Tag "Brexit"

UK Employment Falls Slightly In October

UK Employment Falls Slightly In October

🕔December 14, 2016

The jobs market stagnated in the three months to October, according to the latest jobs report from the Office for National Statistics, suggesting employers are finally slowing their hiring in the wake of June’s Brexit vote.

The number of people in work fell by 6,000 in October to 31.76 million people, the Office for National Statistics said on Wednesday.…

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Eurozone GDP Up 0.3% In Q3

Eurozone GDP Up 0.3% In Q3

🕔December 6, 2016

Eurozone economic growth stabilized as initially estimated in the third quarter, data from Eurostat showed Tuesday. Gross domestic product expanded 0.3 percent sequentially in the third quarter, the same pace of growth as seen in the second quarter, while there was a small upward revision in annual growth to 1.7% from the previous estimate of 1.6% and the annual rate has held at 1.7% for the past three quarters.…

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U.K Services PMI Rises In November

U.K Services PMI Rises In November

🕔December 5, 2016

The services sector — which includes everything from banking to waitressing — drew a reading of 55.1 in the month, well ahead of October’s 54.5 reading, and even further ahead of the forecast 54.2 growth that economists had predicted.

The pace of expansion eased slightly since October but was still in line with the long-run survey average.…

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U.K Construction PMI Expands In November

U.K Construction PMI Expands In November

🕔December 3, 2016

The U.K construction sector expanded further in November with business activity and new orders increasing at the strongest pace in eight months. The construction PMI has widely shown the similar behaviour as the manufacturing and services PMIs. It had declined sharply in July and then recovered quite strongly.…

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U.K Manufacturing Index Increases in November – CBI

U.K Manufacturing Index Increases in November – CBI

🕔November 22, 2016

British manufacturers reported their healthiest order books in November since before the Brexit vote and they are their most confident about the near-term outlook in nearly two years, an industry survey showed on Tuesday.

But the Confederation of British Industry also said manufacturers intend to raise prices at the fastest pace in almost three years, reflecting the sharp fall in the value of the pound since voters decided to leave the European Union in June.…

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UK Retail Sales Soars In October

UK Retail Sales Soars In October

🕔November 17, 2016

The Office for National Statistics (ONS) said sales volumes in October were up 7.4% from a year earlier, while on a monthly basis, sales jumped 1.9% from September – a much stronger increase than economists had forecast.

The retail industry continued to show strength on a quarterly basis as well, with the quantity bought in the three-month period increasing by 1.9% compared with the previous quarter to mark the 34th consecutive period of quarterly growth.…

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The UK and Eurozone Continue to Unravel Post-Brexit

The UK and Eurozone Continue to Unravel Post-Brexit

🕔September 7, 2016

  • Fresh worries from UK GDP estimates
  • Recession in the UK still possible
  • EU struggles with mixed sentiment

Fresh GDP estimates release from the UK’s National Institute for Economic and Social Research signals a 0.3% expansion in the 3 months ending in August this year, after the 0.4% upwardly revised expansion estimated for the 3 months to July which initially posted a 0.3% expansion before it was revised.…

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European Stocks Almost at 2 Month High

European Stocks Almost at 2 Month High

🕔August 15, 2016

  • Eurozone stocks reach 7 weeks high
  • European economic figures very encouraging

European shares mounted major gains, as vehicle manufacturers like Volkswagen AG pushed the German benchmark DAX Index into the green for the first time in 2016. Volkswagen gained 1.7%, as they led other auto makers in a rally from Friday’s slump to post the best figures of all 19 industry groups on the Stoxx Europe 600 Index.…

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Italy’s Fragile Banking Sector Threatens Its Stay In The Euro Zone

Italy’s Fragile Banking Sector Threatens Its Stay In The Euro Zone

🕔August 9, 2016

There is growing unease in Italy as major personalities in the government are now calling for economic calling for changes that can only be ratified if Italy leaves the EU. Italy’s PM Matteo Renzi is also willing to defy some EU policies and pump extra billions into the trouble banking system.…

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Investors Anticipate Bank of England Stimulus

Investors Anticipate Bank of England Stimulus

🕔July 30, 2016

The GBP has established a strong range against major pairs like the Euro and the USD over the period of the second week of July to the end of July, and there is a very simple reason for this. There is a lot of anticipation for the Bank of England’s big decision, and it is very easy to deduce that placing a major bet on either side in anticipation of this decision would not be wise.…

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