U.K Construction PMI at 53.6

Monday, 4 July 2011 12:03

United Kingdom Consturction PMI slowed down in June, falling from 54 points in May to 53.6 points in June. The release didn’t shake the sterling too much as the news was in line with expectations; nothing more or nothing less was expected.

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U.K Housing Prices

Thursday, 30 June 2011 11:02

United Kingdom Nationwide House Price Index remained fairly steady in June, at 0.0%. A little less than the anticipated 0.1%; lower than May’s 0.3%

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Sterling dropped after Current Account

Tuesday, 28 June 2011 12:16

U.K’s Current Account was recorded with a deficit of 9.4 billion Pounds in the first quarter of 2011. Economists were widely off, as predictions were expected at 5.0 billion Pounds; whereas a 10.5 billion Pounds was previously recorded quarter.

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Euro boosting after German Ifo

Friday, 24 June 2011 11:58

The Euro spiraled downwards after its highs at the 1.44 line earlier this week, to go back to its 1.4200 trading. German Ifo rose to 114.5 in June unexpectedly from 114.2 in May.

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Sterling drops against most major currencies

Wednesday, 22 June 2011 12:33

Minutes of the Monetary Policy Committee meeting from the 8th and the 9th of June were announced minutes ago. Bank Rate was decided it should be maintained at 0.5%.

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