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Tag: UK

UK House Price Sentiment Weakens In July: Markit

Jul 20 2012 06:31:03 in Market

Confidence among British households about their property prices deteriorated in July, data from a survey by Knight Frank and Markit Economics showed Friday. The house price sentiment index dropped to 45.6 in July from 46. Read more

IMF Urges UK To Slow Fiscal Consolidation If Growth Remains Sluggish

Jul 20 2012 05:31:02 in Market

The U.K. government should not accelerate its fiscal consolidation if growth fails to gather momentum despite further monetary and credit easing, the International Monetary Fund said in a review report on Thursday. Read more

UK Bank Lending To Businesses Contract In May: BoE

Jul 19 2012 10:01:03 in Market

Stock of lending to British businesses contracted in May as loans to small and medium-sized enterprises declined, a report from the Bank of England showed Thursday. Read more

Pound Slides After UK Retail Sales Report

Jul 19 2012 09:31:03 in Market

Following the release of the UK retail sales report for June at 4:30 am ET, the pound edged lower against its major opponents. As of 4:30 am ET, the sterling was trading at 1.5305 against the Swiss franc, 1.5669 against the dollar, 123.12 against the yen and 0.7848 against the euro. Read more

Pound Steady Ahead Of UK Retail Sales Report

Jul 19 2012 09:01:02 in Market

The Office for National Statistics is scheduled to issue retail sales figures for June at 4.30 am ET. Economists forecast the U.K. retail sales to grow 0.6 percent month-on-month and 2.3 percent annually. The pound held steady against its major counterparts ahead of the report. Read more

UK ILO Jobless Rate Falls In 3-Months To May

Jul 18 2012 09:31:03 in Market

British unemployment rate declined in the quarter to May, the latest figures from the Office for National Statistics showed Wednesday. The ILO unemployment rate fell to 8.1 percent in March-May from a revised 8.3 percent in the three months through February. Read more

UK Inflation Eases To 2.4% In June

Jul 17 2012 09:31:04 in Market

U.K. annual inflation eased unexpectedly in June to reach the lowest level since November 2009, data from the Office for National Statistics showed Tuesday. Consumer price inflation fell to 2.4 percent in June from 2.8 percent in May. Read more

Pound Falls Following UK Inflation, DCLG House Price Index

Jul 17 2012 09:31:04 in Market

Amid the releases of U.K. consumer price figures for June and DCLG house prices for May at 4.30 am ET Tuesday, the pound declined against other major currencies. The pound is now trading at 1.5618 against the greenback, 0.7873 against the euro, 1.5269 against the franc and 123. Read more

Pound Mixed Ahead Of UK Inflation Data

Jul 17 2012 09:01:02 in Market

At 4.30 am ET Tuesday, the Office for National Statistics is expected to release the U.K.'s consumer price figures for the month of June. Ahead of the data, the pound showed mixed trading against other major currencies. Read more

European Economics Preview: UK Inflation, German ZEW Survey Due

Jul 17 2012 05:31:03 in Market

Inflation figures from the U.K and German economic sentiment survey results from the Center for European Economic Research (ZEW) are the major European news due on Tuesday. Also in focus is Spain's 12 and 18-month Treasury Bill auction. Read more

UK Economy May Quit Recession This Year: ITEM Club

Jul 16 2012 05:01:02 in Market

The British economy would likely return to growth in the next six months, buoyed by falling inflation and higher consumer spending, a report from Ernst & Young ITEM Club showed Monday. The economy would see an "Indian summer" this year, the report said. ITEM Club said inflation should hit 1. Read more

UK House Prices Record Sharpest July Fall In 4 Yrs, Rightmove Says

Jul 16 2012 05:01:02 in Market

House prices in the U.K. declined for the first time in six months in July, while recording the sharpest fall for the month in four years, a survey by Rightmove, published Monday, showed. Prices dropped 1.7 percent month-on-month to 242,097 pounds. This followed a 1 percent increase in June. Read more

Pound Gains Amid UK Industrial Production And Trade Data

Jul 10 2012 09:31:04 in Market

After the releases of U.K. May industrial production figures and trade data at 4.30 am ET Tuesday, the pound rose against its major counterparts. The pound is now trading at 1.5527 against the greenback, 123.09 against the yen, 1.5161 against the franc and 0.7926 against the euro. Read more

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