The Bank of England announced its decision to hike interest rates a whopping 0.5% to 1.75% in its meeting today, representing the highest level since 2009. The move comes in a bid to tackle soaring inflation, which currently stands at a 40-year record of 9.4% and was previously estimated to reach 11% in October this […]

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The US Dollar declined from its 20-year record high in advance of the US Federal Reserve’s interest rates decision, which is predicted to see a 0.75% rise in a bid to combat soaring 9.4% inflation across the Atlantic. According to Reuters, traders are betting on a 0.75% increase with an outside chance of a more […]

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UK GDP contracted by 0.3% in April, representing the second consecutive month of decline after the 0.1% fall in March, according to the latest data from the Office of National Statistics (ONS). The report confirmed services fell by 0.3% in April this year, which was the major contributor to the slide in GDP over the […]

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Stagflation has become a rising tide on the UK economic front in recent weeks, with the word batted back and forth across the news forums in a swell of recession warnings and spiking inflation. However, what does the term mean for the UK economy, and what does it mean for the average British consumer? Stagflation […]

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Global stock markets were rocked on Thursday as the growing threat of inflation and slow growth sent equities deep into the red. The FTSE 100 as sank over 2% as UK GDP fell by 0.1% in March, raising fears of a global recession after US GDP contracted 0.4% in the first quarter. “The FTSE 100 […]

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Western markets look set to end the week on a sour note, with the FTSE slipping to a 9 day-low as trading closed and both its US and European equivalents weathering similar drops. The FTSE is among the worst casualties of the day, contemplating the new Office for National Statistics (ONS) data revealing that UK […]

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The UK’s GDP surged by 15.5% in the third quarter, hitting record-breaking Q3 growth. According to the Office for National Statistics, the growth is the largest quarterly growth ever recorded. Despite the record growth, the GDP has still missed expectations and continues to be 9.7% less than before the pandemic. The surge in the economy […]

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In its statement on Thursday, the Bank of England said “there are signs that consumer spending has softened across a range of high-frequency indicators, while investment intentions have remained weak”. This, and the need to help the government introduce renewed fiscal support during lockdown, saw the central bank announce an additional £150 billion in QE. […]

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Portfolios have had to use their back-up parachutes this week, having used their first ones on March’s market free-fall. After three days of consecutive losses, global equities pretty much held their ground on Thursday, thanks to ECB stimulus and GDP announcements. Speaking earlier in the day, IG Chief Market Analyst, Chris Beauchamp, said: “A degree […]

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According to data from the OECD, Statista and the World Bank, the global economy is set to lose $3.94 trillion in ‘real GDP’ in 2020, due to the COVID pandemic. We should understand real GDP as a measure of the sum of goods and services produced by a country, with factors such as inflation factored […]

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The FTSE 100 rose 0.3% after the bell on Monday amid news that the US stimulus bill might be possible. Despite the small rise, increases in the blue-chip index remained muted fears of new Coronavirus restrictions and Brexit concerns. The FTSE 100 had slower growth as the pound shot 0.3% higher against the dollar and […]

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The FTSE 100 rose 0.5% on Friday’s opening, despite the new figures showing GDP to rise at a slower rate than expected. Instead, investors focused on the idea of more stimulus in the US after Donald Trump initially cancelled talks on Tuesday. The blue-chip index rose to 6,009 points, whilst the FTSE 250 increased by […]

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Speaking on one of the world’s largest and fastest-growing economies, Fund Manager of the India Capital Growth Fund (LON:IGC), David Cornell, told the UK Investor Magazine what to be excited about as India recovers from the Covid slump. What makes India’s economy tick, and how is it innovating? According to Mr Cornell, India’s tech sector […]

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New figures from the Office for National Statistics (ONS) have consolidated suspicions that the UK economy suffered its largest quarterly fall on record between April and June this year due to the impact of the coronavirus pandemic. Gross domestic product – GDP – fell by 19.8% in the second quarter of 2020, in what has […]

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On Wednesday, data collected by the Office for National Statistics (ONS) showing two quarters of consecutive GDP decline confirmed what many have been expecting since the impact of the coronavirus pandemic first struck the economy at the start of the year: the UK is officially in recession. After a record contraction of 20.4% between April […]

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While some have praised the 1.8% growth in UK GDP in May, it lagged far behind the forecast 5.5% growth for the month, as consumer anxiety began to diminish and businesses readied themselves for the ‘new normal’. In what has been dubbed the biggest economic decline in 300 years, the Office for Budget Responsibility predicted […]

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The UK economy nosedived 20.4% in April 2020 in the largest monthly fall since records began, according to the Office for National Statistics (ONS). The report described the impact of the coronavirus pandemic as a “significant shock” to the economy, citing the dramatic fall in GDP and “record broad-based falls in output for production, services […]

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The British Pound has appreciated on Tuesday following positive reports of UK Economic Growth in December. The data from the ONS, painted a positive picture on Tuesday where December was a positive month for the UK economy, however on a quarterly basis economic growth remained flat. Despite quarterly growth remaining flat, it seems that there […]

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In what was a largely tight-lipped appearance before the Treasury Committee, Governor of the Bank of England Mark Carney cited today’s Sterling rebound as being due to a no-deal Brexit scenario looking less likely. Following a sharp dip yesterday, in the build up to the historic meaningful vote in Commons, Carney told members of the […]

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PricewaterhouseCoopers (NYSEARCA:PWC) have released their latest projected GDP rankings for 2019, with these latest rankings dropping the UK from fifth to seventh place. This follows the announcement that the World Bank dropped the UK to ninth in their business rankings, with most bearish outlooks being attributed – unsurprisingly – to Brexit uncertainty. While currency concerns […]

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With institutes such as the EMU releasing their Q3 performance figures, it has been apparent this morning that even the most reliable large economies have seen their GDP growth hit a period of friction in 2018. Alongside the UK; Japan, Germany and China have all seen disappointing GDP performance. Trade tensions, turbulent exchange rates and […]

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