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Tag: UK

Uk to Get Credit Flowing Under New Scheme, Boe to Activate Emergency Liquidity Tool - King

Jun 14 2012 21:01:02 Forexbrokerz.com in Market

King said that UK will launch a new scheme to get credit flowing and BoE will activate its emergency liquidity tool as EZ crisis hurts economy King said the need for another round of gilt purchases had also grown as economic outlook has worsened He added that BoE in conjunction with the finan... Read more

Uk Bank Reforms Don't Go Far Enough, Must have imposed Stricter Funding Requiorements - Vickers

Jun 14 2012 14:31:04 Forexbrokerz.com in Market

UK should have imposed stricter rules on banks' funding requirements - Vickers He said international events underlined the need for fundamental reform. The Govt said banks should hold a minimum 3 pct binding leverage ratio, in line with Basel III but below the 4.06 pct recommended by Vickers. Read more

Uk Govt Tells Banks to take Reform at Cost of 7 Bln Ponds a Year

Jun 14 2012 13:01:05 Forexbrokerz.com in Market

UK told banks to part their domestic retail operations and gave savers a higher priority in the event trouble The banks should undertake reforms aimed at safeguarding taxpayers, at a potential cost of 7 billion pounds each year. Read more

Uk Car Production Spikes 45.5 Pct Y/y in May, Highest Level Since 2004

Jun 14 2012 12:01:04 Forexbrokerz.com in Market

UK manufactured totaled 141,146 units of cars in May, with exports accounting for 120,120 of the total , up 45. Read more

UK Mortgage Lending Falls Sharply In April: CML

Jun 14 2012 11:31:04 Forexbrokerz.com in Market

Mortgage lending for house purchases in the United Kingdom decreased significantly in April, after rising strongly in the previous month, data released by the Council of Mortgage Lenders (CML) showed Thursday. Read more

UK Leading Index Rises For Fourth Month: Conference Board

Jun 14 2012 11:01:07 Forexbrokerz.com in Market

A leading indicator of the British economy increased for the fourth successive month in April, but at a slower rate compared to the previous month, data released by Conference Board showed Thursday. The leading economic index increased 0. Read more

UK Car Production Rises 42.2% In May

Jun 14 2012 09:31:03 Forexbrokerz.com in Market

Car production in the United Kingdom increased sharply in May, data released by the Society of Motor Manufacturers and Traders showed Thursday. Overall car production surged 42.2 percent year-on-year to 141,146 units in May, marking the highest output for the month of May since 2004. Read more

Uk Govt. Should "give a Lead" to Boe for Opening Credit Valves says Andrew Tyrie

Jun 14 2012 02:31:13 Forexbrokerz.com in Market

Andrew Tyrie, chairman of the Treasury Select Committee said that UK govt should "give a lead" to BoE to bolster credit flows in the system to shore up faltering recovery However he was cautious about managing inflation in doing so and urged very close coordination between mon... Read more

NIESR GDP Estimates Show Feeble Economic Growth In UK

Jun 13 2012 07:31:05 Forexbrokerz.com in Market

The British economy has ceased to contract, but the economic activity remains weak with a gross domestic product growth of 0.1 percent in the three months to May, the National Institute of Economic and Social Research (NIESR) said Tuesday, releasing its monthly GDP estimates. Read more

Boe's Tucker : Ez Crisis Is Hurting Uk Economic Recovery

Jun 12 2012 19:31:03 Forexbrokerz.com in Market

EZ crisis is hurting economic recovery in UK - Tucker He said "The economy and the financial system wasn't in great health when the euro area crisis broke in 2010. Read more

Uk Mfg. Output Unexpectedly Drops by 0.7 Pct in April, Raises the Risk of a Longer Recession

Jun 12 2012 09:31:04 Forexbrokerz.com in Market

UK manufacturing output dropped 0.7 pct in April after a 0.9 pct rise in March The main drags were a drop in the manufacturing of basic pharmaceutical products and preparations, as well as in the category of other manufacturing and repair. Read more

UK Permanent Jobs Grow Modestly In May: KPMG/REC

Jun 12 2012 05:31:14 Forexbrokerz.com in Market

Permanent jobs in the UK grew only modestly in May, while contract staff billings decreased for the sixth month running, the latest KPMG/Recruitment & Employment Confederation (REC) report on jobs showed Tuesday. Read more

UK RICS House Price Balance Remains Negative In May

Jun 12 2012 04:31:07 Forexbrokerz.com in Market

House prices in the United Kingdom fell again in May as deepening Eurozone crisis and the end of a tax holiday for first-time home buyers curbed demand. Read more

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