International Reserves in United Kingdom

United Kingdom International Reserves | Economic News & Forecasts

United Kingdom - International Reserves

The economy gained steam in Q1 as government consumption growth edged up and fixed investment rebounded, although this was likely influenced by stockpiling in preparation for a possible no-deal Brexit. More encouragingly, private consumption picked up pace, supported by solid wage gains and a multi-decade low unemployment rate. On the other hand, the external sector weakened on a surge in imports—again tied to stockpiling. Turning to Q2, growth is likely ebbing as the stockbuilding effect unwinds. In April, the manufacturing PMI declined, while the services PMI was weak despite crawling back into expansionary territory. However, retail sales in April were better than expected. On the political front, Theresa May announced she would resign as Conservative leader on 7 June, paving the way for a new Conservative prime minister. This increases the likelihood of both a no-deal Brexit and a further extension to Article 50.

United Kingdom - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD bn)107  112  138  124  138  

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United Kingdom Facts

ValueChangeDate
Bond Yield0.84-3.04 %Jun 13
Exchange Rate1.27-0.35 %Jun 13
Stock Market7,369-0.26 %Jun 13

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