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The British pound fell against its major counterparts in European trade early on Thursday

11:20 am 2018-07-19

The British pound fell against its major counterparts in European trade early on Thursday as data showed that retail sales in the UK fell unexpectedly in June. Preliminary data from the National Statistics Office showed that retail sales fell by 0.5% from the previous month, while economists were looking for a 0.2% increase. In May, sales rose 1.4 percent. On an annual basis, retail sales grew by 3% in June after a 4.5% rise in May. Economists had expected growth of 3.5%. More

Retail sales in the UK unexpectedly fell in June

10:45 am 2018-07-19

Retail sales in the UK fell unexpectedly in June, but the quarterly growth rate was the fastest since 2015, according to preliminary data released by the National Statistics Office on Thursday. Retail sales fell 0.5 percent from the previous month, while economists were looking for a 0.2 percent gain. The decline came after two months of strong growth. In May, sales rose 1.4 percent. Ryan Murphy, a statistical expert at the institute, said steady growth in food sales was offset by lower spending in many…More

​Business confidence in Australia fell slightly in the three months to June

08:29 am 2018-07-19

Business confidence in Australia fell slightly in the three months to June, but remained slightly above average, according to a survey of the Australian National Bank on Thursday. The business confidence index fell to 7 in the second quarter from 8 in the previous quarter. After consolidating to historically high levels in the first quarter, the business conditions index fell by two points to 15 points in the June quarter. However, the index remained above average. Conditions remained favorable in all states and most industries,…More

Much larger than expected decline in housing beginning in the month of June

02:03 pm 2018-07-18

The Commerce Department released a report on Wednesday showing a much larger than expected drop in housing starts in June. After reporting a sharp increase in new housing construction in the United States the previous month The Ministry of Commerce said housing starts fell 12.3 percent to an annual rate of 1.173 million in June after jumping 4.8 percent to 1.337 million in May. Economists had expected housing numbers to fall by 2.2 percent to 1.320 million from the 1.350 million originally recorded the previous…More

The pound fell sharply against its major counterparts in the European session on Wednesday

01:58 pm 2018-07-18

The British pound fell sharply against its major counterparts in the European session on Wednesday, as UK consumer inflation grew less-than-expected in June, dampening hopes for an interest rate hike from the Bank of England next month. Data from the Office of National Statistics showed that consumer prices rose 2.4 percent year-on-year in June, the same rate of increase as in the previous two months. At the same time, inflation was expected to accelerate to 2.6 percent. On a monthly basis, consumer prices remained…More

​Britains inflation rate remained unchanged for the second month in a row in June

10:39 am 2018-07-18

Britain's inflation rate remained unchanged for the second month in a row in June, the Office of National Statistics said Wednesday. Consumer prices rose 2.4 percent year-on-year in June, the same rate as in the previous two months. At the same time, inflation was expected to accelerate to 2.6 percent. On a monthly basis, consumer prices remained flat in June against an expected 0.2 percent increase. Core inflation, which excludes energy, food, alcohol and tobacco, fell to 1.9 percent in June from…More

house prices in most Chinese cities rose in June

07:52 am 2018-07-18

Figures from the National Bureau of Statistics  on Tuesday showed house prices in most Chinese cities rose in June. On a monthly basis, house prices rose 63 cities out of 70 surveyed by the government. Fell in 4 cities and stayed flat in 3 cities. The rise in housing prices in Haikou was observed at 3.9 per cent, followed by Jinan at 3.6 per cent. Compared with the same month of 2017, house prices in 61 cities out of 70 cities in…More

The pound fell following the remarks of the Governor of the Bank of England

12:58 pm 2018-07-17

The British pound fell against its major counterparts in the European session on Tuesday, shrinking early gains after Bank of England Governor Mark Carney warned of the main economic consequences in the UK if Britain's exit scenario emerges badly. He said it was too early to predict the direction in which the price could move if Brexit did not occur. Figures from the National Bureau of Statistics showed that Britain's employment level hit a new record in the three months to May, and unemployment…More

​Britains employment level hit a new record in the three months to May

09:58 am 2018-07-17

Britain's employment level hit a new record in the three months to May and unemployment remained unchanged, but wage growth fell to a six-month low, according to figures from the National Statistics Office on Tuesday. The number of employees reached 32.399 million in the period from March to May, increasing by 137,000 compared to the previous three months. Economists had expected employment growth of 115,000. The employment rate rose to a record 75.7 percent from 75.6 percent in the three months to April. The…More

Australian consumer sentiment improved in the week ending July 15

08:04 am 2018-07-17

Australian consumer sentiment improved in the week ending July 15, according to a weekly survey conducted by ANZ and Rui Morgan on Tuesday. The consumer confidence index rose to 121.5 from 120.1 in the previous week. It was the first high in five weeks. The details were also positive as all the sub-indices recorded gains last week. "We note that consumer sentiment toward future financial conditions has been declining since late June, although it is still above its long-term average," commented ANZ's chief economist Felicity…More

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