The UK current account deficit "narrowed substantially" at the end of 2020 reports the Office for National Statistics, falling to £5.6BN in the final three months of 2019.
March 31,2020
The UK economy stalled in the final quarter, Office for National Statistics (ONS) data confirmed Tuesday, ensuring a weak handover to a likely testing year with the first quarter alone seen augering a historic slump in GDP.
March 31,2020
The Bank of England (BoE) left interest rates and other monetary policy settings unchanged Thursday but took stock of a tightening in financial conditions, which is further imperilling the economic outlook despite an unprecedented policy response to the coronavirus crisis and a double-digit devaluation of the Pound.
March 26,2020
The unemployment rate may have risen to its highest level for five years this last week after nearly half a million people were said by the government to have applied for welfare payments in the nine days to Wednesday, underlining the threat posed to the economy by coronavirus containment efforts.
March 31,2020
The FTSE 100 trades lower on Thursday as a sharp recovery that saw two consecutive days of gains fades, suggesting a central bank-fuelled rally might have run its course for now.
March 26,2020
The gold price was trading near to multi-year highs on Thursday but has been forecast to rise another 12% before year-end as the coronavirus response of the Federal Reserve (Fed) and other central banks stokes debasement fears and demand for the “currency of last resort”.
March 26,2020
Inflation ticked lower in February thanks to a fall in energy and food price growth, according to Office of National Statistics data released Wednesday, but it's tipped by economists for steep falls in the months ahead as the coronavirus impact shows up in economic data.
March 25,2020
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