International Reserves in United Kingdom

United Kingdom International Reserves | Economic News & Forecasts

United Kingdom - International Reserves

The most recent economic data points to a severe recession as the nationwide lockdown depresses domestic demand, and similar measures abroad hurt exports. The composite PMI fell to a fresh record low in April on weaker manufacturing and services sectors, while retail sales plunged in March as shops closed. Consequently, the previously-solid labor market is crumbling: 1.8 million benefit claims were made from the start of March to mid-April, with millions of workers temporarily laid off. In response to the downturn, the government has recently announced 100% state-backed, fast-tracked loans for SMEs, on top of previous measures such as 80% wage subsidies, extra credit provision and tax deferrals. However, stimulus will not prevent a recession.

United Kingdom - International Reserves Data

2014   2015   2016   2017   2018  
International Reserves (USD bn)112  138  124  138  160  

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United Kingdom Facts

Value Change Date
Bond Yield0.83-3.04 %Jan 01
Exchange Rate1.33-0.35 %Jan 01

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