Stories tagged “Uk Economy.”
4 stories
UK petrol prices have reached a new high of 160p a litre, driven by renewed US-Iran tensions and disruptions in the Strait of Hormuz, significantly increasing costs for households.
The FTSE 100 is set for its best monthly performance since February, defying geopolitical turmoil and rising UK petrol prices, while other major global markets also show mixed movements.
The rising cost of insuring against climate-related disasters will have significant knock-on effects for the UK economy. TheCityUK report highlights the challenges of pricing climate risk, which could lead to protection gaps and increased costs for investment.
Sterling today: Pound steadies near two-month low as political risks mount
The pound has steadied near a two-month low as political risks mount, despite a stronger-than-expected UK retail sales report. Sterling erased earlier losses to trade just above $1.32 on Friday.