02 April 2020 Surge in UK Unemployment Underway as DWP Reports 950K New Benefit Claimants in Just Two Weeks

The labour market is crumbling as coronavirus containment efforts drive a sharp spike in job losses that could have lifted the unemployment rate as much as three percentage points over the last for…

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01 April 2020 ISM Survey Offers Fool's Gold to Investors as Oil Inventories Paint Bleak Picture of Outlook

A widely watched and highly influential Institute for Supply Management (ISM) survey of the U.S. manufacturing sector offered up fool's gold to investors on Wednesday just ahead of an oil inventori…

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01 April 2020 "34% Lower GDP every day the Shock Continues": UK GDP Forecast from Bank of America

Bank of America Merrill Lynch (BofA Global Research) have updated their proprietary consumer survey to take advantage of its real time nature and gauge the hit to the UK economy of the unprecedente…

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31 March 2020 UK Current Account Deficit Narrows "Substantially", but Unlikely to be Sustained

The UK current account deficit "narrowed substantially" at the end of 2020 reports the Office for National Statistics, falling to £5.6BN in the final three months of 2019.

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31 March 2020 UK Economy Stalled at Year-end but Worse Awaits in 2020, Economists Say

  The UK economy stalled in the final quarter, Office for National Statistics (ONS) data confirmed Tuesday, ensuring a weak handover to a likely testing year with the first quarter alone seen a…

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26 March 2020 Bank of England Stands Ready to Act again but Keeps Rates on Hold for Now

  The Bank of England (BoE) left interest rates and other monetary policy settings unchanged Thursday but took stock of a tightening in financial conditions, which is further imperilling the …

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26 March 2020 UK Unemployment Rate Hits 5-year High Ahead of Government's Coronavirus 'Lockdown'

The unemployment rate may have risen to its highest level for five years this last week after nearly half a million people were said by the government to have applied for welfare payments in the ni…

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