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GBP/USD depreciates to near 1.2650 ahead of UK monthly GDP

GBP/USD continues to lose ground due to risk aversion amid US tariff threats. US PPI provided support for the US Dollar as it jumped 0.4% MoM in November, the largest gain since June. Traders await the UK’s key economic data…

UK economy unexpectedly declines as services sector stalls

The UK economy unexpectedly contracted in October, marking two months in a row of negative growth for the first time since the pandemic, new figures show. Chancellor Rachel Reeves said the data was “disappointing” as she said the Government was hoping…

UK economy shrinks for second month, contracting 0.1% in October – NBC10 Philadelphia

Britain’s economy contracted unexpectedly in October, according to data from the U.K.’s Office for National Statistics. GDP fell by 0.1%, the latest print showed, marking the second consecutive monthly downturn. The British pound was trading lower against the dollar Friday…

UK economy shrinks unexpectedly by 0.1% in October

The UK economy contracted by 0.1% in October, according to the Office for National Statistics (ONS). Economists in a Reuters poll had expected growth of 0.1%. It follows sluggish expansion of 0.1% in the third quarter of the year, according…

Pound Sterling slides as decline in UK GDP stems economic concerns

The Pound Sterling sells off sharply after data showed the UK monthly GDP surprisingly declined by 0.1% in October. UK Industrial and Manufacturing Production also contracted in October compared with the previous month. Investors expect the Fed to pause the policy-easing spell…

In new blow, UK suffers first back-to-back GDP declines since 2020

Britain’s economy contracted for a second consecutive month in October ahead of the government’s inaugural budget, marking the first back-to-back declines in output since the COVID-19 pandemic and posing a challenge for new Treasury chief Rachel Reeves. Gross domestic product…

UK monthly GDP growth 2024

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Britain’s economy suffers first back-to-back decline in October since 2020

Open this photo in gallery: People shop at a grocery market in London.EMILIE MADI/Reuters Britain’s economy shrank for a second month in a row in October in the run-up to the government’s first budget, the first back-to-back falls in output…

Cathay expects Taiwan’s GDP to rise 2.8% in 2025, no immediate rate change

Taipei, Dec. 14 (CNA) Cathay Financial Holding Co., the largest financial holding firm in Taiwan, has forecast the country’s gross domestic product (GDP) will grow 2.8 percent in 2025 while anticipating the Central Bank of the Republic of China (Taiwan)…

G20 GDP growth continued at a stable pace in Q3 2024: OECD

Gross domestic product (GDP) in the G20 area rose by 0.7 per cent in the third quarter of 2024, slightly up from the 0.6 per cent growth rate (revised from earlier estimate of 0.7 per cent) recorded in the second…