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Tag: UK

UK Public Sector Borrowing Rises In July

Aug 21 2012 09:31:05 Forexbrokerz.com 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 Forexbrokerz.com 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 Forexbrokerz.com 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 Forexbrokerz.com 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

Research: Uk Q2 Gdp Likely to be revised Upward

Aug 17 2012 13:31:02 Forexbrokerz.com in Market

Quotes from Societe Generale Cross Asset Research: -Since the first estimate of UK Q2 GDP, the actual industrial production and construction output data for June have been released. In the first estimate, "Nowcasts" were used for these components. Read more

UK House Price Sentiment Deteriorates Further: Knight Frank

Aug 17 2012 11:31:16 Forexbrokerz.com in Market

Confidence among British households about their property prices continued to weaken in August, data from a survey by Knight Frank and Markit Economics showed Friday. The house price sentiment index (HPSI) dropped to 44.5 in August from 45. Read more

Boe's Weale : Uk Economy in Stagnation, Not Recession - Paper

Aug 16 2012 14:31:02 Forexbrokerz.com in Market

UK's economy is in stagnation rather than recession, EZ debt crisis is the biggest source of uncertainty - Weale quoted as saying by Birmingham Mail Weale added the squeeze on household spending through rising fuel prices was coming to an end. Read more

UK Car Production Continues To Rise In July

Aug 16 2012 10:01:03 Forexbrokerz.com in Market

Car manufacturing in the U.K. increased for a thirteenth consecutive month in July, the Society of Motor Manufacturers and Traders (SMMT) said Thursday. Production surged 22.2 percent year-on-year in July to 119,882 units. An increase of 15. Read more

Pound Spikes Up Amid UK July Retail Sales Report

Aug 16 2012 09:31:07 Forexbrokerz.com in Market

The Office for National Statistics released the U.K. retail sales report for July at 4:30 am ET and the figures came in above economists' forecast. The pound edged sharply higher against its major rivals following the report. As of 4:32 am ET, the sterling was trading at 0. Read more

Uk Retail Sales Rises more Than expected in July

Aug 16 2012 09:31:06 Forexbrokerz.com in Market

UK retail sales were up by 0.3 pct mm in July, while rising 2.8 pct in YY terms Economists expected 0.1 pct decline in Retails sales, while expected them to rise 2.8 pct in YY Terms Core retail sales were also better than expected with flat growth in MM terms while rising 3. Read more

Pound Strengthens Ahead Of UK Retail Sales Report

Aug 16 2012 09:01:03 Forexbrokerz.com in Market

The Office for National Statistics is slated to publish U.K. retail sales for July at 4:30 am ET. Economists forecast sales to fall 0.1 percent month-on-month, offsetting last month's 0.1 percent rise. Excluding auto fuel, sales are forecast to decline 0.2 percent from the prior month. Read more

Pound Recovers Asian Session Losses After UK Jobless Rate, BoE Minutes

Aug 15 2012 10:31:02 Forexbrokerz.com in Market

The pound erased some of its Asian session losses against other major currencies in early London/European deals Wednesday as the U.K. jobless rate fell unexpectedly in June and the Bank of England policy makers unanimously decided to keep rate and QE unchanged. Read more

Sterling Spikes Up Amid BoE Minutes, UK Jobless Data

Aug 15 2012 09:31:04 Forexbrokerz.com in Market

The minutes of Bank of England's August Monetary Policy meeting and the Office for National Statistics data on the U.K. unemployment figures have been released at 4:30 am ET. The pound edged higher against its major rivals following the data. As of 4:31 am ET, the sterling was trading at 0. Read more

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