USD: GDP growth rate in line with expectations

The headline release from America yesterday was the second estimate of the GDP growth rate for the third quarter of 2018. Last time around, figures showed that the economy grew by a whopping 4.2% and a more modest figure of 3.5% was expected this time around. And so...


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No-deal Brexit worse than financial crisis

Another day, another gloomy assessment of the potential effects of the UK’s withdrawal from the EU. Actually, there were a few gloomy assessments to add to the ones we have already seen this week. Chancellor Philip Hammond began the day by saying that the UK will be...


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