Brexit economy: a turbulent year ends on steadier ground

Most economists think UK economic growth will grow at about 1.5% this year before falling further in 2018, which is better than some of the gloomiest forecasts made just before the referendum for a Brexit-induced recession. However, it also places the UK among the slowest growing of the world’s major economies. The Organisation for Economic […]

Global investors clamour for safe haven in UK government bonds

“The UK is still a large market for bonds and sterling is still a reserve currency behind the dollar and the euro. And the UK is not different to any other country in needing extra funds to support extra spending. It is not an outlier,” he said.

GLOBAL MARKETS-Markets fall as virus woes strike again

“Don’t fight the Fed” is the old adage, but markets seem to be doing their best to do that anyway – a new set of Fed FX swap lines on Tuesday was meant to reassure markets that the U.S. central bank was there to ensure an adequate supply of dollars.

How has the Brexit vote affected the economy? December verdict

Worse than forecast Inflation increase adds to cost of living squeeze The run-up to Christmas was marred by an unexpected further increase in the rate of inflation, as the higher cost of importing food and fuel to the UK, owing to the pound’s weakness since the Brexit vote, exacerbated the squeeze on British consumers. The […]

Oil  Rises as Hopes Build for Global Production Cut

The Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia, a grouping known as OPEC+, had been curtailing production in recent years even as the United States ramped up its own output to become the world’s biggest crude producer.   

GLOBAL MARKETS-Oil slips on oversupply fears, but stocks jump on virus slowdown hopes

“Focus in markets will now turn to the path out of lockdown and to what extent containment measures can be lifted without risking a second wave of infections,” National Australia Bank analyst Tapas Strickland wrote in a note.

GLOBAL MARKETS-Stocks jump on virus slowdown hopes, but oil slips on oversupply

“Focus in markets will now turn to the path out of lockdown and to what extent containment measures can be lifted without risking a second wave of infections,” National Australia Bank analyst Tapas Strickland wrote in a note.

GLOBAL MARKETS-Oil skids on oversupply fears, U.S. stock futures jump

Also weighing on the pound were fears other senior government officials who were in the same briefing as Prime Minister Boris Johnson could be affected by the virus, said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto, Canada.

GLOBAL MARKETS-Oil skids on oversupply fears, stocks jump on virus slowdown

Also weighing on the pound were fears other senior government officials who were in the same briefing as Prime Minister Boris Johnson could be affected by the virus, said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto, Canada.

Global downturn due to coronavirus ‘way worse’ than global financial crisis -IMF

Emerging markets and developing economies were hard hit by the crisis, Georgieva said, noting that nearly $90 billion in investments had already flowed out of emerging markets, far more than during the financial crisis. Some countries were also suffering from sharp drops in commodity prices.