About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
British economy suddenly picks up, although Brexit still impacts
The UK economy suddenly picked up for the last three months of the previous year. That’s a fresh indication that the hit from the Brexit vote didn’t appear to be as abrupt as once feared by market participants.
GDP tacked on by 0.55 for the fourth quarter from last three months, which is faster than the median estimate for ascend of 0.4% in a Reuters survey of market experts.
It appeared to be the fastest tempo of quarterly surge in 2017.
The Office for National Statistics told that the big picture was still one of the slowest and also most uneven expansions in the world's number six economy.
In 2017 in general surge accounted for 1.8% versus 1.9% in 2016 - the slowest reading since 2012.
The UK economy soared more weakly than other big highly developed countries for much of 2017 because the impact of the 2016 Brexit vote spurred inflation, while many businesses became cautious ahead of the departure from the EU in March 2019.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.