Sterling weakness continued to rock the United Kingdom manufacturing sector in November as further upward pressure on input costs hit home, but demand remained strong.
United Kingdom annualised GDP growth was reported to have held at provisional estimate of 2.3% in the third quarter of 2016 despite the Brexit vote.
In delivering his Autumn Statement this afternoon Chancellor of the Exchequer Philip Hammond announced cuts to growth forecasts and a £23bn fund to tackle a lack of productivity in the British economy.
Politics are the main barrier to broad-reaching - and much needed – infrastructure spending, according to Standard Life Investments (SLI) as it recognises the need for greater fiscal stimulus.
The Office for National Statistics has reported inflation dropped to 0.9% in October, slightly undershooting consensus forecasts of 1.1%.
Japan has reported third quarter annualised GDP growth of 2.2%.
Hargreaves Lansdown’s Investor Confidence Index reached a low of 59 points in November, its lowest level since the index began in 1995.
Gold jumped as much as $75 an ounce on Wednesday, while gold miners surged as investors watched Donald Trump edge ever closer to the White House.
Following Donald Trump’s historic win in US elections, International Adviser asked IFAs across the globe to give their views on the next president.
Donald Trump has won the US presidential election, riding a wave of global anti-establishment sentiment and in a Brexit-like manner, upending the status quo. Republicans also won a majority in both the Senate and House of Representatives.
Friday’s non-farm payroll release was a mixed bag but analysts were encouraged by the drop in unemployment levels.
The Bank of England has moved to play down the prospects of a further cut to the current UK base rate of 0.25%.
In a blow to the government’s ‘Brexit means Brexit’ rhetoric, the UK high court has ruled that Parliament must vote on whether or not to Trigger Article 50 of the Lisbon Treaty.
Brexit-fuelled sterling weakness will push consumer price inflation toward 4% in the middle of next year, the National Institute of Economic and Social Research said on Wednesday.
The UK economy beat Q3 growth expectations with a reported 0.5% rise in GDP, with the services sector acting as ballast to other major industry sector declines.
Economic activity across the six nations of the Gulf Cooperation Council (GCC) region is expected to slow sharply this year, according to the latest regional economic outlook from the International Monetary Fund (IMF).
UK inflation reached 1% in September, its highest rise since November 2014.
Led by China, Asia created one billionaire nearly every three days and accounted for over half of new billionaires in 2015 despite global billionaire wealth declining last year by $300bn to $5.1trn (£4.2trn, €4.6trn), according to a joint UBS Group and PwC report.
Confirmation that UK Prime Minister Theresa May would trigger Article 50 by the end of Q1 2017 rattled sterling and catapulted the FTSE 100 index to its highest level in over a year.
Fidelity’s Nick Price on the latest developments in Emerging Markets.
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