Bussiness
The pound reacts positively to GDP figures – London Business News | Londonlovesbusiness.com
The British Pound reacted positively to the UK’s GDP figures released earlier today.
The economy grew by 0.6% in the second quarter, following a 0.7% rise in Q1, in line with market expectations.
This helped the pound recover from yesterday’s reaction to inflation data, which showed a slight increase to 2.2% in July, although it was slightly below the forecast of 2.3%.
The BoE anticipates a continued decline in inflation and could continue to shift towards a less restrictive policy stance which could limit the pound’s upside potential. Yields ticked up as well but could remain under pressure as monetary policy could continue to soften.
The market is now focused on today’s upcoming U.S. retail sales data, which is anticipated to rise by 0.3% in July. If it strengthens, consumer spending could lead to an increase in U.S. Treasury yields and support the dollar, potentially putting pressure on the pound-dollar pair. On the other hand, strong UK retail sales could support the pound.
Drake London Likely Avoids Serious Injury On Sunday – NFL News | Fantasy Football
Drake London Questionable To Return – NFL News | Fantasy Football
UK weather maps show days snow falls as far south as London and Dorset
‘He was unbelievable’: Rider takes London World Cup win on horse who may be his best yet – Horse & Hound
Drake London Enters Falcons Record Books and It’s Only the Beginning
Canada’s Matt (Ginja Ninja) Campbell beaten at world darts championship in London
London International Horse Show LIVE: Show Jumping World Cup
Labour MP warns there will be ‘consequences’ for businesses with Chancellor’s NI tax hike – London Business News | Londonlovesbusiness.com
London Faces New Travel Disruption as UK Storm Disrupts Over 200 Airlines from Air Canada, British, Virgin Atlantic, Delta, Lufthansa; P&O Ferries, Stena Line, CalMac, and Great Western Railway Affected: What You Need to Know – Travel And Tour World
