All the day´s economic and financial news, including new German growth figures and UK unemployment data, plus the latest on Turkey´s currency crisisLatest: Indian rupee hits record lowUS demands pastor´s release from Turkish house arrestIntroduction: Lira crisis weighs on the markets 10.15am BST NEWSFLASH: Turkey´s president is giving another defiant speech, threatening to boycott American electrical goods in response to US sanctions.We will boycott US electronic products. If they have iPhone, the other side has Samsung. In our country there is Venus, Vestel [the Turkish smartphone brands].There is a price we´re paying for the period we´re in. But there will be a price [which] those who´re waging an economic warfare against Turkey will also pay. 9.56am BST These charts show the divide in Britain´s labour market, with unemployment at a 43-year low, but wage growth decidedly underwhelming: 9.39am BST Newsflash: Britain´s unemployment rate has hit a new 43-year low.The UK´s jobless rate dropped to just 4.0% in April-June 2018, down from 4.2% previously. That´s the lowest level since the winter of 1975, when Harold Wilson was prime minister.In April to June 2018, the unemployment rate was 4.0% - it´s not been lower since December 1974 to February 1975 https://t.co/tQdXLhXhhx pic.twitter.com/ffPaFsAZId 9.18am BST Germany has beaten expectations by growing by 0.5% in the second quarter of 2018.The eurozone´s largest economy benefitted from stronger domestic demand from households and companies.The German economy grew by 0.5% q/q in Q2, better than expected, and the 16th consecutive rise. Germany is on track for its longest expansion on record. pic.twitter.com/I7bIKeec0oGDP grew by 0.5% in Q2 bringing down annual growth to 2.0%. With headwinds from trade, Italy, Turkey, higher inflation, and continued frugality in households, GDP-growth could disappoint in coming quarters #macrobond #germany pic.twitter.com/wg1DyWVVH1 9.04am BST Despite the rupee´s slide, the picture i ...
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