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Economic Data - UK economy unexpectedly shrinks:: Morning Brief
Meanwhile, on the economic data front, the Producer Price Index (PPI) reading for July will also be a focal point for investors. PPI data is often looked to as a gauge of U.S. producer prices. ...
UK economy posts surprise contraction, worst quarter since 2012
The British economy has shrunk for the first time since late 2012, after official data Friday showed second-quarter gross domestic product (GDP) contracted by 0.2%. A consensus of analyst forecasts ...
Brexit turmoil drives UK economy towards recession
(Bloomberg pic) LONDON: Britain’s economy unexpectedly shrank in the second quarter of the year on Brexit turmoil, official data showed Friday, placing the country on the verge of a recession. Gross ...
UK economy shrinks for the first time since 2012
The pound slipped after the data was released, raising fears of a recession. A recession occurs when the economy contracts in two consecutive quarters. Economists had not been forecasting a ...
Disappointing UK Data Sends GBP/USD Toward Yearly Low
this area contained the immediate reaction following the data release. I do expect that we break below this support considering the broader trend and momentum. The session ahead is not likely to have ...