bearish

GBP

Part Four: The Sharply Slowing UK Economy

330 Views30 Dec 2023 10:46
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SUMMARY
  • The UK economy has been facing a series of challenges in recent weeks.
  • Economic data has been disappointing, with weak unemployment, earnings, GDP, industrial production, manufacturing, services, and trade balance.
  • As I write this report, 10-year UK government bond yields have fallen by 20 basis points (bps) in the past two days.
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