UK CPI rises at higher peak ever; 5.2%

Tuesday, 18 October 2011 12:10

Consumer Price Index stands out as it was reported at 5.2% for the annual inflation reports in the United Kingdom. United Kingdom’s CPI was estimated to announce a rise from previous August value of 4.5% to 4.9% in September; instead the report turned out much higher than anticipated at 5.2% for the current release of September 2011.

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US Retail Sales unexpectedly rise to an 8-month high

Friday, 14 October 2011 04:08

United States reports news on a positive note, as Retail Sales beat economists’ forecast figure of 0.5% by being released unexpectedly higher at 1.1%. Retail Sales for September were marked the ighest since the month of February in 2011; after a mere 0.3% in August.

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UK Trade Balance at -7.8 B

Thursday, 13 October 2011 12:15

According to the Office of National Statistics United Kingdom’s Visiable Trade Balance was release much better than expected. UK Trade Balance for the month of July was reported at a deficit of 8.2 B. Report for the current month of August were expected to drop lower as much as -8.8 B. Instead, UK Trade Balance made a correction to a deficit of 7.8 B.

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Britain’s manufacturing decline by 0.3%

Tuesday, 11 October 2011 12:49

The Office of National Statistics in the United Kingdom release its bulletin report on the Manufacturing Production for the month of August; figures were reported worse than economists’ expectations. Compared to July 2011, manufacturing production fell by 0.3% from -0.2% while forecast drew near a correction of -0.1%.

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EURUSD nearing 1.3700

Tuesday, 11 October 2011 10:41

The 17-nation european currency marked a big rally against the U.S Dollar, raising over 300 pips from 1.3360 to 1.3690 in yesterday’s trading session.

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