James Woolcock

One culprit may be seasonality.

The suspicion is that the Office for National Statistics is struggling to adjust for shifts in spending habits after the pandemic.

The ONS told Bloomberg it will start publishing non-seasonally adjusted GDP figures next week.

But it means the central bank goes into a potential oil supply shock, doubting if growth really is getting better.

In London, James Woolcock, Bloomberg Radio.

Africans need to invest.

There are deals to be done and business to be won.

Rewind two weeks.

It was 6.49am in New York on a Thursday, and a relatively sleepy hour of the trading day suddenly spikes.

Billions of dollars changed hands in futures contracts for the S&P, Brent and the Stoxx 50.

Fifteen minutes later, President Trump posts online about positive discussions with Iran, making those earlier bets a lot of money.

Anonymous accounts on prediction markets also saw an early flurry of correct bets, which prompted the White House's management office to warn staff the day later about insider trading.

Bloomberg has no evidence White House officials did profit from inside information, which would be a gross breach of ethics rules and the law.

In London, James Wilcock, Bloomberg Radio.

Rewind two weeks.

It was 6.49am in New York on a Thursday and a relatively sleepy hour of the trading day suddenly spikes.

Billions of dollars changed hands in futures contracts for the S&P, Brent and the Stoxx 50.

Fifteen minutes later, President Trump posts online about positive discussions with Iran, making those earlier bets a lot of money.

Anonymous accounts on prediction markets also saw an early flurry of correct bets, which prompted the White House's management office to warn staff the day later about insider trading.

Bloomberg has no evidence White House officials did profit from inside information, which would be a gross breach of ethics rules and the law.