Global economic growth forecasts have also been slashed to 2.9 per cent for both 2025 and 2026, down from previous expectations of 3.1 per cent for 2025 and three per cent for 2026.

Defined benefit funds, seeking a steady long-term return, used to be big buyers of UK government bonds (gilts) – the financial assets that the government sells to raise money. In contrast, defined ...

The GBP/USD weekly forecast indicates weaker growth in the UK, which has pushed up BoE rate cut expectations. The GBP/USD pair had a bearish week as the dollar gained with US Treasury yields.

The UK economy grew 0.7% in the first quarter, topping expectations, but growth is expected to slow to 0.1% this quarter and 0.2% in the third quarter, followed by a 0.3% rise in the final three ...