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Tag: UK

Uk Q2 Recession caused Less Shrinkage Than expected Despite Big Trade Drag

Aug 24 2012 09:31:05 Stanimir Zhelev in Market

UK economy shrank by 0.5 pct on the Q2 against the expected drop of 0.7 pct, falling 0.5 pct compared to the Q2 of 2011, the Office for National Statistics said. Consumer spending fell 0.4 on the quarter, while exports dropped 1.7 and imports rose 1.4 percent. Read more

UK Service Sector Output Declines In June

Aug 24 2012 09:31:03 Stanimir Zhelev in Market

Output of the U.K. services sector declined sharply in June, following a rebound in the previous month, data released by the Office for National Statistics revealed Friday. The index of services dropped 1.7 percent from May, when it rose 0.9 percent. Economists had expected a 1. Read more

Pound Mixed Ahead Of UK Q2 GDP Report

Aug 24 2012 09:01:02 Stanimir Zhelev in Market

The Office for National Statistics is slated to release second estimate for U.K. GDP at 4:30 am ET. The economy contracted 0.7 percent sequentially in the second quarter, the flash estimate showed. In the meantime, U.K. services output is also due. Read more

UK High Street Sales Decline Unexpectedly In August: CBI

Aug 23 2012 11:31:04 Stanimir Zhelev in Market

UK's high street sales decreased modestly in August, contrary to economists' forecast for an increase, data from a survey by the Confederation of British Industry (CBI) showed Thursday. Read more

Uk Retailers Post An unexpected Drop in Sales in Aug at -3 - Cbi

Aug 23 2012 11:01:03 Stanimir Zhelev in Market

UK retailers CBI monthly distributive trade survey fell to -3 compared way lower than expected rise for 15 The expected sales balance for Sept stood at +6, indicating that retailers expected higher sales than a year ago. Read more

Research: Outlook for Uk Economy Remains Fragile in H2

Aug 23 2012 10:01:03 Stanimir Zhelev in Market

Quotes from Standard Chartered: -After weak data released on 21 August (lower public-sector net borrowing, a fall in the CBI order survey), the market will scrutinise upcoming data for reassurance. Read more

Boe's Posen says Uk Should Use Its Low Debt Costs to Invest-Bbc

Aug 22 2012 09:31:05 Stanimir Zhelev in Market

Britain's Govt should make use of its rock-bottom borrowing costs to invest, BoE's Posen said in an interview with BBC television broadcast Posen added that as long as interest rates are as low as they are in the UK, it doesn't make any sense to sit on the money The material has been provided by ... Read more

UK Manufacturers' Order Book Balance Falls In August: CBI

Aug 21 2012 11:31:04 Stanimir Zhelev in Market

U.K. manufacturers' order book balance decreased more than economists expected in August, the latest monthly Industrial Trends Survey by the Confederation of British Industry (CBI) showed Tuesday. Read more

Uk Cbi Factory Orders Lowest Since Dec 2011 in Aug on Lower Demand for Consumer Goods

Aug 21 2012 11:01:02 Stanimir Zhelev in Market

UK CBI total order book balance fell to -21 in Aug from -6 in July, well below expected -8. The export order book balance fell to -17, the lowest since Jan, from -9 in July. Read more

UK Public Sector Borrowing Rises In July

Aug 21 2012 09:31:05 Stanimir Zhelev in Market

The U.K. public sector net borrowing, excluding the temporary effects of financial interventions, (PSNB ex) increased in July, data from the Office for National Statistics showed Tuesday. Net borrowing was GBP 0.6 billion in July, which was GBP 3. Read more

Pound At 3-month High Against US Dollar Ahead Of UK Public Sector Finance Data

Aug 21 2012 09:01:02 Stanimir Zhelev in Market

The cable continued to creep higher in early deals Tuesday, rising above the 1.5780 for the first time since May 22. The pound rose as high as 1.5781 against the greenback, up almost 70-pips from the day's opening value of 1.5712. The pound also traded at a 7-week high of 125. Read more

Research: Persistent Recession in Uk Puts Pressure on Budget Deficit

Aug 20 2012 10:01:03 Stanimir Zhelev in Market

Quotes from Standard Chartered: -UK July public-sector net borrowing (21 August), likely remained on a weak trend. We forecast it at -GBP 4.8bn, broadly in line with the July 2011 reading (consensus: -GBP 4.0bn), as a persistent deterioration in activity affects tax revenues. Read more

UK House Prices Plunge 2.4% In August - Rightmove

Aug 20 2012 00:01:25 Stanimir Zhelev in Market

The average asking price for a house in the United Kingdom was down 2.4 percent on month in August, property tracking website Rightmove said on Monday, marking the largest decline ever in August. The August reading follows a 1.7 percent contraction in July. In August 2011, prices were down 2. Read more

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