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  • US: Durable Goods Orders: 3.300 % (FXstreet.com: Latest Economics Events)
  • US: Durable Goods Orders ex Transportation: 1.300 % (FXstreet.com: Latest Economics Events)
  • IT: Wage Inflation (MoM): 0.300 % (FXstreet.com: Latest Economics Events)
  • UK: BBA Mortgage Approvals: 32.200 (FXstreet.com: Latest Economics Events)
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Today sees a comparatively quiet day from a data release perspective, with the exception of US Durable Goods Orders at 1.30pm. (Durable Goods are those planned to last for three years or more, such as motor vehicles and appliances. As those durable products often involve large investments they are sensitive to the US economic situation). If [...]

The UK retail sales unexpectedly fell in April dragged down by the largest drop in food sales for nearly two years as retailers reported bad weather dented demand. The volume of sales (excluding fuel) declined by 1.4% from March. The minutes of the BoE May meeting showed the committee remained in limbo with a unanimous [...]

The rate of UK inflation slowed more than forecast in April falling to a seven month low. Consumer prices rose 2.4% from a year earlier, down from 2.8% in March (the market was expecting a figure of 2.6-2.7%). The broader measure of RPI inflation fell to 2.9% from 3.3% in the previous month, the lowest since [...]

UK consumer price inflation declined in the previous month for the first time since September. British Inflation eased to 2.4 percent in April from 2.8 percent in March, official data showed today, an improved reading from the 2.6 percent rate that economists had predicted. UK core inflation declined to 2.0 percent in April – the [...]

After a strong couple of weeks for USD US inflation fell for the second consecutive month in April, the first back-to-back monthly declines since late 2008. CPI inflation decreased by 0.4% on the month dropping the headline annual rate to 1.1%. Falling gasoline prices were the main driver of the retreat in inflation, the largest [...]

Eurozone GDP shrank by 0.2% in the first quarter of the year keeping the region in the longest recession since records began in 1995. Germany, the largest economy in the region, avoided recession but only managed a modest 0.1% growth. By contrast, France fell back into recession with a 0.2% decline, while Italian output contracted [...]

The Pound strengthened against the Euro after official data showed UK unemployment claims fell in April by 4.5 percent, the highest fall since April 2011, indicating that Britain’s economy is on the road to recovery. In other news, economists expect the Bank of England to predict that inflation will rise to its highest at 3.0 [...]

The Pound dropped against the Euro in anticipation of Germany’s ZEW monthly sentiment survey;  it is expected to show optimism in Europe’s largest pick up in May, it is predicted to rise to 38.3 in May from 36.3. Also, industrial production in the euro area increased 1% in March above expectations for a 0.4% rise, [...]

Business confidence is on the rise across most of the UK, although manufacturers are less positive. Growth forecasts holds steady this year at 1% by the Confederation of British Industry. Also, the accountancy firm, BDO stated that business confidence improved in April, mainly in the service sector.
The Euro is near to one-month lows against the [...]

As expected, the UK MPC did not change policy in its May meeting, keeping the size of its asset purchase programme at £375bn and Bank Rate unchanged at 0.5%. With the Funding for Lending Scheme just extended in April and a recent run of upbeat UK economic data, the Bank of England seem comfortable waiting [...]

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