GDP expanded by 0.6 per cent in the first three months of 2024, faster than expected and clawing back ground after going into reverse at the end of 2023.
Canadian Dollar surges in early US session after much stronger than expected job data that blew past market expectations. The Loonie is taking over Sterling’s position as the best performer of the day, with the latter lifted slightly by…
In the face of serious economic and developmental challenges, the Nigerian Government through the Strategic Blueprint of the Federal Ministry of Communications, Innovation, and Digital Economy has identified digitalisation as a key enabler…
The British pound is drifting on Friday. GBP/USD is up 0.05%, trading at 1.2531 in the European session at the time of writing. UK GDP rises 0.6% The British economy grew by 0.6% q/q in the first quarter, higher than the market estimate of…
Britain’s economy experienced its most substantial growth in almost three years during the first quarter of 2024, marking the end… Continue reading UK emerges from recession with 0.6 per cent GDP growth
The UK has successfully navigated its way out of a recession, with the gross domestic product expanding by 0.6% in the first quarter, according to official figures released on Friday.
UK GDP grew 0.4% mom in March, well above expectation of 0.1% mom. Services output rose 0.5% mom. Production output rose 0.2% mom while construction output fell -0.4% mom. For Q1, GDP grew 0.6% qoq, above expectation of 0.4% qoq. Compared…
Sterling remains one of the weakest performers this week, despite lack of strong selling momentum. BoE Chief Economist Huw Pill reaffirmed the market’s expectations that the central bank would start to consider interest rate cuts in…