UK Data Released
April 9, 2009 by Danish FX · Leave a Comment
The UK PPI Input came out at 1.0% from the previous 0.6%. A rise to 0.8% was forecast.
The UK PPI Output came out as expected at 0.1% from the previous 0.1%.
The UK Trade Balance came out at 7.3B from the previous -7.7B. A slight rise to -7.6B was forecast.
UK Nationwide House Price Index Released
April 2, 2009 by Danish FX · Leave a Comment
The UK Nationwide HPI Came out at 0.9% from the previous -1.8%. A rise to -1.5% was forecast. This was the first jump in this series of data since October 2007 but the Nationwide Building Society warned ”against jumping to conclusions about a housing market rebound”.
The GBP was bid into this number and went to further session highs as this data beat expectations.
UK’s Chancellor Darling on the Wires
March 26, 2009 by Danish FX · Leave a Comment
UK Chancellor Darling: Fixing banks is a prerequisite for recovery, Goverment must continue to support economy
- UK in ’severe’ economic downturn; have already made ’substantial stimulus’
- Says Germany also is experiencing serious downturn
- Cap or regulation of interest rate would not work
- Quantitative easing is essential in securing employment around the world
- Says Japan (in the 1990s) made the mistake of not dealing with bad assets
UK Data Released
March 24, 2009 by Danish FX · Leave a Comment
The UK CPI came out at 3.2% from the previous 3.0%. A drop to 2.6% was forecast.
UK BBA Mortgage Approvals came out at 28.2K from the previous 23.4K. A drop to 22.3K was forecast.
The UK Core CPI came out at 1.6% from the previous 1.3%. No change was forecast.
The UK RPI came out at 0.0% from the previous 0.1%. A drop to -0.7% was forecast.
UK Data Released
March 18, 2009 by Danish FX · Leave a Comment
The UK Claimant Count came out at 1.38.4K from the previous 73.8K. A rise to 84.5K was forecast.
The UK MPC Meeting Minutes were released at 0-9-0 from the previous vote of 0-9-0. No change was forecast.
The UK Average Earnings Index came out at 1.8% from the previous 3.2%. A drop to 3.0% was forecast.
The UK Unemployment Rate came out at 6.5% from the previous 6.3%. A rise to 6.5% was forecast.
The GBP hit further session lows as the currency softened up across the board following these poor British economic numbers, especially as the Claimant Count missed forecasts.
***BOE MINUTES: MPC VOTED 9-0 TO CUTS RATES BY 50BPS TO 0.5% AND TO PURCHASE ASSETS ON MAR 5TH
- Housing activity subdued
- Agreed UK neeed new mney in range of £50B to £100B; small injection might show tol is ineffective
- Some signs that UK recession on track to ease in 2009
- Rising money supply will cause spending to rise
- Overnight rate likely to trade in 0.0% to 0.5% range
EUROZONE PPI and UK CB Leading Index Released
March 12, 2009 by Danish FX · Leave a Comment
The EU PPI came out lower than expected at -0.8% from the previous -1.5%. A rise to -0.1% was forecast.
The UK CB Leading Index came out at -0.4% from the previous -0.7%. There was no forecast available for this release.
UK Trade Balance Released
March 11, 2009 by Danish FX · Leave a Comment
UK’s Trade Balance came out at -7.7B from the previous -7.4B. A slight drop to -7.5B was forecast.
REUTERS
UK Services PMI Released
March 4, 2009 by Danish FX · Leave a Comment
UK’s Services PMI beat expectations also coming out at 43.2 from the previous 42.5. A drop to 41.6 was forecast.
The GBP was firming up into this number and continued after its release.
REUTERS
Loading ...
