The UK inflation rate dropped like a stone in August, official figures from the Office for National Statistics (ONS) revealed Wednesday, which puts the Bank of England (BoE) in an awkward position but also means that consumer prices could offer support to a struggling economy over the coming months. 

September 18,2019

Oil prices are tipped to remain close to Tuesday levels over the coming weeks but could easily extend higher if Saudi Arabia is unable to promptly restore its lost production capacity, according to Commonwealth Bank of Australia (CBA), although prices still remain some way off the global economy's pain point.

September 17,2019

The UK jobs market remained in rude health during July, Office for National Statistics figures revealed on Tuesday, as the domestic economy appeared to weather the calamitous Brexit saga and infighting in parliament as well as global turmoil caused by the U.S.-China trade war. 

September 10,2019

The UK could be on course to avoid a 'technical recession', forecasters suggested on Monday, after Office for National Statistics (ONS) data revealed a sharp rebound in growth during July that bodes well for the economy in the third quarter. 

September 9,2019

The UK's  largest economic sector was left treading water in August amid heightened uncertainty over the outcome of the Brexit process, the latest IHS Markit Services PMI showed Wednesday, delivering a further blow an economy that was already under threat from a possible 'technical recession' that some forecasters still say will be avoided.

September 4,2019

The outlook for the economy in the third quarter darkened on Tuesday if the IHS Markit construction and manufacturing industry PMI surveys are to be believed, with output from both sectors having fallen in line with the increase in 'no deal' Brexit risk, although some still see growth rebounding during the three months to the end of September.

September 3,2019