months.

The number of Americans filling for unemployment benefits decreased by 2 thousand to 214 thousand in the week ending October 27 from the previous week’s upwardly revised 216 thousand and compared with market expectations of 213 thousand. Claims for North Carolina continued to be affected by Hurricane Florence, while for Florida and Georgia were impacted by Hurricane Michael.

The Bank of England voted unanimously to leave the Bank Rate steady at 0.75 percent on November 1st 2018, in line with market expectations. Policymakers said that if the economy continues to develop in line with forecasts, further tightening will be appropriate. The stock of UK government bond purchases, financed by the issuance of central bank reserves, was maintained at £435 billion.

The annual inflation rate in Switzerland rose to 1.1 percent in October of 2018 from 1.0 percent in the previous month and in line with market expectations. Prices increased faster mainly due to cost of food and non-alcoholic beverages and housing and energy.

South Korea’s trade surplus narrowed slightly to USD 6.55 billion in October of 2018 from USD 6.93 billion in the same month of the preceding year, preliminary data showed.

Australia's trade surplus widened to AUD 3.02 billion in September 2018 from an upwardly revised AUD 2.34 billion in the previous month, far above market consensus of a AUD 1.70 billion surplus. It was the largest trade surplus since February 2017, as exports rose 1 percent to an all-time high of AUD 37.50 billion while imports declined 1 percent to AUD 34.48 billion.

South Korea's annual inflation inched higher to 2 percent in October of 2018 from 1.9 percent in the previous three months and above market expectations of 1.7 percent. It was the highest inflation rate since September 2017, driven by faster rises in cost of food, housing and transport.

The Central Bank of Brazil voted unanimously to hold its key Selic rate at 6.50 percent on 31 October 2018 as widely expected, keeping borrowing costs at the lowest level in modern history amid target inflation and lackluster GDP growth. It was the first monetary policy meeting after the presidential election.

The annual inflation rate in Kenya fell to 5.53 percent in October of 2018 from 5.7 percent in September. Prices eased mainly due to slowdown in cost housing and utilities and transport, amid a petroleum products tax cut to 8 percent from an initial 16 percent at the beginning of September. On a monthly basis, consumer prices dropped 0.79 percent after rising 1.02 percent in the previous month.

South Africa trade balance shifted to a ZAR 2.95 billion deficit in September of 2018 from a downwardly revised ZAR 8.77 billion surplus and well below market expectations of a ZAR 4.0 billion surplus. It was the smallest trade gap since February. Considering the January to September period, the country posted a ZAR 0.33 billion gap.

Irish seasonally adjusted unemployment rate went down to 5.3 percent in October of 2018 from 5.4 percent in the previous month. It remains the lowest jobless rate since February of 2008.

The annual inflation rate in Italy is expected to increase to 1.6 percent in October of 2018 from 1.4 percent in the previous month, below market expectations of 1.7 percent. Prices advanced faster mainly for energy, both regulated and non-regulated energy products.

The unemployment rate in the Euro Area was unchanged at 8.1 percent in September 2018, the same as in the previous month’s figure, below 8.9 percent a year earlier and in line with market expectations. It remained the lowest jobless rate since November 2008.

The annual inflation rate in the Euro Area is expected to pick up to 2.2 percent in October 2018 from 2.1 percent in the previous month and in line with market consensus. That should be the highest inflation rate since December 2012 on the back of higher prices of services, energy, processed food and industrial goods.

The annual inflation rate in Portugal is expected to fall to 1.0 percent in October of 2018 from 1.4 percent in September, a preliminary estimate showed. It is the lowest inflation rate since May, mainly pushed down by lower prices of unprocessed food products.

Italy's unemployment rate rose to 10.1 percent in September 2018 from an upwardly revised 9.8 percent in the previous month and above market expectations of 9.9 percent. The number of unemployed increased by 3.2 percent while employment fell by 0.1 percent.

Turkish trade gap tumbled by 77.1 percent to USD 1.87 billion in September 2018 from USD 8.17 billion in the corresponding month of the previous year. It was the smallest trade deficit since February 2009 as exports jumped 22.4 percent while imports tumbled 18.3 percent amid a falling lira.

The Spanish economy grew by 0.6 percent on quarter in the three months to September 2018, the same pace as in the previous period and in line with market expectations, a preliminary estimate showed. Household consumption and fixed investment grew at a solid pace while net external demand contributed negatively to the GDP growth.

The annual inflation rate in France stood at 2.2 percent in October of 2018, the same as in the previous month and below market expectations of 2.6 percent, a preliminary estimate showed. An increase in energy and services prices was offset by a slowdown in fresh food prices and a larger drop in cost of manufactured products.

The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent at its October meeting and kept the target for the 10-year Japanese government bond yield at around zero percent, as widely expected. The central bank also revised down inflation forecasts again, saying that the momentum toward achieving the price stability target of 2 percent is not sufficiently firm despite years of massive monetary easing.

Australia's consumer price inflation eased to 1.9 percent year-on-year in the third quarter of 2018 from 2.1 percent in the previous period. The latest figure was in line with market expectations, mainly due to a marked slowdown in cost of housing.

The Mexican economy expanded 2.6 percent year-on-year in the third quarter of 2018, the same as in the previous period, a preliminary estimate showed. It remained the strongest growth rate since the first quarter of 2017, mainly due to services and primary activities. Meantime, the industrial sector grew at a slower pace.

The Mexican economy advanced 0.9 percent on quarter in the three months to September of 2018, reversing from a 0.2 percent contraction in the previous period, a preliminary estimate showed. Both the industrial sector and the primary sector recovered and services grew faster.