Pound to Dollar Rate's Relief Rally as UK PMI Data Boosts Sterling on Nostr: UK Economy Stalls in April After Wet Weather Hampers Retail Sales =============== ...
UK Economy Stalls in April After Wet Weather Hampers Retail Sales
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#ceb5d66c ver:0.72
The UK economy stalled in April due to wet weather impacting retail sales, with no growth reported. The services sector grew modestly, but consumer-facing services and production declined. Prime Minister Rishi Sunak may face challenges as the economy stalls, prompting speculation of an interest rate cut. Despite some forecasters upgrading projections, the UK economy has only grown 1.7% since the pandemic, and disposable incomes are not expected to recover until 2025-26. The GDP report could influence voter decisions ahead of the general election and impact the Bank of England's interest rate decision. The GBP/USD exchange rate fluctuated in response to the report. The upcoming general election and interest rate decision will be crucial for the UK economy. #UKeconomy #GDP #interestrates #retailsales...
#newstr #UkEconomy #RetailSales #GdpGrowth #BankOfEngland #Inflation #RishiSunak
https://here.news/story/ceb5d66c?ver=0.72
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#ceb5d66c ver:0.72
The UK economy stalled in April due to wet weather impacting retail sales, with no growth reported. The services sector grew modestly, but consumer-facing services and production declined. Prime Minister Rishi Sunak may face challenges as the economy stalls, prompting speculation of an interest rate cut. Despite some forecasters upgrading projections, the UK economy has only grown 1.7% since the pandemic, and disposable incomes are not expected to recover until 2025-26. The GDP report could influence voter decisions ahead of the general election and impact the Bank of England's interest rate decision. The GBP/USD exchange rate fluctuated in response to the report. The upcoming general election and interest rate decision will be crucial for the UK economy. #UKeconomy #GDP #interestrates #retailsales...
#newstr #UkEconomy #RetailSales #GdpGrowth #BankOfEngland #Inflation #RishiSunak
https://here.news/story/ceb5d66c?ver=0.72