The UK's ONS reported a record wage growth, leading to speculations of another BOE hike. However, unemployment and vacancies raised concerns about the sustainability of wage growth, suggesting an end to the cycle this quarter
UK economic growth has been impeded by supply chain trouble and inflation. Therefore, the UK economy kept its interest rates unchanged today. How long will the bank be able to ignore rising inflation?
U.K. Prime Minister Boris Johnson delayed reopening the country’s economy by four weeks as the Delta strain of COVID continued its high infection rate.
The Pound jumped to its highest level over the Dollar in three years yesterday as 75% of the U.K. is expected to be fully inoculated within the next month.
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