UK Manufacturing PMI falls to 54.6 in May and misses estimates. The UK services PMI stands at 51.8 in May, well below expectations. Purchasing Managers Index UK Manufacturing PMI, seasonally adjusted, has fallen sharply to 54.6 in Mayvs. 55.1 expected and from 55.8 in the final reading for April. On the other hand, the preliminary […]
Tag: UnitedKingdom
UK: Manufacturing production falls 0.2% mom in March vs. 0% expected
UK industrial sector recovery faltered in Marchaccording to the latest UK industrial and manufacturing production data released by the Office for National Statistics (ONS) on Thursday. Manufacturing production fell -0.2% MoM in March vs. 0% expected and -0.6% recorded in February, while total industrial production fell -0.2% vs. 0.1% expected and -0.3% past. In annual […]
Breaking News!: Preliminary UK GDP expands 0.8% quarter-on-quarter in the first quarter
UK GDP expanded by 0.8% qoq in the first quarter vs. 1.0% expected. UK GDP came in at -0.1%m/m in March vs. 0.1% expected. GBP/USD hits new two-year lows below 1.2200 after poor UK GDP. In the three months to March, the British economy grew by 0.8% in quarter-on-quarter termscompared to 1.3% registered in the […]
GBP/USD rises and approaches 1.3100 on UK and US inflation data.
US prices paid by consumers and producers continue to rise, further cementing the need for a 50bp hike by the Federal Reserve. UK inflation rate at its highest point in 30 years, reaches 7%. GBP/USD Price Forecast: Double Bottom Near Yearly Lows Looms as Pound Climbs Towards 1.3100. The British pound rises and recovers substantial […]
Real GDP grows 0.1% in February vs. 0.3% expected
The UK economy expanded at a softer-than-expected pace in February. GBP/USD remains close to 1.3000. Data released by the UK Office for National Statistics on Monday showed that gross domestic product real GDP grew 0.1% monthly in February. This figure comes after January’s expansion of 0.8% and fell short of the market’s expectation of 0.3%. […]
