UK Wage Growth Picks Rises at Fastest Pace since April 2010 as Labour Market Tightens in October

The UK trade in goods deficit widened further than was expected in October as imports continued to grow faster than exports, suggesting 'net trade' made little contribution to GDP at the beginning of the final quarter. 

The Governor and other senior officials of the Bank of England have warned against the UK financial services sector being governed by Europe, as would be the case in any backstop scenario or EEA membership plan.

The IHS Markit Service PMI for November read at 50.4; a few ticks away from the 50 figure that marks the watershed between expansion and contraction.

Data from the CBI shows UK retailers to have enjoyed a strong pickup in activity ahead of the crucial Christmas trading period.

The UK construction industry made a solid start to the final quarter of the year, according to November's IHS Markit construction PMI, suggesting the sector is coping well with an increasing level of uncertainty over the path toward Brexit.

The global oil market has gone from boom to bust all within the space of a month and the outlook for prices has deteriorated markedly, with significant positive and negative implications for economies the world over.