Archive: July2015

GfK says UK Consumer Confidence Eased in July

31 Jul 2015
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The latest survey by the GfK revealed that consumer morale in the UK slowed in July, as concerns surrounding Greece and a rise in global uncertainty weighed on consumer outlook. In the coming week, the BoE’s interest rate decision meeting along w…

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Dollar rises as US GDP points to September rate hike

30 Jul 2015
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United States Dollar: Yesterday saw the release of Advance GDP for the 2nd quarter from America. The first estimate of the data available showed the US economy expanded at an annualised 2.3% between April and June, slightly lower than the 2.6% foreca…

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Spotlight on Second Quarter US GDP Report

30 Jul 2015
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With a thin economic calendar day in the UK, trading in Sterling is likely to be driven by global macro economic and political developments. Going forward, a consumer confidence report by the GfK group scheduled early tomorrow could spur gains in the P…

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Spotlight on Second Quarter US GDP Report

30 Jul 2015
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With a thin economic calendar day in the UK, trading in Sterling is likely to be driven by global macro economic and political developments. Going forward, a consumer confidence report by the GfK group scheduled early tomorrow could spur gains in the P…

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Dollar firmer as September rate hike remains on the cards

29 Jul 2015
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United States Dollar: The pound rallied yesterday and pushed through 1.56 vs. the dollar. At one stage it looked like it might break 1.57, but traded to an eventual high of 1.5687. It was an odd move with the FOMC statement due that evening, but wi…

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Dollar firmer as September rate hike remains on the cards

29 Jul 2015
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United States Dollar: The pound rallied yesterday and pushed through 1.56 vs. the dollar. At one stage it looked like it might break 1.57, but traded to an eventual high of 1.5687. It was an odd move with the FOMC statement due that evening, but wi…

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UK Mortgage Approvals Rise above Estimates

29 Jul 2015
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The just released BoE figures showed that the number of mortgage approvals increased higher than market consensus for June, indicating that housing activity has improved amid supportive economic factors, notably robust wage earnings growth, elevated co…

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Markets steady in run up to the Fed statement

28 Jul 2015
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United States Dollar: UK Q2 Prelim GDP printed in line with market forecasts yesterday at 0.7%. It shows that the UK economy is back on course, this following a Q1 reading of 0.4%. It goes some way to supporting the more hawkish stance taken by Ban…

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Markets steady in run up to the Fed statement

28 Jul 2015
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United States Dollar: UK Q2 Prelim GDP printed in line with market forecasts yesterday at 0.7%. It shows that the UK economy is back on course, this following a Q1 reading of 0.4%. It goes some way to supporting the more hawkish stance taken by Ban…

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UK GDP Growth Accelerates in Second Quarter

28 Jul 2015
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The just released GDP figures show that the UK economy recovered strongly in the second quarter, with the services sector, that makes up around two thirds of nation’s output, continuing to be the main driver of growth. The upbeat GDP print, which…

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