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Tag: UK

Pound Strengthens Amid UK July CPI Report

Aug 14 2012 09:31:04 Stanimir Zhelev in Market

Following the release of the U.K. inflation report for July at 4:30 am ET, the pound edged higher against its major opponents. As of 4:32 am ET, the sterling was trading at 0.7876 against the euro, 123.52 against the yen, 1.5260 against the Swiss franc and 1.5724 against the greenback. Read more

UK House Prices Lowest In A Year, Sales Decline

Aug 14 2012 04:31:02 Stanimir Zhelev in Market

House prices in the U.K. declined to the lowest in a year in July, while sales plunged to near four-year low, a survey by the Royal Institution of Chartered Surveyors (RICS) revealed Tuesday. The headline house price balance fell to minus 24 in July from minus 22 in June. Read more

UK House Prices Fall Further In July - RICS

Aug 14 2012 00:01:17 Stanimir Zhelev in Market

House prices in the United Kingdom fell further in July, according to survey results released Tuesday by the Royal Institute of Chartered Surveyors. The monthly RICS price index fell to minus-24 from the June reading of minus-22. RICS noted the reluctance of lenders as a contributing factor. Read more

UK Tourist Arrivals Dropped During Olympics: Survey

Aug 13 2012 13:31:02 Stanimir Zhelev in Market

The number of tourists visiting the United Kingdom and new bookings for inbound tourists decreased during the Olympics, a survey conducted by trade body UKinbound and Qa Research showed Monday. Read more

Uk Factory Gate Inflation for July Eases to the Slowest Pace in Nearly Three Years

Aug 10 2012 09:31:04 Stanimir Zhelev in Market

News         UK Input prices rose 1.3 pct m/m, though they were still 2.4 pct lower in y/y terms , forecasts was for an annual decline of 1.5 pct. Producer output prices rose 1.7 on the year, compared with a downwardly revised 2. Read more

European Economics Preview: UK Output Price Data Due

Aug 10 2012 07:01:05 Stanimir Zhelev in Market

Output price figures from the U.K. and industrial production data from France are the main European economic news due on Friday. At 2 am ET, final inflation figures from Germany are expected. CPI Inflation was steady at 1.7 percent in July, according to preliminary estimates. At 2. Read more

Pound Mixed Amid UK June Trade Balance Report

Aug 09 2012 09:31:15 Stanimir Zhelev in Market

U.K.'s foreign trade data for June has been released by the Office for National Statistics at 4:30 am ET. The trade deficit widened to GBP 4.3 billion from previous month's revised deficit of GBP 2.71 billion in May. Economists had expected a deficit of GBP 3.1 billion. Read more

Pound Strengthen Ahead Of UK Trade Balance Report

Aug 09 2012 09:31:15 Stanimir Zhelev in Market

The Office for National Statistics is slated to issue U.K.'s foreign trade data at 4:30 am ET. The visible trade deficit is seen widening to GBP 8.7 billion from GBP 8.4 billion in May. The visible trade balance is the part that refers to international trades in physical goods. Read more

Uk Total Trade Deficit Hits Record High in June After a Sharp Drop in Goods Exports

Aug 09 2012 09:31:14 Stanimir Zhelev in Market

UK June trade deficit widened to 4.308 billion pounds from 2.718 billion pounds, the largest since records began in 1997. The goods trade deficit grew to 10.119 billion pounds from 8.364 billion pounds, well above forecasts of a much more modest rise to 8.63 billion pounds. Read more

Boe Slashes Medium-Term Growth Forecast for Uk

Aug 08 2012 10:31:02 Stanimir Zhelev in Market

BoE said that growth in two years time was likely to be around 2 pct a year, down sharply from the forecast of 2.67 pct just three months ago. Read more

UK Private Sector Employment Continues To Decline: Survey

Aug 08 2012 06:31:03 Stanimir Zhelev in Market

Employment in the British private sector declined further in July, though at a slower rate, data from the survey by the Recruitment and Employment Confederation (REC) and KPMG showed Wednesday. Read more

Uk Economy Contracts 0.2 Pct in 3 Months to July - Niesr

Aug 07 2012 15:01:02 Stanimir Zhelev in Market

UK economy contracted by 0.2 pct in 3 months to July, after official data showed a sharp contraction of 0.7 percent between April and June - NIESR "These estimates suggest the UK's large negative output gap is widening, We do not expect output to pass its peak in early 2008 until 2014. Read more

Research: Uk Domestic Events to Matter Most for Gbp

Aug 07 2012 14:31:02 Stanimir Zhelev in Market

Quotes from Barclays Capital: -The Inflation Report is a UK-specific event, but events in the euro area also matter for GBP. And recently GBP/USD has had a higher beta to EA surprises than domestic surprises. Read more

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