The UK budget deficit more than doubled in December largely due to interest payments, highlighting the challenges faced by Chancellor Rachel Reeves amid high borrowing costs and weaker economic growth.Public sector net borrowing increased GBP 10.1 billion from the last year to GBP 17.8 billion in December, the Office for National Statistics said Wednesday. This was the highest December borrowing f...
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.