UK data paint a muddled picture of the economy
by AIB Treasury Economic Research Unit
- A plethora of UK data this week provided conflicting evidence on the strength of the economy of late.
- On the labour market, unemployment fell to 3.8% in December, down from 4.2% a month earlier.
- However, the Q4 GDP data released on Thursday provided further evidence of a longer-term trend of stagnation in the UK economy.
- On the main currency markets over the past week, the GBP/USD was the main mover, with markets reacting to the UK macro news.
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