A positive week for Sterling

Following the drama of the last couple of weeks, the last five days have been relatively quiet on the economic front. There were no major economic releases coming out of the UK.

Over the course of the week, we’ve seen the Pound slowly gain ground against both the Euro and the Dollar. This is in a large part due to the weakening of the USD and also due to the ongoing positivity generated by the Autumn Statement.

Next week we’ll see unemployment and GDP figures out of the US which could have an impact on the markets as well as inflation figures in the Eurozone’s largest economy- Germany.  These could have an impact on the markets.

Once again, there are set to be no major UK economic announcements next week (or the week after.) We’ll have to wait until the w/c 12th of December for our next glimpse into the state of the UK economy.

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A positive week for Sterling

A positive week for Sterling

Following the drama of the last couple of weeks, the last five days have been relatively quiet on the economic front. There were no major economic releases coming out of the UK. Over the course of the week, we’ve seen the Pound slowly gain ground against both the Euro and

UK digests new economic policies announced in Autumn Statement

UK digests new economic policies announced in Autumn Statement

It has been a huge week for the UK economy. On Tuesday the rate of unemployment rose slightly from 3.5% to 3.6%. This was swiftly followed by higher-than-expected inflation figures on Wednesday. UK inflation is now sitting at a whopping 11.1%, a 41-year high. Yesterday we saw the Autumn Statement

UK braced for next week’s big Budget Statement

UK braced for next week’s big Budget Statement

It’s been a mixed week for the markets.  This morning saw the announcement of new GDP figures which showed the UK economy had contracted by 0.2% in the last quarter, pushing the UK ever closer to officially being in recession. It’s worth noting that the Bank of England already believes

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