UK Retail sales rise 0.6% in December, matching forecast

January 20, 2012 by · Leave a Comment 

Gbp/Usd trades at 1.5470 after news, down 5 pips.

UK’s Broadbent on the wires

January 20, 2012 by · Leave a Comment 

* MPC not dealing in fine tuning policy

* BOE to keep forecast of flat Q4, Q1

* risks to UK overwhelmingly from Europe, downside risks lessened slightly over last 6 months

 

UK Rightmove House Prices

January 15, 2012 by · Leave a Comment 

House Prices in the UK continue their decline with another poor reading for January, albeit slightly improved from the prior month. Sterling has managed to find a light bid to start the week.

  • Rightmove House Prices (MoM) – Actual:   Prior:-2.7%
  • Rightmove House Prices (YoY) – Actual:   Prior:1.5%

UK PPI weaker than expected

January 13, 2012 by · Leave a Comment 

PPI Input m/m came in at -0.6%, weaker than the 0.0% estimate.

PPI Output m/m came in at -0.2%, weaker than the 0.1% expected.

Gbp/Usd lost 10 points to 1.5345 upon release.

UK Manufacturing & Industrial Production weaker than expected

January 12, 2012 by · Leave a Comment 

Manufacturing Production came in at -0.2%, weaker than the 0.0% expected.

Industrial Production came in at -0.6%, weaker than the 0.1% expected.

Gbp/Usd is off slightly to 1.5398.

UK Trade Balance

January 11, 2012 by · Leave a Comment 

UK Trade Balance came in at -8.6 Bln, weaker than the  -8.3 Bln expected.

Gbp/Usd has dropped about 20 points inlast 30 minutes since release.

UK BRC Shop Price Index

January 10, 2012 by · Leave a Comment 

The UK BRC Shop Price Index rose by 1.7% in December, however less than the prior months increase of 2.0%. Sterling had a muted reaction to the release, but trading weaker against the USD as is most of the market to start the new day.

UK Sales & House Prices for December

January 9, 2012 by · Leave a Comment 

The BRC KPMG Retail Sales Monitor for ‘Like for Like Sales’ on a year over year basis expected at an increase of 0.4% came in above expectations at +2.2%, also better than the prior release of -1.6%.

Also released was an improved RICS House Price Balance, expected to be down -19% came in better at -16% but still nothing to get excited about (-17% prior.)

Sterling had mixed reaction to the release, but remains relatively unchanged.

 

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