Britain

Sterling is falling against the US dollar this morning after the April manufacturing PMI has come in weaker than expected at 54.6, the lowest in seven months. Inflation is the third highest since the data was first collected in 1999.

The US and UK report their first estimates of Q1 11 GDP this week. While the US economic data, like ISM readings suggest the US economy is enjoying reasonably good momentum, the GDP components are distinctly softer and suggest a…

When unemployment is high, immigrants are seen as a burden and the mood shifts toward the anti-immigration rhetoric we are hearing from Mr. Cameron. Economic nationalism is a force to be reckoned with. This anti-foreigner sentiment will…

The Vickers report came out in Britain identifying areas where Britain's banking system needed to alter its regulatory structure. Simon Johnson talked to Bloomberg about this report and banking regulation in general. His view is that first…

The UK is a good example of what austerity means. In the wake of tax increases and budget cuts in the UK, retail sales in Britain have plunged by the most on record. I seriously doubt that the coalition government there will meet its…

The vote reflected widespread belief that government negotiators had not been vigorous in pleading Iceland’s legal case. The situation is reminiscent of World War I’s Inter-Ally war debt tangle. Lloyd George described the negotiations…

A year ago, in March 2010, Iceland’s economy was so small that it did not warrant much attention when 93% of its voters rejected the Social Democratic-Green government’s surrender to demands by Gordon Brown and the Dutch, the European Union…

BBH CurrencyView US dollar continues to weaken ahead of tomorrow's ECB and BoE meeting UK manufacturing much weaker than expected; Swiss CPI exceeds estimates Euro remains resilient ahead of ECB meeting; Portugal raises…

Yesterday, Paul Krugman wrote: Portugal’s government has just fallen in a dispute over austerity proposals. Irish bond yields have topped 10 percent for the first time. And the British government has just marked its economic forecast…

Apparently, George Osborne, the current Chancellor, has such a bedroom voice that he puts the Lord Chancellor to sleep. Sweet dreams.