More than a year ago, British voters sent waves of shock throughout Europe and the world economy with their decision to withdraw from the European Union (EU). read more
Economic data shows that Britain's economy is in a sweet spot but, now, Brexit is going to totally wreck it. Earlier on Wednesday, the Office for National Statistics dropped its most recent data on the state of the UK's jobs market, and to say things look good would be an understatement. read more
Like government bonds. The yield on a U.S. 10-year Treasury, for instance, is now 1.46%, down from 1.85% a month earlier. (Bond prices and yields have an inverse relationship.)The same trend is true in the United Kingdom. Over the pond, borrowing costs on 10-year bonds dipped below 1% for the first time ever. read more