GBP/USD (British pound sterling/US dollar)

GDP contracted 0.6% in June alone as Britain faces a prolonged recession and the worst inflationary crisis since the 1970s.

“In addition to the Russian threat from energy prices, the European manufacturing industry now has to contend with drought conditions and low water levels on the Rhine,” added ING. “That will challenge coal shipments, amongst other cargoes, and is keeping European natural gas prices bid near the highs. This factor remains an outright euro negative.”

By Scott Kanowsky

The employment index reached its highest reading in over two and a half years at 114.79 as employers aim to fill up vacancies, according to the latest BDO business trends report.

Poundland have announced that they are are selling items for just 1p every Wednesday online as well as cutting prices on more than 1,000 items.

(Bloomberg) -- The pound’s fortunes are so bad they now look worse than the euro’s.Most Read from BloombergChina Announces Sanctions on Nancy Pelosi Over Taiwan TripChina Likely Fired Missiles Over Taiwan in Drills, Japan SaysDemocrats Drop Carried Interest as Sinema Paves Way for Tax VoteA looming UK recession, double-digit inflation and a new government are set to hit sterling in coming months. That’s led traders to hedge on a drop against the euro, even as Europe’s common currency struggles b

The company acquired 1.1 million new customers last year as the lockdown-driven boom in pet ownership created new opportunities.

The world's largest advertising group made £6.8bn in half-year sales.

The 300-year-old financial markets and data group is set to return the cash to shareholders over the next year thanks to a 73% surge in first-half profits to £803m.

The Bank of England governor has urged workers and businesses to resist pushing for high wage and prices to match inflation.

Still, house prices remain more than £30,000 higher than this time last year.

The Bank of England, as expected, delivered its largest rate hike in more than 27 years on Thursday in an effort to rein in inflationary pressures that policy makers

Sterling edged higher against the US greenback to $1.215, while it was also 0.14% up against the euro.

If you’re a water baby, why not consider a home with a swimming pool already in situ?

The U.S. dollar handed back some of its earlier gains in European trade Thursday, while the pound was flat ahead of the latest Bank of England rate decision. Helping the dollar this week has been a reassessment of the likelihood of the Federal Reserve to maintain its aggressive monetary tightening stance in the wake of reasonable economic data and hawkish comments from a number of policymakers. Additionally, a number of Fed policymakers, including San Francisco Fed President Mary Daly and Minneapolis Fed President Neel Kashkari on Wednesday, have been keen this week to emphasize that the fight to rein in soaring inflation was set to continue, even if the associated rate hikes could significantly curb economic activity.

The cost of living crisis has led to millions of people struggling to afford essential telecoms, a new report has found.

The increase in prices charged by firms was the smallest in five months.

Orders slowed on the company’s platform following a pandemic surge.

Drivers are paying nearly £9 more for a tank of fuel than they should be.

Markets brace for biggest interest rate rise for more than a quarter of a century.