International Reserves in United Kingdom
United Kingdom - International ReservesWhile the economy should have avoided recession in Q3, any expansion was likely minimal, as Brexit uncertainty and a less favorable external environment dampened activity. In June–August growth was tepid, weighed on by contraction in the manufacturing sector, while both the services and manufacturing PMIs pointed to worsening business conditions in September. Worryingly, the hitherto rock-solid labor market has shown signs of buckling under Brexit pressure: In June–August, the unemployment rate rose, while employment and vacancies shrank. More positively, wage growth continues to markedly outstrip inflation, which should be propping up private consumption. On the political front, the UK and EU recently reached a new Brexit deal. The passage of the deal should boost short-term growth, although there is still uncertainty over whether parliament will approval it.
United Kingdom - International Reserves Data
|International Reserves (USD bn)||107||112||138||124||138|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Facts
|Bond Yield||0.43||-3.04 %||Sep 04|
|Exchange Rate||1.23||-0.35 %||Sep 04|
|Stock Market||7,311||-0.26 %||Sep 04|
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November 13, 2019
Consumer prices fell 0.2% in October compared to the prior month, contrasting September’s 0.1% increase.
November 12, 2019
The unemployment rate edged down to 3.8% in July–September from 3.9% in the previous rolling quarter.
November 11, 2019
The UK economy dodged recession in the third quarter, growing 0.3% in quarter-on-quarter (qoq) seasonally-adjusted terms and contrasting the prior quarter’s 0.2% contraction.
November 11, 2019
Industrial production fell 0.3% in September compared to the prior month, following August’s revised 0.7% decline (previously reported: -0.6% month-on-month).
United Kingdom: BoE stays put in November but adopts dovish tone; two committee members call for cuts
November 7, 2019
At its meeting ending on 6 November, the Monetary Policy Committee (MPC) of the Bank of England (BoE) voted to keep the Bank Rate unchanged at 0.75%, as market analysts had expected.