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.
Read MoreUS 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.
Read MoreUK 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.
Read MoreBritain’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%.
Read MoreEURUSD 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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