Office For National Statistics

Office For National Statistics News

• Pound Climbs From 10-Week Low on Bets Drop Overdone, GDP Growth

  The pound climbed from a 10-week low versus the dollar amid speculation its 3 percent fall this month was excessive and as a government report confirmed the U.K. economy returned to growth in the first quarter.

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  U.K. Economy Grows 0.3% on Inventories, Consumer Spending

  Britain’s economy resumed growth in the first quarter as companies built up stocks and consumer spending increased, offsetting a drop in exports.

• Pound Falls to One-Month Low Versus Euro as Retail Sales Decline

  The pound fell to a one-month low against the euro after a government report showed U.K. retail sales unexpectedly declined last month, supporting the central bank’s case to boost monetary stimulus.

• U.K. Stocks Rise to 13-Year High on Bernanke Testimony

  U.K. stocks advanced, extending their highest level in 13 years, as Federal Reserve Chairman Ben S. Bernanke said tightening monetary policy too soon would endanger U.S. economic recovery.

• Cocoa Falls on Speculation Prices Climbed Too Far; Sugar Rises

  Cocoa fell in London and New York on speculation prices that rallied yesterday climbed too far as rainfall may favor crop development in West Africa, the main growing region. Raw sugar rose in New York.

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  U.K. Retail Sales Unexpectedly Fall 1.3% on Food

  U.K. retail sales unexpectedly fell in April, led by the biggest drop in food sales for almost two years and indicating continued weakness in consumer spending

• U.K. Budget Deficit Widens as IMF Prepares to Deliver Verdict

  Britain’s underlying budget deficit widened in April, dealing a blow to Chancellor of the Exchequer George Osborne as the International Monetary Fund prepares to deliver its verdict on the U.K. economy.

• Dollar Falls Against Euro Amid Fed Stimulus Bets; Franc Weakens

  The dollar fell against the euro for a second day as comments from Federal Reserve policy makers fueled speculation Chairman Ben S. Bernanke will tell Congress tomorrow the pace of monetary stimulus should be maintained.

• S&P 500 Returns to Record While U.S. Treasuries Advance

  The Standard & Poor’s 500 Index returned to a record as a Federal Reserve official said bond purchases should continue and Goldman Sachs Group Inc. forecast the stock rally will last at least through 2015. Treasuries rose and the yen pared earlier losses while grains and gold fell.

• Pound Slides to Six-Week Low Versus Dollar as Inflation Slows

  The pound slid to a six-week low against the dollar after a government report showed inflation slowed more than economists forecast, giving the central bank more room to boost stimulus that tends to weaken a currency.

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Related Topics

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  London

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  Mervyn King

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  Ben S. Bernanke

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