Tag Archives: UK

Sterling tumbles after weak retail sales

The British pound tumbled sharply against the dollar and the euro as well as against other major counterparts on Wednesday after disappointing UK data that highlighted weakness in the British economy despite some recent upbeat data. According to data from the UK Office for National Statistics, retail sales fell at the fastest rate in a year in April by 1.3 percent, compared with a year...

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May 22, 2013 @ 8:27 pm

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Pound falls after lower inflation rates

Inflation for consumer prices as well as producer prices rose at a slower rate in April according to data from the UK Office for National Statistics on Tuesday. Annual CPI inflation rose at a seasonally adjusted 2.4 percent in April, less than the forecast for a 2.6 percent increase and down from 2.8 percent in March. Month-over-month, CPI increased 0.2 percent last month, below...

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May 21, 2013 @ 9:40 am

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Sterling boosted after UK service sector expands

UK data released on Friday showed an increase in activity in the dominant British service sector which makes up a large part of the economy. The important services purchasing managers index (PMI) printed a much higher than expected number in April at 52.9 in April, versus the 52.5 forecast, and up from March’s 52.4. This is the fastest expansion in eight months. The upbeat news boosted...

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May 3, 2013 @ 12:18 pm

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UK construction activity picks up

The UK construction industry has shown first signs of growth in six months, giving encouraging signs the sluggish sector, which has been a brake on UK GDP, will finally pick up and add to growth in the British economy. April construction PMI data showed an increase to 49.4, well above a forecast for 48.0. While the number is just below the 50 level that separates growth from contraction, it is...

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May 2, 2013 @ 10:16 am

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