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Tag: UK

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

Aug 09 2012 09:31:14 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 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 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 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 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

UK Industrial Production Contracts In June On Extra Holidays

Aug 07 2012 11:31:03 in Market

Production in the British industrial sector shrank notably in June mainly due to extra holidays for the Queen's Diamond Jubilee celebrations, the latest figures from the Office for National Statistics (ONS) showed Tuesday. Read more

Pound Strengthens After UK Industrial Production Report

Aug 07 2012 11:31:02 in Market

The pound gained ground on Tuesday following a report showed that the rate of the U.K. industrial production decline was weaker than forecast by economists. Data from the Office for National Statistics showed the Industrial production fell 2. Read more

Pound Spikes Up Amid UK Industrial Production Report

Aug 07 2012 09:31:12 in Market

The U.K. industrial output report, which was released at 4.30 am ET by the Office for National Statistics, showed that the output fell to 2.5 percent month-on-month and manufacturing output slipped 2.9 percent. Economists were expecting the reading to fall 3. Read more

UK Industrial Production Falls In June

Aug 07 2012 09:31:08 in Market

U.K. industrial production decreased in June, but the rate of decline was weaker than forecast by economists, data from the Office for National Statistics showed Tuesday. Industrial production fell 2.5 percent month-on-month in June compared to expectations for a 3.5 percent drop. Read more

Pound Steady Ahead Of UK Industrial Output Report

Aug 07 2012 09:01:04 in Market

The Office for National Statistics is slated to publish the U.K. industrial output data at 4.30 am ET. Industrial output, which represents around a quarter of the total GDP, is seen falling 3.5 percent month-on-month and manufacturing output to slip 5.7 percent. Read more

UK Retail Sales Increase Unexpectedly In July

Aug 07 2012 04:31:03 in Market

Retail sales in the United Kingdom rose unexpectedly in July as warm weather and Olympics boosted sales of food and drinks, a report from the British Retail Consortium (BRC) revealed Tuesday. Retail sales values rose 0.1 percent on a like-for-like basis annually in July. Read more

UK June Retail Sales Edge Higher - BRC

Aug 07 2012 00:01:21 in Market

Retail same-store sales in the United Kingdom increased in June by 0.1 percent from one year earlier. The British Retail Consortium also reported Tuesday that overall retail sales, which includes those at newly opened stores, were up 2.0 percent on year. Read more

UK House Prices Likely To Fall Further This Year: IHS Global Insight

Aug 06 2012 14:31:06 in Market

The downward trend in UK' house prices, as the latest Halifax survey and other housing market surveys revealed, is set to continue through the rest of this year, and very possibly beyond, IHS Global Insight Chief European and UK Economist Howard Archer said Monday. Read more

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