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UK GDP: Economy Avoids Recession Despite Weak Growth
Monday, November 11, 2019 - 11:05am | 552The United Kingdom's economy is growing at its slowest annual rate in almost a decade. The U.K.'s year-over-year growth in the three month period ended in September slowed from 1.3% to to 1%, the Office for National Statistics said. The economy avoided a recession by growing...
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As Draghi Exits ECB, More Signs Of Struggle In German Economy
Thursday, October 24, 2019 - 12:25pm | 612Italian economist and former Goldman Sachs Group Inc (NYSE: GS) banker turned European Central Bank President Mario Draghi held his last press conference Thursday as he prepares to leave the position Oct. 31 after eight tumultuous years at the ECB. European leaders have nominated...
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Brexit Update: Germany's Merkel Informs British PM Johnson Deal 'Overwhelmingly Unlikely'
Tuesday, October 8, 2019 - 12:02pm | 686A No. 10 Downing Street source has said a Brexit deal is "essentially impossible" in the wake of a call between U.K. Prime Minister Boris Johnson and German Chancellor Angela Merkel, according to a Tuesday BBC report. Johnson and Merkel spoke earlier about the proposals the British...
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BoE Leaves Interest Rates On Hold At 0.75% As Brexit Uncertainty Continues
Thursday, September 19, 2019 - 7:35am | 151The Bank of England policymakers have voted 9-0 to hold bank rate at 0.75% as Brexit uncertainty continues. “Absent currency or balance of payments crisis, we just don’t see the Bank of England even considering raising rates anytime soon,”said Artur Baluszynski, head of research...