Last modified on Wed 12 May 2021 15.54 EDT
A rapid rollout of the Covid-19 vaccine across the UK’s four nations lifted GDP by 2.1% in March, helping prevent a steep decline in the economyduring the third lockdown in the first three months of the year.
The economy retreated by a better than expected 1.5% during the first quarter of 2021 as the vaccine programme allowed the government to begin easing restrictions while businesses adapted to the constraints at a quicker pace than expected.
City economists upgraded their growth forecasts for the rest of the year after the figures from the Office for National Statistics showed momentum in the economy exceeded their expectations.
Key elements: Antique fixtures, steel-framed shower, hex tile.
Architect Jim Rill and designer Lauren Liess teamed up to create this 1900s-inspired space in a recently renovated Reston house. “The client was really drawn to those old, turn-of-the-century New York City buildings,” says Liess.
To capture that feeling in an otherwise new room, she brought in genuinely vintage touches, such as the towel bars and the prismatic-glass ceiling light. Other elements, including the tub sprayer and custom vanities, are modern-day recreations of antique pieces. Matte black hex tiles, brass library sconces, and a steel-framed shower enclosure with transom-style glass add to the industrial aesthetic.
FTSE 100 holds on to slight gains; Wall Street digests positive jobless claims data
Companies
FTSE 100 holds on to slight gains; Wall Street digests positive jobless claims data
The UK blue chip index closed higher after positive economic news
FTSE 100 adds 37 points
US stocks see mixed performance
UK service sector growth fastest since 2013
5:05pm: BoE meeting propels FTSE to positive day
The FTSE 100 ended Thursday up 37 points, 0.5%, at 7,076, while the FTSE 250 added 105 points, 0.5%, to 22,491. UK stocks have managed to stave off any of the losses seen on mainland Europe, with a positive assessment from the Bank of England highlighting a strong 2021, IG Senior Market Analyst Joshua Mahony said. The Bank of England meeting gave plenty of grounds for optimism, with the bank raising forecasts to predict the best year of growth since the second world war. The dramatic upgrade in growth forecasts saw the bank predict a rate of 7.25% over the course of 2021; up from the
FTSE 100 holds on to slight gains; Wall Street digests positive jobless claims data
Companies
FTSE 100 holds on to slight gains; Wall Street digests positive jobless claims data
The UK blue chip index closed higher after positive economic news
FTSE 100 adds 37 points
US stocks see mixed performance
UK service sector growth fastest since 2013
5:05pm: BoE meeting propels FTSE to positive day
The FTSE 100 ended Thursday up 37 points, 0.5%, at 7,076, while the FTSE 250 added 105 points, 0.5%, to 22,491. UK stocks have managed to stave off any of the losses seen on mainland Europe, with a positive assessment from the Bank of England highlighting a strong 2021, IG Senior Market Analyst Joshua Mahony said. The Bank of England meeting gave plenty of grounds for optimism, with the bank raising forecasts to predict the best year of growth since the second world war. The dramatic upgrade in growth forecasts saw the bank predict a rate of 7.25% over the course of 2021; up from the
May 6, 2021 - Written by John Cameron
The Pound to US Dollar (GBP/USD) exchange has been volatile today following the latest Bank of England (BoE) interest rate decision.
At the time of writing the GBP/USD pairing are trading at around $1.3897 as the US Dollar is supported by US jobless claims falling further than expected.
Pound Sterling (GBP) Exchange Rate Mixed on BoE Interest Rate Decision
The Pound has been mixed against the US Dollar for much of the day after the latest interest rate decision from the BoE.
The BoE chose to keep interest rates unchanged at 0.1%, however the bank chose to raise its growth forecasts for the UK, saying that the economy looks stronger than first expected in a report back in February.