UK manufacturing exceeded expectations in May as activity climbed to a fourteen month high. The UK manufacturing PMI rose to 51.3, increasing from an upwardly revised 50.2 in the previous month, the highest reading since March 2012. The detail of the report revealed output and new orders continued to grow, while the employment balance rose [...]

We have a busy week ahead with three major central banks–the Royal Bank of Australia (RBA), the Bank of England (BOE) and the European Central Bank (ECB) – all announcing their rate decisions. Here is a summary of what the market expects from them: RBA, Tuesday at 5:30 am Previously the RBA surprised the markets by [...]

Sterling recovered some of its losses and reached 1.5186 in the early hours of today when UK Nationwide Housing Prices year on year came in better than expected, 1.1% vrs 0.9%. 13:30 sees the big event of today which is the release of Q1 GDP figures from the US. This is expected to come in [...]

The outlook for the US economy was boosted as consumer confidence rose to the highest level in more than five years. This was enhanced by the ongoing recovery in the US residential property market as home prices increased by the most in seven years. The S&P/Case-Shiller index of property prices rose by 10.9% in the [...]

In Germany first quarter German GDP increased by 0.1% from the previous quarter, however, it contracted by 0.3% on an annualised basis. Market research company GfK reported consumer sentiment will rise to the highest level in more than five years in June as low unemployment and receding inflation encourages households to spend. The results conspired [...]

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 [...]

Sterling gained against the Dollar after a report showed UK housing prices have increased for a fifth successive month. The Pound rose from near the lowest level in six weeks versus the Dollar. House prices increased 2.1 percent this month. Meanwhile, the Euro remained unchanged versus the Dollar in the higher end of the range [...]

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