#UK Economy

The British pound has steadied in the Thursday session, after considerable losses on Wednesday. In North American trade, GBP/USD is trading at 1.4205, down 0.01% on the day. On the release front, British Retail Sales plunged 1.2%, worse than the estimate of -0.5%. US unemployment claims...
British inflation unexpectedly cooled to a one-year low in March, according to figures that may raise doubt over bets that the Bank of England will raise interest rates in May.Official data published on Wednesday showed annual consumer price inflation fell to 2.5 percent from...
Talking Points:Stocks closed higher once again. Fears around trade war or geopolitical concerns have faded. UK's wage data posted its best level since 2015.There is one strong force driving the equity markets higher on Wall Street - the stellar earning season. Stocks closed...
Here are the latest developments in global markets:FOREX: The US dollar index was practically unchanged on Wednesday, after it posted some gains on Tuesday. The Japanese yen and the Swiss franc were on the back foot as geopolitical risks were perceived as easing, while the British pound...
Strong US markets appear to be helping shore up European stocks as a series of earnings beats pushed the S&P500 and Dow to their highest levels since the 22nd March, as well as above their 50 day moving averages.This was driven largely by a strong...
Here are the latest developments in global markets:FOREX: The US dollar index traded 0.1% higher on Thursday. Against the yen, the dollar was up nearly 0.25% as concerns of an imminent trade war subsided, diverting flows out of the Japanese currency, which is considered a safe-haven...
The growth of the services sector in the United Kingdom slowed down in March, according to a report released by the IHS Markit and CIPS on Thursday. The seasonally adjusted Services PMI Business Activity Index stood at the lowest level in 20 months as...
The United Kingdom stood at 4.3% in the three months to January, according to data released by the Office for National Statistics on Wednesday. The figure is the joint lowest level since 1975 and marks a decrease from the rate of 4.7% recorded during the...
After a disappointing start to the week European markets rebounded modestly yesterday, but with all the talk of trade wars and plateauing economic data it is becoming apparent that the momentum seen in January has well and truly dissipated. Momentum indicators are starting to...
With investors already cautious over the prospect of recent tensions over trade spilling out further into the global economy as Friday’s tariff deadline looms, and a US president who appears to have developed a hair trigger with respect to staff departures and arrivals, it...
Trump’s decision to slap a 25% tariff on steel imports and 10% on aluminium, to counter Chinese practices spooked the markets overnight, successfully bringing treasury yields, the dollar and US indices tumbling lower and boosting the yen as risk off dominates. The knock-on effect...
Despite positive trading in Asia overnight, Europe is seen taking its lead from the US, which closed lower under the weight of a late sell off in Tech stocks and a large scale move out of Walmart.Wall Street closed lower for the first time...
Here are the latest developments in global markets:FOREX: The dollar index was nearly 0.2% higher on Wednesday ahead of the release of the FOMC minutes, extending the notable gains it posted yesterday.STOCKS: US equity markets closed lower on Tuesday. The Dow Jones fell the most, closing 1.0% lower,...
Here are the latest developments in global markets:FOREX: The dollar index traded almost 0.3% lower on Friday, adding to the losses it posted yesterday and recording a new three-year low. The continued slide in the world’s reverse currency managed to push euro/dollar to 1.2555 overnight, marking...
British inflation unexpectedly held close to its highest level in nearly six years in January, highlighting the challenge the Bank of England will face as it tries to return price growth to target over the next two years. Consumer price inflation remained at an annual...
Talking Points:Traders supporting the markets with more buying pressure. The US bond yields have not reacted to the new spending news yet. Bank of England's policymaker Gertjan Vlieghe thinks that the UK's economy is ready for higher rates. UK’s CPI number has a...
Here are the latest developments in global markets:FOREX: The dollar index traded nearly 0.4% lower on Tuesday, as concerns over rising US deficits and the nation’s long-term debt sustainability continued to pressure the world’s reserve currency.STOCKS: US stock indices advanced yesterday, recovering some of their recent losses....
US stocks posted strong gains overnight, booking the first two day winning streak in February. US equity indices rebounded from a historically poor past week, which saw the Dow Jones, the S&P and the Nasdaq all shed over 5% in their worst weekly performance in...
The stock market recovery that began with a rebound on Wall Street on Friday afternoon, continued yesterday as European markets pulled back some of their recent losses after two weeks of heavy losses.That momentum was maintained into yesterday’s New York close as US markets...
Here are the latest developments in global markets:FOREX: The dollar index was practically unchanged on Friday, remaining unfazed by the shutdown of the US government. Meanwhile, sterling gave back all of the gains it posted after the Bank of England appeared more hawkish yesterday.STOCKS: The turmoil in...
US markets saw more new records yesterday with the Dow outperforming the S&P500 and Nasdaq, though we still managed record closes for the former two, with the Nasdaq slipping back slightly, after the US dollar bounced back from new three year lows in the...
The number of people in work in Britain surged unexpectedly in the three months to November and regular wages rose at their fastest rate in almost a year, official data showed on Wednesday.Britain’s economy slowed in 2017 as higher inflation - caused by the...
US markets continued to hit new records yesterday, this time led by the Nasdaq which in turn now appears to be lifting more boats with the German DAX finally making a new record high above 13,500, joining a party that has seen the FTSE100...
The volume of goods bought in the retail industry in the United Kingdom in December fell by 1.5% month on month, the Office for National Statistics reported on Friday. The release noted that British retail sales for three months rose 0.4% compared to the...
British shop sales slid by much more than expected in December, capping off the weakest year for retail since 2013 as consumers squeezed by high inflation continued to keep a tight grip on spending. Retail sales volumes dropped 1.5 percent from November, the Office for National Statistics said, well below economists’ forecasts in a Reuters [...]
European markets underwent a quiet and negative start to the new trading week in the absence of US markets yesterday, with most of the focus on the US dolla,r which has continued to drift lower, hitting its lowest levels in three years, after four...
Talking Points:US senate passed the tac bill, House to revote Donald Trump may be able to sign the most radical tax overhaul in a generation The size of the fiscal injection does matterRepublican’s Tax overhaul bill encountered another procedural snag and it must...
Talking Points:Making record highs have been the norm for the US equity market. An important week in terms of key central bank announcements. No Interest rate hike expected from BOE.US future are trading higher and picking up the momentum where they left off...
Here are the latest developments in global markets:FOREX: The dollar was little changed against a basket of currencies ahead of a two-day meeting by the Federal Reserve that is to commence later in the day. The New Zealand dollar maintained positive momentum from yesterday, rising...
IndicesEuropean markets have opened lower after another late sell-off on Wall St The Nasdaq 100 gave up 1% gains to end lower Japan’s Nikkei stock average closed down 2% for its biggest loss of 2017SharesHammerson has agreed to a £3.4bn offer for...

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