The UK economy grew by 0.1% in February, despite a miserably wet and windy month. Manufacturing and services both suffered as a result of the weather, but it was not enough to totally dampen economic activity.
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The UK economy recorded its second consecutive month of growth in February as GDP expanded by 0.1%. That figure may seem paltry, but it could prove all important as the UK looks to emerge from its technical recession…
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The US dollar is still riding high against all comers this morning, unimpressed so far by the UK’s continued emergence from recession. USD/GBP is 0.66% up over the week and a good 2% over the month.
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The euro remains on the backfoot following ECB President Christine Lagarde’s pointed refusal to be influenced by the USA’s rising inflation level, and the single currency duly has weakened by around a quarter of a percent almost across…
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Following this morning’s boost to GBP caused by the GDP data, sterling enters another round of high-impact data next week, starting with unemployment and earnings on Tuesday and inflation on Wednesday.
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Sterling has hit a two-week high against the euro this morning following news that the British economy is continuing to head out of recession. GBP/EUR had already been boosted yesterday afternoon, following the European Central Bank (ECB) opting…
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The euro remains under pressure this week as policymakers at the European Central Bank seem primed to deliver more interest-rate cuts than their American peers. This afternoon, the ECB is expected to keep rates unchanged at 4.5% but…
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On Friday morning investors will hear whether UK GDP flatlined in February, as forecasts suggest. This comes following 0.2% growth in January.
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