Economic News
UK consumer confidence continues to struggle
UK consumer confidence continued to struggle in January, a widely-watched survey showed on Friday, dragged down by concerns about the strength of the economy.
ECB keeps 'steady' stance, ready to adjust policy if needed Lagarde says
The European Central Bank kept all of its policy levers unchanged but did leave the door open to further easing if needed.
US housing starts grow more quickly than expected in December
Homebuilding in the US continued to accelerate at a brisk pace at the tail-end of the previous year.
Pandemic forces at least 9m Britons to borrow more money in 2020
Around nine million Britons were forced to borrow more money as of December of 2020 due to the hit to their personal finances from the pandemic, a study by the Office of National Statistics showed.
UK will not grant EU ambassador full diplomatic status
The Foreign Office refused to deny the European Union’s ambassador full diplomatic status over claims that the bloc should not be treated as a nation state.
China imposes sanctions on top Trump officials
China has imposed sanctions on 28 Trump administration officials including former US Secretary of State Mike Pompeo for violating its sovereignty.
Philly Fed index beats expectations in January
Manufacturing conditions in the Philadelphia region improved significantly in January, according to a survey released on Thursday.
UK lenders forecast slowing demand for mortgages
Demand for mortgages is expected to ease in the coming months, a Bank of England survey of UK lenders found on Thursday, while borrowing on credit cards is set to rise.
UK factory output flattens but further drop expected - CBI
UK factory output flattened in January after more than a year of declines but production is expected to drop again after orders fell, a survey showed.