Few signs of election uncertainty undermining UK recovery
UK business surveys suggest that Q1's 0.3% rise will be revised up and/or that quarterly growth will soon revert to rates of closer to 1%. Indeed, there are few signs that uncertainty about the result of Thursday's gener…
UK business surveys suggest that Q1's 0.3% rise will be revised up and/or that quarterly growth will soon revert to rates of closer to 1%. Indeed, there are few signs that uncertainty about the result of Thursday's general election is harming the economy.
Admittedly, the hung parliament that looks highly likely could lead to a more prolonged period of political uncertainty - but even that need not damage the economy significantly.
"Although GDP posted its smallest quarterly rise since 2012 in the first quarter of this year, we doubt that the economy is on the cusp of a renewed slowdown. We continue to think that the economy this year will manage to grow at a similar rate to last year's 2.8% growth." said Capital Economics
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
