U.K. March Retail Sales Unexpectedly Fall as Fuel Plunges

U.K. retail sales unexpectedly fell in March and the government undershot its borrowing forecasts in the latest fiscal year, providing a mixed set of data as parties spar over the economy in the final days of the election campaign.

Pound rises on UK manufacturing surge

The pound has hit a near five-year high against the dollar after a survey suggested that UK manufacturing grew faster than expected in April.

Pound Strengthens Against Dollar as Economic Recovery Broadens

The pound advanced against the dollar as data showed a surge in business investment helped the British economy grow for a fourth straight quarter, boosting the allure of the U.K. currency.

Bank of England could raise interest rates next spring, says MPC member

A Bank of England policymaker has reinforced expectations that the first rise in interest rates will come as soon as next spring, in remarks that pushed up the pound.

Carney Seeks to Maintain Low-Rate Outlook as Economy Gains

Bank of England Governor Mark Carney and his colleagues are debating how they can reflect the strength of the U.K. economy in their forecasts without suggesting that interest rates are about to go up.

Pound Strengthens Versus Euro as Retail Sales Surge; Gilts Rise

The pound strengthened against the euro this week as a government report showed U.K. retail sales grew at a record pace for a December, adding to optimism the recovery is gaining momentum.