Market Overview

29 March 2019 12:10

Maria Gregoriou

The Office of National Statistics released the Gross Domestic Product (GDP) quarterly estimate for the UK from October to December 2018 this morning. According to the report, GDP was estimated to have increased by 0.2 percent over the fourth quarter. This growth has been shown to be driven by the services sector while “all four sub-sectors of production and construction contributed negatively to GDP growth.
29 March 2019 10:57

Maria Gregoriou

Today would have been the day that Britain left the European Union (EU), but with an extension being granted and Brexit power being seized over by the British parliament, the final leave day seems to be somewhere in our future. For these reasons the fate of Brexit is still uncertain, and the Pound exchange is taking a hit. After MPs rejected eight possible Brexit solutions yesterday, the Pound fell heavily, and things worsened after the government announced that another vote is planned to take place today.

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