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Montevideo, December 10th 2018 - 06:25 UTC

Tag: UK GDP

  • Thursday, August 9th 2018 - 06:38 UTC

    Pound falls below US$ 1.29 for the first time in almost a year

    Bank of England governor Mark Carney said on Friday the chances of a no-deal Brexit were “uncomfortably high”

    The pound has fallen below US$1.29 for the first time in almost a year on continuing worries Britain will leave the EU without a trade deal. Sterling also hit a nine-month low against the euro, and was down against the yen and Swiss franc.

  • Wednesday, January 31st 2018 - 08:55 UTC

    UK economy expands 0.5% in fourth quarter and 1.8% for the whole of 2017

    The production-side breakdown of GDP showed that the dominant services sector advanced 0.6% in the fourth quarter, the fastest pace in a year.

    The UK economy expanded at a slightly faster pace in the fourth quarter on services and manufacturing output, but the full-year growth was the weakest in five years, preliminary data from the Office for National Statistics showed. GDP grew 0.5% sequentially in the fourth quarter, while the rate was forecast to remain unchanged at 0.4%.

  • Wednesday, July 5th 2017 - 07:30 UTC

    Britain's growth prospects downgraded because of “newly created uncertainty”

    The 2018 forecast reflects ”newly created political uncertainty”, lower business investment because of Brexit and weaker consumer spending.

    Economists have downgraded Britain’s growth prospects in the wake of political uncertainty following the general election and as a prolonged Brexit drag on business investment looms. New forecasts by the Centre for Economics and Business Research (Cebr) show that the UK economy will grow by just 1.3% in 2017, a substantial downward revision from an earlier forecast of 1.7%.

  • Saturday, August 9th 2014 - 06:33 UTC

    Bank of England inflation forecast, next week could give an idea on future hike

    Governor Mark Carney said last month that the BoE needed to start hiking record-low interest rates in the coming months as the British economy picks up

    The Bank of England opted this week to keep its main interest rate at a record-low level of 0.50% against a backdrop of solid British economic growth. The central bank's nine-member monetary policy committee decided also to maintain the level of cash stimulus in the economy at £375 billion, it said in a statement.

  • Thursday, March 24th 2011 - 06:32 UTC

    Bank of England remains divided 6 to 3 on interest rate hike

    Long-time hawk Andrew Sentance voted again for a half-point hike

    Six members of the Bank of England’s nine-strong Monetary Policy Committee, including Governor Mervyn King, continued to oppose the minority campaign for an immediate rise in benchmark UK interest rates at the MPC’s meeting two weeks ago, minutes revealed Wednesday.