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 economic outlook despite an unprecedented policy response to the coronavirus crisis and a double-digit devaluation of the Pound.

March 26,2020

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 nine days to Wednesday, underlining the threat posed to the economy by coronavirus containment efforts.

March 31,2020

Markets not in the clear yet

The FTSE 100 trades lower on Thursday as a sharp recovery that saw two consecutive days of gains fades, suggesting a central bank-fuelled rally might have run its course for now.

March 26,2020

The gold price was trading near to multi-year highs on Thursday but has been forecast to rise another 12% before year-end as the coronavirus response of the Federal Reserve (Fed) and other central banks stokes debasement fears and demand for the “currency of last resort”. 

March 26,2020

Inflation ticked lower in February thanks to a fall in energy and food price growth, according to Office of National Statistics data released Wednesday, but it's tipped by economists for steep falls in the months ahead as the coronavirus impact shows up in economic data.

March 25,2020

US economy to shrink sharply

The impact of the global coronavirus pandemic is expected to see the U.S. economy shrink 17.7% in the second quarter of 2020 and lead to a surge in unemployment, according to economists at independent research house TS Lombard.

March 31,2020

CLS Group trade in FX

CLS has reported a surge in activity in global foreign exchange markets in February 2020, a development that appears linked to the increase in market turmoil triggered by the global spread of the coronavirus pandemic.

March 26,2020

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