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Eat Out to Help Out Lifts UK GDP 2.5% in August says Deutsche Bank

HM Treasury’s innovative Eat Out to Help Out scheme likely provided a meaningful boost to the economy in August, according to Deutsche Bank, although its expiry and statistical base effects could mean that it bites September’s GDP numbers ahead of a possibly bleak winter.

September 18,2020

"Investors Should be Scared" of Fed's "Mouse Trap" says Saxo Bank

Fed Mouse Trap

Powell's dovish message is bad news for the market says Althea Spinozzi, Fixed Income Specialist at Saxo Bank, who says the Fed is dragging us towards unsustainable levels of corporate debt and ever-low interest rates.

September 17,2020

Underwhelming U.S. Retail Sales Show Washington’s Boots Too Large For Households to Fill Alone

Retail sales figures underwhelmed for the month of August on Wednesday, casting a shadow over the outlook for recovery in the world’s largest economy after Washington lawmakers’ pre-election political jockeying left households with a pair of boots that have proven too large for them to fill so far.

September 16,2020

Help Out to Eat Out Sends Inflation Plummeting

Inflation down on eat out to help out

Falling demand for international travel and the Eat Out to Help Out scheme meant prices in the UK fell 0.4% between July and August, according to the ONS.

September 16,2020

"Brutal Period of Redundancies" Ahead: Economist Reactions to UK Employment Data

UK economy and labour market

The UK reported better than expected headline employment figures on Tuesday, however economists remain overwhelmingly of the opinion that the labour market will deteriorate significantly into year-end.

September 15,2020

UK has Preordered Five Covid-19 Vaccine Doses per Citizen, Giving the Economy and Pound Sterling a Potential Advantage over Rivals says Deutsche Bank

Vaccine manufacture

The UK has preordered enough vaccines to provide five doses per citizen, courtesy of committing orders with six of the leading vaccine developers as the government attempts to hedge its bets.

September 15,2020

London's Euro Clearing at Risk in Spat Over Internal Markets Bill

City of London lion

The EU is set to delay a decision on allowing City of London clearing houses to continue clearing Euro transactions for EU-based clients due to concern over Britain's plan to breach its Brexit divorce settlement, reported Reuters, quoting "a derivatives industry source".

September 15,2020

More Articles …

  1. GDP Jumps in July but Full Recovery Only Likely by 2022 says Economist
  2. UK Economy Forecast to Have Grown 7% in July
  3. Brexit Trade Deal Chances set at 30-40% in Downing Street: Reports
  4. UK Economy "Paying the Price" for Brexit and Covid-19 Lockdown Policy Decisions says Berenberg
  5. Barnier Pushes for October Brexit Trade Deal, UK Rejects Accusation it Has Not "Engaged Constructively"
  6. Covid-19 Reinfection Panic "Hugely Overdone" says SP Angel's Meyer
  7. UK Economy's Growing £2 Trillion Debt Pile Said to Constrain Chancellor in Autumn Budget 
  8. UK Retail Sales Boom Seen Fading with Government Financial Support

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