United Kingdom's economy growth in the second quarter slowed to 0.5%, lower than expected. Market confidence declined to 0.3%.
The United Kingdom's economy grew by 0.5% in the second quarter, lower than the expected 0.6%, indicating that the momentum of economic growth is weakening after the Labor Party government took office.
United Kingdom's economic growth has been downwardly revised, posing a blow to Prime Minister Starmer.
The growth rate of the United Kingdom's economy in the second quarter was slower than expected, indicating that with the Labour Party coming to power, the process of economic recovery from recession has lost momentum. The UK Office for National Statistics announced on Monday that the country's gross domestic product grew by 0.5% in the second quarter, below the initial 0.6%. GDP grew by 0.7% in the first quarter. Economists had not expected an adjustment. These figures are a blow to Prime Minister Keir Starmer, who hoped to fulfill his promises to improve public services through economic growth. Starmer has pledged to increase the economic growth rate to 2.5%, far above the levels seen since the financial crisis and the pre-
After the Federal Reserve cut interest rates sharply, goldman sachs is bearish on the US dollar, but Deutsche Bank is calling for a Trump victory to boost the strong dollar.
Banking giant Goldman Sachs recently predicted that after the Federal Reserve's interest rate reversal, the dollar will continue to weaken.
GBP: Strength Continues – ING
Morgan Stanley: Rate cut effects are slowly fermenting, expecting first-hand transactions in Hong Kong's property market to increase by more than 1.8 times to over 2,000 in October.
Tony Yau, CEO of the Residential Division of Colliers International, stated that although the Hong Kong property market did not see a rapid warming after the interest rate cut, the recent sudden introduction of a combination of measures by the central government to boost the property and stock markets, along with Hong Kong's latest new low in the housing affordability ratio in over 8 years, as well as the gradual effects of the interest rate cut fermenting in the property market, it is expected that there will be ample opportunities for improvement in property trading in October.
Gilt Yields Edge Higher After Further Indication of Gradual U.K. Rate Cuts