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GBP/USD Fell to 1.2780 as UK Retail Sales Fell to -1.8% in March

Posted by Chris Advincula on Apr 21, 2017 6:58:47 AM

(April 21 Friday) The U.K.. Retail Sales fell to -1.8% in March versus the median forecast of -0.3% compared to +1.7% in February. Sales fell to its largest decline in seven years in the first quarter as the accelerating inflation took a toll in the recent economic data and may prompt the Bank of England to keep interest rates at a record low for a longer term. The -1.8% contraction pushed the 1st quarter sales down by 1.4%, the lowest quarterly outcome since the 1st quarter of 2010, compounded by the ongoing Bexit implications as well.

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Topics: GBPUSD, Forex, UK Economic Data

Pound Jumps as U.K. Manufacturing Adds to Post-Brexit Optimism

Posted by Chris Advincula on Sep 1, 2016 6:43:00 AM

(Sept 1 Bloomberg) The pound jumped the most in two weeks against the dollar as a report showed U.K. manufacturing unexpectedly expanded in August, boosting confidence that the resilience of the economy since the June Brexit vote may be sustained.

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Topics: GBPUSD, market fundamentals, Forex, UK Manufacturing, UK Economic Data

Brexit Wreaks Havoc on U.K. Economy as Recession Risk Increases

Posted by Chris Advincula on Jul 22, 2016 6:28:42 AM

(July 22 Bloomberg) The U.K.'s decision to leave the European Union inflicted an immediate blow on the economy as business activity shrank at its fastest pace since the last recession seven years ago.

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Topics: GBPUSD, Forex Fundamentals, Europe, UK Economic Data, BREXIT

U.K. Inflation Rate Rises More Than Forecast on Airfare Surge

Posted by Chris Advincula on Jul 19, 2016 6:30:37 AM

(July 19 Bloomberg) U.K. inflation accelerated more than economists forecast in June boosted by airfares on trips to continental Europe.

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Topics: market fundamentals, U.K. Inflation, Forex, UK CPI, UK Economic Data, BREXIT

 

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