UK

Pound faces mid-Atlantic as markets eye BoE blink

Bank of England rises intrest rate to 1.75% as inflation hits 13%
Whatever new year fillip the euro zone economy got from ebbing natural gas prices, the UK saw none of it - showing just how peculiarly British the downturn there has become and heaping pressure on the Bank of England.
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Shoppers walk past a branch of Marks and Spencer in Altrincham, Britain

Britain's M&S to invest $587 million in store estate

British clothing and food retailer Marks & Spencer plans to open 20 new, bigger stores in its 2023-24 year as part of a radical overhaul of its store estate that will see it invest 480 million pounds ($587 million).
Britain's economy defied expectations as World Cup fans flocked to pubs and bars

UK economy wins World Cup boost but recession looms

Britain's economy unexpectedly grew in November as consumers splurged during the World Cup, official data showed Friday, but analysts warned that it remains on course for recession due to the cost-of-living crisis.
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