Tag Archives: UK GDP

The United Kingdom recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the COVID-19 pandemic, as well as a larger decline than any other major economy, updated official figures showed on Monday.Gross domestic product fell by 11.0% in 2020, the …

GBP/USD is up on the day by 11% and traded at 1.3559. the pair has travelled from a low of 1.3507 to score a high of 1.3564 on the day so far. The US dollar is being eyed for prospects of a bid given the perkiness in US yields and …

The GBP/USD has fallen onto the back foot in recent trade and is pressuring back below 1.3515 following a significant correction to 1.3535 as of the early New York session from the 1.3490 territory as traders digest the importance of last week’s main events in the central bank meetings as …

European shares settled at the open on Friday in light of weak trading during the Christmas holidays, after global stocks rose recently on indications that the mutated Omicron may not derail the recovery of the global economy. The pan-European Stoxx 600 index was stable by 0930 GMT, after rising nearly …

European stock indices lost their momentum to trade almost flat on Wednesday, as the global rebound of last session hesitates over uncertainty and fears about the surging infections with Omicron coronavirus variant.The US spending bill, and a worrying backdrop of rising inflation rates contributed to the performance of shares on …