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UK

Finance

Pound breaks seven-day rally as dollar steadies after jobs data

Bermuda Broadcasting Newsdesk -
Sterling was last down 0.1% at $1.3338 and was steady against the euro, which traded at 0.8055 pounds International News via Reuters: The pound fell on...
News - World

Britain’s services sector contracts sharply under strain of Iran war, PMI shows

Bermuda Broadcasting Newsdesk -
The S&P Global Purchasing Managers' Index for the services sector in June fell to 48.8 from May's 49.3, representing the second fall in a...
Finance

Sterling set for biggest weekly jump in 12 weeks on easing political risk, soft dollar

Bermuda Broadcasting Newsdesk -
Sterling was up 0.1% at $1.3357, taking its weekly gain to 1.2%, its biggest weekly jump against the dollar since early April International News via...
News - World

Bank of England’s Mann says she is ready to raise rates if inflation outlook darkens

Bermuda Broadcasting Newsdesk -
A BoE survey of the public's expectations for inflation hit a record high in May, but last month the BoE trimmed its own forecast...
News - World

UK’s FCA says parts of motor finance redress scheme suspended

Bermuda Broadcasting Newsdesk -
The regulator introduced the scheme in March to compensate motorists who were treated unfairly under motor finance arrangements between 2007 and 2024 International News via...
News - World

UK’s Currys warns memory chip shortage will push up prices

Bermuda Broadcasting Newsdesk -
Chief Executive Alex Baldock said AI and data centres were eating up the world's supply of silicon International News via Reuters: Higher prices for smartphones, laptops...
News - World

UK’s Starmer apologises to mothers and children traumatised by decades of forced adoptions

Bermuda Broadcasting Newsdesk -
An estimated 185,000 children were separated from their mothers in Britain International News via Reuters: British Prime Minister Keir Starmer on Thursday apologised to women forced...
Finance

Sterling hits one-year high versus euro; rallies as dollar takes yen hit

Bermuda Broadcasting Newsdesk -
The euro slipped to 85.47 pence, its lowest since June last year, and was last down 0.2% against the pound International News via Reuters: The pound...
News - World

UK house prices flat in June but outlook brightens, Nationwide says

Bermuda Broadcasting Newsdesk -
House prices rose by an annual 2.2% in June, below a 2.4% rise forecast in a Reuters poll of economists International News via Reuters: British annual...
News - World

UK sets out teacher pay hikes that should outpace inflation

Bermuda Broadcasting Newsdesk -
Teachers' pay will increase by 3.5% from September, and by 3% from September 2027, representing a cumulative 17% rise since the country's Labour government...
News - World

UK manufacturing activity cools despite stockpiling boost to output, PMI shows

Bermuda Broadcasting Newsdesk -
The final version of S&P Global's UK ‌Manufacturing Purchasing Managers' Index for June fell to 52.5, below a preliminary estimate of 53.1 and May's...
Finance

Pound falls as dollar forges higher ahead of Fed’s Warsh comments

Bermuda Broadcasting Newsdesk -
Sterling was down 0.23% at $1.3234, having risen for the past four days, marking its longest stretch of daily gains in a month International News...
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