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Tag: UK

Uk Retail Sales Rises at the Fastest Pace in 1-1/2 Years in June on Queen's Jubilee Celebration - Cbi

Jun 27 2012 11:01:42 in Market

The CBI distributive trades rose to +42 from +21 in May, its highest since Dec 2010, above expectations of 10 on Queen's jubilee celebration Grocers recorded their strongest sales growth since February 2010. Read more

Pound Steady Amid UK Mortgage Approvals Report

Jun 27 2012 09:31:06 in Market

Following the release of British Bankers' Association report on the U.K. mortgage approvals for May at 4:30 am ET, the pound held steady against its major counterparts. As of 4:32 am ET, the sterling was trading at 1.5018 against the Swiss franc, 1.5620 against the dollar, 124. Read more

Pound Steady Ahead Of UK Mortgage Approvals Report

Jun 27 2012 09:01:08 in Market

British Bankers' Association is slated to publish mortgage approvals for May at 4:30 am ET. The number of mortgage approvals is expected to rise to 33,000 from 32,438 in April. The pound held steady against its major rivals ahead of the report. As of 4:25 am ET, the sterling was trading at 1. Read more

Uk Not to rise Fuel Duty This Aug, Freeze It Till 2013

Jun 26 2012 15:31:02 in Market

UK'sOsbornesaid he would freeze a planned rise in fuel duty this year to help reduce costs for businesses and families. The move follows campaigns by transport lobby groups and pressure from the opposition Labour party to scrap the rise. Read more

Research: Uk Economy can Ill Afford a Tightening of Monetary Conditions at the Current Time

Jun 26 2012 10:31:04 in Market

Quotes from RBS: -The outlook for the UK has changed little. Domestic demand remains weak and the international picture looks increasingly fragile. Read more

Uk Public Borrowing Unexpectedly Rises in may As Income Tax Declines

Jun 26 2012 09:31:03 in Market

UK public sector net borrowing excluding public sector interventions stood at 17.943 billion pounds in May up from 15.195 billion last May. ONS revised up borrowing in 2011/12 to 127.6 billion pounds from 124.4 billion pounds. Read more

Uk Inflation Expectations Lowest Since Apr 2010 in June from may - Citi/yougov

Jun 25 2012 12:01:11 in Market

UK inflation expectations for year ahead fall to 2.4 pct in June from 2.8 pct in may - Citi/YouGov The inflation expectations for the next five to 10 years dropped to 3.2 pct in June from 3.4 pct in May. The survey was carried out between June 20 and 22, with a sample size of 2,504 people. Read more

UK Household Finance Outlook Least Pessimistic Since Apr 2010: Markit

Jun 25 2012 05:31:02 in Market

Expectations about the financial health of British households in June was the least downbeat since April 2010, a survey by Markit Economics showed Monday. The household finance index rose to 37 in June from 36.6 in May. Read more

Research: Further Qe in the Uk Is at Worst Neutral for Gbp

Jun 22 2012 10:01:04 in Market

Quotes from RBC Capital Markets: -After this week's MPC minutes and FOMC, further QE is fully in the price in the UK, but still 50/50 in the US. -Going forward, further QE in the UK is at worst neutral for GBP and the overall stance of policy will likely be positive. Read more

UK House Price Sentiment Remains Weak: Markit

Jun 22 2012 06:31:04 in Market

British households continued to remain downbeat about their property prices in June, data from a survey by Knight Frank and Markit Economics showed Friday. The house price sentiment index remained unchanged at 46. Read more

UK Manufacturers' Order Book Balance Rises: CBI

Jun 21 2012 11:31:03 in Market

U.K. manufacturers' order book balance increased from the previous month in June, contrary to economists' forecast for a decline, the latest monthly Industrial Trends Survey by the Confederation of British Industry (CBI) showed Thursday. Read more

Uk Factory Orders rise Unexpectedly in June - Cbi

Jun 21 2012 11:01:03 in Market

UK factory orders rose to -11 in June from -17 of May, beating expectations for a fall of -20 The export order book balance improved to -4 from -12. CBI said he consumer goods sector total order books were the strongest since last August. Read more

Uk Likely to Face Spending Cuts until 2020-Top Official

Jun 21 2012 10:01:12 in Market

Britain is only one quarter of the way through its plan to reduce the budget deficit and spending cuts may have to continue until 2020, Cabinet Secretary Jeremy Heywood to media He also said that spending cuts could run for "seven, eight, maybe 10 years" from the time the coalition Govt... Read more

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