UK Retail sales rise 0.6% in December, matching forecast
January 20, 2012 by Vincent Facchino · Leave a Comment
Gbp/Usd trades at 1.5470 after news, down 5 pips.
UK’s Broadbent on the wires
January 20, 2012 by Vincent Facchino · 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 Alex Chernomordin · 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 Vincent Facchino · 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 Vincent Facchino · 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 Vincent Facchino · 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 Alex Chernomordin · 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 Alex Chernomordin · 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.
