September 9th, 2009 08:41:04 GMT

UK trade data weaker than expected

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The UK July visible trade deficit has come in at -£6.479 bn, worse than the median forecast of -£6.25 bn. Non-EU goods trade deficit -£3.925 bn, worse than median forecast of -£3.45 bn. Doesn’t seem to have negatively impacted sterling though, cable … Continue reading

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September 8th, 2009 18:34:28 GMT

UK recession is over, NIESR says

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The UK’s recession is over, the National Institute for Economic and Social Research has predicted, with the economy returning to growth for the first time since May last year. Just a shame it doesn’t feel like it!!!

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September 7th, 2009 21:49:06 GMT

UK’s Darling: not the right time to cut down on spending

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Chancellor of the Exchequer Darling is on the Reuter’s newswires. He says that cutting spending now would kill off the recovery and that spending on frontline services should get priority. Buy dips in EUR/GBP I suppose.

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