CBI: British factory orders manage to recover after October dive
In November, UK factory orders managed to recover, although previously in October they sagged steeply…
British economy demonstrates few signs of comeback as rate lift decision gets closer
The British economy demonstrates few signs of recovering from lethargy due to the fact that the Bank of England is actually considering lifting interest rates. That’s what the British Chambers of Commerce unveiled on Friday.
The BCC's Quarterly Economic Survey of businesses informed that sales at services firms, making up the core of the UK economy were quite robust in the third quarter.
However, there weren’t any visible signs of a pick-up in investment or pay pressures, both of which Britain’s key bank expects to inch up greatly in 2018.
In general, the BCC labeled the poll as "uninspiring", pointing out that currency fluctuations, political uncertainty along with Brexit definitely affect UK businesses.
Notwithstanding confounding estimates that the 2016 vote to break up with the European Union would cause a sudden slowdown, the British economy has struggled in 2017, reporting its worst first-half performance since 2012.
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Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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