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UK service sector perks up in August, adding to resilience signs

UK service sector perks up in August, adding to resilience signs

By Andy Bruce Aug 21 (Reuters) - Britain's services sector, the engine of its economy, perked up unexpectedly this month, according to a survey on Friday that added to signs of resilience despite the conflict in the Middle East.
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British retail sales soften in July after World Cup boost

British retail sales soften in July after World Cup boost

By David Milliken LONDON, Aug 21 (Reuters) - British retail sales fell back as expected in July after a surge in June when hot weather boosted demand for fans and air conditioners and supermarkets offered promotions alongside the men's soccer World Cup, official figures showed on Friday.
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British retail sales slip in July after World Cup boost

British retail sales slip in July after World Cup boost

By David Milliken LONDON, Aug 21 (Reuters) - British retail sales fell back as expected in July after a surge in June when hot weather boosted demand for fans and air conditioners and supermarkets offered promotions alongside the men's soccer World Cup, official figures showed on Friday.
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UK posts unexpected budget deficit in July as spending rises

UK posts unexpected budget deficit in July as spending rises

Aug 21 (Reuters) - Britain's government recorded an unexpected budget deficit of £1.8 billion ($2.5 billion) in July, as higher government spending caused by inflation counteracted record self-assessed income tax receipts for the month.
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US service sector fuels acceleration in business activity, S&P Global says

US service sector fuels acceleration in business activity, S&P Global says

Aug 21 (Reuters) - The strongest growth in the U.S. services sector in nearly two years powered a sharp acceleration in overall business activity in August, offsetting a slowing of growth in a manufacturing sector being restrained by reduced stock building and supply disruptions from the U.S.-led
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German business activity grows in August, PMI shows

German business activity grows in August, PMI shows

BERLIN, Aug 21 (Reuters) - German business activity expanded modestly in August as an upturn in manufacturing offset a faster decline in services activity, a preliminary business survey showed on Friday.
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Dollar falls to three-month low as Treasury moves to soothe bond jitters

Dollar falls to three-month low as Treasury moves to soothe bond jitters

By Ankur Banerjee and Samuel Indyk LONDON, Aug 20 (Reuters) - The U.S. dollar was pinned near a three-month low on Thursday after the Treasury Department moved to calm a bond market selloff that had pushed long-end yields to their highest since 2007, lifting risk sentiment and undercutting the
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Dollar at three-month lows as Treasury seeks to rein in surging bond yields

Dollar at three-month lows as Treasury seeks to rein in surging bond yields

By Ankur Banerjee SINGAPORE, Aug 20 (Reuters) - The U.S. dollar stood at three-month lows on Thursday after the Treasury Department moved to calm a bond market rout that had pushed long-end yields to their highest since 2007, sapping support for the greenback.   
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UK inflation picks up after July surge in household energy bills

UK inflation picks up after July surge in household energy bills

By Andy Bruce and David Milliken LONDON, Aug 19 (Reuters) - A jump in household energy bills pushed British inflation to a four-month high in July, matching forecasts, and it looks set to rise further as the war in Iran grinds on with no end in sight.
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Bank of England to hold rates for remainder of year despite inflation risks

Bank of England to hold rates for remainder of year despite inflation risks

By Nushaiba Iqbal BENGALURU, Aug 18 - The Bank of England will leave interest rates unchanged at 3.75% for the rest of the year, according to a strong majority of economists polled by Reuters, clinging to a view they've held since the U.S.-Israeli war on Iran began in late February.
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Bank of England to hold rates for remainder of year despite inflation risks: Reuters poll

Bank of England to hold rates for remainder of year despite inflation risks: Reuters poll

BENGALURU, Aug 18 - The Bank of England will leave interest rates unchanged at 3.75% for the rest of the year, according to a strong majority of economists polled by Reuters, clinging to a view they've held since the U.S.-Israeli war on Iran began in late February.
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Bond markets from US to Japan whacked as inflation and fiscal worries take hold

Bond markets from US to Japan whacked as inflation and fiscal worries take hold

By Dhara Ranasinghe, Gregor Stuart Hunter and Samuel Indyk LONDON, Aug 18 (Reuters) - Long-term borrowing costs from the United States to Japan and Germany hit their highest levels in decades on Tuesday, as renewed inflation worries added to nagging concerns about the fiscal pressures facing some of