Data released this morning by the Office for National Statistics shows that UK GDP fell 2.9% in January. This is better than expected with 4.9% forecasted.
On Thursday, European Central Bank President Christine Lagarde warned that the coronavirus pandemic was a threat to recovery. The ECB said that over the next quarter it would be setting its pandemic emergency purchase programme (PEPP) at a “significantly higher pace than during the first months of this year”.
Stocks are a little lower this morning. US futures have dipped after a strong show on Thursday when President Joe Biden signed his $1.9 trillion stimulus package into law.
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