UK stocks fall on hawkish cenbanks, weak retail sales data | Malay Mail

LONDON, April 22 — UK shares fell today as the growing prospect of aggressive monetary policy tightening coupled with a sharp drop in retail sales in the country, sparked concerns about economic growth.

“It’s increasingly difficult to see consumer spending avoiding a downturn this summer, even if only modest by some historic standards,” James Smith, developed markets economist at ING wrote in a note. BoE Governor Andrew Bailey said yesterday the central bank was walking a tight line between tackling inflation and avoiding recession with the strength of the labour market a key question right now.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK sets target of 40pc women on company boards | Malay MailLONDON, April 20 — Women should make up at least 40 per cent of boards at British listed companies and one director should be a person of colour, the country’s financial watchdog said today as it set a range of diversity targets for firms’ top leaders. At least one senior position such as...
Source: malaymail - 🏆 1. / 86 Read more »