The Bank of England has now reversed £300 billion of Quantitative Easing
... but it still hasn't got back to March 2020 levels, that will need another £200 billion of asset purchases to be reversed. Here is the…
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UK trade surplus with New Zealand jumps after trade deal
The Brexit transition ended on 31st December 2020, after which Britain was free to sign trade deals around the world. The trade deal with New Zealand was signed in October 2021…
UK gilt yields soar - for the first time this century the UK is paying more to borrow than the US
Normally British and American bond yields track each other. For good reason, as they are both service dominated economies with big housing and financial sectors. But yields are…
Why are Holiday Inn hotels housing migrants, but Premier Inn hotels arn't?
It comes down to business models. Holiday Inn are part of Intercontinental Hotel Group (IHG hotels and Resorts). They're a British multinational listed on both the London Stock…
The UK's trade deficit with China widened to £39 billion
This was down to a sharp decrease in exports of goods to China. (Services exports were up, but not enough to offset the decline in goods). Here is the table:…
The Pound's share of Global Foreign Exchange Reserves is at the highest since 2000
The Pound is now the third most held foreign currency (5.1%), after the dollar (57.74%) and euro (20.06%) according to the IMF. Here is the…
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