Pound falls and gilts rally as investors bet on more interest rate cuts
British retail sales unexpectedly shrank in December, dealing a fresh blow to chancellor Rachel Reeves and raising the risk that the economy contracted at the end of last year.
Economists polled by Reuters had expected a 0.4 per cent increase, after a 0.1 per cent rise in retail sales the previous month.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Supermarkets Kick off Easter sales in December, leaving Shoppers DividedShoppers are expressing mixed reactions to the early appearance of Easter eggs on supermarket shelves as December comes to an end. While some welcome the opportunity to spread the cost of Easter treats, others criticize the move as overly commercial and insensitive to the Christmas season.
Read more »
Rising Darts Star Luke Littler Set to Pay Hefty Tax Bill After Million-Pound YearLuke Littler, a 17-year-old darts sensation, has achieved remarkable success in 2024, amassing over £1 million in earnings. His journey to the top includes a stunning run to the World Darts Championship final, where he showcased his skills against some of the world's best players.
Read more »
Pound Slumps to Year Low, FTSE 100 RisesThe British pound fell to its lowest point in over a year, contributing to a surge in the FTSE 100 index. Concerns about UK borrowing costs and disappointing Christmas trading updates from retailers weighed on the market. Meanwhile, midcap stocks rebounded from a recent low, and the pan-European Stoxx 600 index also saw gains.
Read more »
‘Really disturbing’: Galway community garden is vandalised twice in DecemberTrees and support poles are taken from Merlin Woods community garden and dumped elsewhere along with religious objects
Read more »
Numbers on Live Register rises by 3,200 people in DecemberThose between 25-34 years of age make up the largest group on the index
Read more »
Irish Service Sector Experiences Strong Growth in DecemberThe latest AIB Ireland Services PMI reveals a surge in new business growth, reaching a nine-month high and boosting overall activity in the Irish economy.
Read more »