The construction output in the UK in August fell by 1.5% compared with July, but on an annualized basis it rose by 0.2%.
The figure for July was revised to an increase of 0.5%.
UK
Market News Briefing – Oct. 5th 2016 07:30 (GMT+1)
The US dollar strengthened yesterday and has reached a two months high, as when he broke a significant resistance level, because of the increasing expectations that the Federal Reserve will raise US interest rates by end of the year.
The US dollar strengthened by 1.1% against the Japanese yen.
The US dollar climbed against the British pound by 0.8% to US $ 1.2736 a pound, after earlier it been strengthened exchange of 1.2722 dollars to the pound.
It’s the highest level of the US versus the British currency since 1985.
The pound weakened in the last two days after the head of a British government Theresa May announced on Article 50 of the exit the uk from the European Union, and this will start within a few months.
The US dollar climbed by 0.1% against the Euro of 1.1199 dollars to the euro.
Breaking News – Sept. 15th 2016 12:00 (GMT+1)
The bank of England left its interest rates unchanged at 0.25%.
Market News Briefing – Sept. 15th 2016 10:30 (GMT+1)
UK retail sales data for August were pleasantly surprising.
The data show a decrease of only 0.2%, compared with a forecast decline of 0.4%.
UK retail sales data for July showed growth to date of 1.5%, but were revised to impressive growth of 1.9%.
Market News Briefing – Sept. 14th 2016 09:30 (GMT+1)
UK unemployment figures:
The number of unemployed in July fell by 39 thousand to 1.63 million.
The unemployment rate stood at 4.9%, in line with expectations.
July’s Monthly salary including bonuses rose by 2.3%, above the forecast of 2.2%. The wages without bonuses rose by 2.1%, the forecast was for a rise of 2.2%.
Market News Briefing – Sept. 7th 2016 11:30 (GMT+1)
UK – the industrial output in Britain rose slightly in July, 0.1%, according to official data released today.
An increase in the output of oil and gas in the North Sea compensated for the decline in other sectors.
Market News Briefing – Sept. 6th 2016 09:00 (GMT+1)
The British Retailers Association released disappointing data of retail sales at existing stores.
According to the figures, the sales dropped between 31 July to 27 August by 0.9% compared to the same period last year.
In the previous month there was a decreased by 1.1% in retail sales.
Market News Briefing – Sept. 5th 2016 12:05 (GMT+1)
The Purchasing Managers Index (PMI) of services sector in the UK indicates of a return to growth in August, after July data indicated a contraction in activity due to the results of the referendum of the UK for an exit from the EU.
The PMI services sector came in August to 52.9 points compared to 47.4 points in July.
Market News Briefing – Sept. 5th 2016 09:00 (GMT+1)
The European stock markets trading is conducted with slight increases towards the publication of macroeconomic data on the continent that could indicate an expansion of the service sector and production on the continent.
The PMI published in the UK last month pointed to a weakening of economic activity in the UK after a referendum voted to support the exit from the EU.
Market News Briefing – Aug 18th 2016 09:30 (GMT+1)
The UK retail sales rose unexpectedly in July.
The warm weather increased the clothing sales and a weakening the pound has encouraged tourism to make purchases in Britain, particularly in luxury stores.
The sales rose by 1.4% compared to June, while analysts viewed that will not be a change from the previous month.
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