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Boyens Medien: Britische Wirtschaft erholt sich schneller als gedacht
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Portugal riegelt ganz Lissabon wegen Delta-Variante ab
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London and south east now accounts for £4 in £10 of total UK economy
London remains the golden goose of the UK economy (Photo by Jim Dyson/Getty Images)
London accounts for almost a quarter of the UK’s total economic activity, according to new figures from the Office of National Statistics.
The capital accounted for 22.7 per cent of total UK Gross Domestic Product in 2019, and 23.8 per cent of total Gross Value Added.
When the south east is added, that figure rises to 37.5 per cent and 38.4 per cent.
London business leaders said the figures demonstrated the need for “concerted action” to ensure the capital continues to power the country’s economy in the aftermath of Covid-19.
British Pound Forecast: UK GDP Report to Go Unnoticed as BoE Tapers QE
2021-05-07 16:00:00
David Song,
Strategist
British Pound Talking Points
Fresh projections coming out of the Bank of England (BoE) instills an improved outlook for the British Pound as the central bank expects economic activity to return to pre-pandemic conditions later this year, and the update to the UK Gross Domestic Product (GDP) report may generate a limited reaction in GBP/USD as the Monetary Policy Committee (MPC) slows the pace of its weekly asset purchases to GBP 3.4B from theprevious rate of GBP 4.4B.
Fundamental Forecast for British Pound: Neutral
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