Tag Archives: UK

Britain’s economy grew more than expected in the last three months of 2021, when a wave of Omicron infections hit the country. The Office for National Statistics said gross domestic product in the world’s fifth-largest economy rose 1.3 percent in the fourth quarter of last year compared to the previous …

The GBP/USD pair has recovered from post-BoE lows in the 1.3100s and is back in the green above 1.3150. The pair hasn’t yet been able to get back to pre-BoE levels at 1.3200 as traders mull the dovish meeting.BoE dovishness coupled with headwinds to the global economy as a result …

Retail Sales in the US rose by 0.3% on a monthly basis in February to $658.1 billion, the data published by the US Census Bureau showed on Wednesday. This reading fell short of the market expectation for an increase of 0.4%. On a positive note, January’s print got revised higher …

After a historically volatile week, WTI is more subdued on Friday, remaining capped under $110 but supported above $104. WTI is on course for a weekly drop of over $7.0, which would be its worst one-week performance since November.Global oil markets look set to end a historic week of energy-related …

Data showed that the British economy recorded in January a recovery that far exceeded expectations from the decline caused by the Coronavirus in late 2021, which will increase the motivation of policymakers in the Bank of England to raise interest rates next week. The National Bureau of Statistics said gross …

Russia’s wealth of commodities seems too big to sanction. Russia’s vast energy exports have been subject to unprecedented sanctions imposed by the Western nations in response to the invasion of Ukraine. In 2020, Russia produced 638.5 billion cubic meters of natural gas, decreasing the volume by approximately 40.5 billion cubic …

Ukrainian President Volodymyr Zelensky addressed the UK House of Commons via video on Tuesday, saying Ukraine “will not give up” on defending itself against Russia.Key Quotes:“I’m addressing you as a citizen as a president of also a big country with a dream and big effort,” Zelensky started his address by …

According to the latest UK government’s statement, on Tuesday the United Kingdom will taper its imports of Russian energy and oil products by the end of the current year 2022.This move will give the market, businesses and supply chains more than enough time to replace Russian imports by similar goods …

As western companies continue to make decisions whether to suspend operations or withdraw from Russia due to its invasion of Ukraine, China has become a possible Plan B.Russian banks that include Sberbank, the country’s largest bank by assets, and Alfa Bank said that they are exploring the possibility of issuing …

Gold Price retreats from a fresh multi-month high and filled the weekly opening gap. As the US braces for Russian oil import ban even without allies, UK Defense Chief hints at further violence in Kyiv. Gold price bounced from an intraday low of $1,960.95, quickly recovering roughly $15 per troy …