Services sector decline drove the contraction, offset partially by modest construction growth, official data showed. The UK economy contracted by 0.1% in April, marking a slowdown attributed to the ongoing Iran conflict. The decline was primarily driven by a 0.2% drop in s
April data shows a £7.6 billion widening in the UK trade deficit, driven by higher EU imports and lower non-EU shipments. The UK’s trade in goods deficit widened by £7.6 billion to £62.5 billion in the three months ending April 2026. The increase was fueled by a £0.8 billi
The European Central Bank lifted rates by 25 basis points, signaling another increase likely next quarter amid persistent inflation risks. The European Central Bank increased its deposit rate by 25 basis points to 2.25% at its June meeting, matching market expectations. Th
Britain’s economy contracted for the first time in three months, aligning with analyst expectations amid weak services and production output. The UK economy shrank by 0.1% month-over-month in April, following a 0.3% expansion in March. The decline matched consensus forecas
Final May CPI data confirms preliminary readings, easing from April’s 2.9% as price pressures moderate. Germany’s consumer price index rose 2.6% year-over-year in May, matching preliminary estimates and slowing from April’s 2.9% increase. The harmonized index of consumer p
April GDP contraction matches forecasts but signals weakening momentum after March’s 0.3% growth. The UK economy contracted by 0.1% in April, matching expectations, as services and construction output fell sharply. The decline follows a 0.3% expansion in March, marking a s
Online funding platforms enforce strict risk filters The online funding sector is heading towards a $10 billion valuation. Online risk evaluation systems on platforms enforce strict automated risk liquidations to protect their capitalization pools. Corporate
Bank cites rising non-OPEC output and China’s shift to electric vehicles as key drivers for lower oil prices next year. Goldman Sachs lowered its 2027 Brent crude price forecast to $80 per barrel, citing stronger supply from non-OPEC producers and weaker demand led by Chin
Joachim Nagel signals potential further tightening as energy-driven inflation pressures persist across the Eurozone. The European Central Bank left the door open for another interest rate increase in July, citing persistent inflationary pressures from high energy costs. Go
Analysts forecast further downside for WTI crude as bearish wave patterns target a $68-$73 support zone. WTI Light Crude Oil (CL) remains in a bearish sequence following its peak on May 19, 2026, with technical analysis pointing to a potential drop toward $68-$73. The decl
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