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Mon 12 Apr 2021 16:21GMT

China News

Latest 10 news items tagged China

Pound (GBP) Rises as UK GDP is Revised Up for Last Quarter of 2020 Published: 31 Mar at 3 PM 2021
<h2>Pound (GBP) </h2> The Pound (GBP) rose today after the latest UK GDP report for the fourth-quarter of 2021 was revised up. However, this was not enough to fully bolster confidence in the UK economy, as the figure had only been slightly revised up to 1.3% from the record slump of 1%. Today also saw UK House Prices dip by 0.2% in March, leaving some GBP investors more cautious about the outlook for the nation’s economy. Robert Gardner, Nationwide’s Chief Economist, commented on the data: ‘Given that the...
Pound (GBP) Struggles Despite UK Business Activity Soaring to a 7-Month High Published: 24 Mar at 12 PM 2021
<h2>Pound (GBP) Sinks Despite Covid-19 Vaccine Optimism Buoying Markets</h2> The Pound (GBP) fell against many of its competitors today despite UK business activity growing at its fastest rate since August. Today’s flash March PMI shows that UK manufacturing and services output had soared to a 7-month high after February’s contraction. Chris Williamson, Chief Business Economist at IHS Markit, commented on the data: ‘The UK economy rebounded from two months of decline in March, with business activity growing...
Pound (GBP) Rises as UK Reveals 2021 Budget Published: 3 Mar at 4 PM 2021
<h2>Pound (GBP) </h2> The Pound rose today following Chancellor Rishi Sunak’s announcement of the 2021 Budget. Sunak confirmed the extension of the furlough scheme until September. Today also saw news that the Office for Budget Responsibility (OBR) now expects the UK economy to grow by 4% this year owing to a ‘swifter and more sustained recovery’ than expected in November last year. Consequently, GBP investors have become more confident about the UK economy going forward. In UK economic data, today saw the...
Pound Rises Despite UK Retail Sales Hitting Their Lowest Levels Since May Published: 9 Feb at 4 PM 2021
<h2>Pound (GBP) </h2> The Pound rose today as 18.4% of the UK population have received at least one dose of the Covid-19 vaccine. As a result, UK markets are more optimistic that mass vaccination could help the nation’s economy recover in the months ahead. However, today saw the publication of the latest UK BRC Retail Sales data for January, which rose by 7.1%. Helen Dickinson, the Chief Executive at the BRC, said: ‘January saw retail sales growth decline to its lowest level since May of last year. The current...
Markets Jittery as Investors Continue to Avoid Taking Risks Published: 19 Jan at 5 PM 2021
Pound Sterling (GBP) Pound movement has been mixed this week so far. While Sterling’s outlook is gradually improving on coronavirus recovery hopes, none of this week’s news has been optimistic enough to give the Pound the leg-up it needs to rally. UK inflation rate data from December will be published tomorrow. It is unlikely to influence the Pound though, and Sterling movement will remain more focused on UK coronavirus developments. Euro (EUR) The Euro was one of today’s more appealing major currencies. ZEW’s...
Pound (GBP) Struggles as New UK Lockdown Restrictions are Imminent Published: 4 Jan at 5 PM 2021
<h3>Pound (GBP) </h3> The Pound (GBP) struggled today following the news that the UK Prime Minister, Boris Johnson, would be announcing further updates on Covid-19 restrictions. With Scotland already set to enter a full national lockdown, GBP investors are concerned that England could soon follow. As a result, UK markets are becoming worried about the nation’s economic situation, which could suffer throughout January if the nation enters stricter restrictions. Today also saw the release of the UK’s latest...
Pound (GBP) Rises After UK Regulator Approves New Covid-19 Vaccine Published: 30 Dec at 4 PM 2020
<h3>Pound (GBP) </h3> The Pound (GBP) rose today following the announcement that key UK regulator had approved the Oxford AstraZeneca Covid-19 vaccine. As a result, Sterling investors are confident that the new vaccine, which requires a normal form of refrigeration and is easier to transport, could provide a lifeline for the British economy in coming weeks. British Health Secretary, Matt Hancock, said that the new vaccine also promises a ‘route out’ of the Covid-19 crisis. Meanwhile, GBP investors are growing...
Pound (GBP) Steadies as Hopes Grow Over Brexit Deal Published: 15 Dec at 4 PM 2020
<h3>Pound (GBP) </h3> The Pound (GBP) stabilised today as Brexit uncertainty has been tempered by the EU’s Chief Negotiator, Michel Barnier, who said that a Brexit deal could occur in just a matter of days. This follows a significant concession from Prime Minister Boris Johnson on several key clauses which had previously impeded progress in UK-EU- talks. As a result, GBP investors are now more hopeful that the two sides could compromise and agree on a post-Brexit trade agreement. In UK economic data, today saw the...
Pound (GBP) Rises on Renewed Brexit Optimism in Critical Week Published: 3 Dec at 5 PM 2020
<h3>Pound (GBP) </h3> The Pound (GBP) rose today on a mixture of positive news about easing Covid-19 infections, according to the NHS Track-and-Trace app and encouraging news about a UK-EU post-Brexit trade deal being on the horizon. Ireland’s Foreign Minister, Simon Coveney, said that a UK-EU trade deal could emerge in a matter of just days. As a result, UK markets are becoming more optimistic about Britain’s economic recovery going forward. <h3>Euro (EUR) </h3> The Euro (EUR) has benefited from...
Pound (GBP) Struggles as Doubts Continue to Grow Over Brexit Published: 30 Nov at 4 PM 2020
<h3>Pound (GBP) </h3> The Pound (GBP) struggled today as UK-EU trade talks are set to continue amidst rising concerns that the two sides could fail to come to a consensus on a post-Brexit trade agreement. Last week saw the EU’s Chief Negotiator, Michel Barnier, express doubts over whether the two sides could secure a trade deal by the end of the year. As a result, demand for Sterling has begun to slip as the UK faces high levels of economic uncertainty, with Brexit and Covid-19 threatening to severely weaken the...

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