GDP

ENERGY

US GDP growth for the first quarter has been revised down in the second estimate from the Bureau of Economic Analysis (BEA).

WEALTH MANAGERS

SPAIN

Opting for either austerity or growth in the UK will not be enough to tackle the real structural problems facing the country, according to a leading economist.

RISK

The worse than expected decline in UK GDP announced today is likely to spur the Bank of England into injecting another £50bn into the economy next month, said Henderson's Simon Ward.

ON ASSET ALLOCATION

AUSTRALIA

Sterling has fallen against the dollar today after a dovish quarterly inflation report from the Bank of England cut growth forecasts and left the door open to further QE.