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UK Market News
Economics News
U.K. Shoppers

In a study done by KPMG and the British Retail Consortium, consumer spending in October was on the rise to back-up the UK’s economic growth, surprising analysts and economists as it surges on since voters chose to exit the European Union. House...

By Kate Ayers on Nov 7th, 2016
U.K. Manufacturing

Investment plans of manufacturing firms are being put on hold due to the volatility caused by Brexit with loans for the purchase of new equipment remaining low to shore up cash reserves instead. According to research conducted by EEF, the engineering...

By Kim Irwin on Nov 7th, 2016
Yuan

The Chinese yuan faced its biggest loss in a month when the central bank pushed back its reference rate of the currency and the dollar surged. The onshore exchange rate went down to 6.7764 per dollar, down 0.33 percent by 6:14 p.m. in local...

By John Shepherd on Nov 7th, 2016
U.S. Imports

The U.S. trade deficit dropped to a one and a half year low in September as exports rose however slumping imports identified slowing domestic demand. The Commerce Department said that the trade gap had been reduced by 9.9 percent to $36.4 billion,...

By John Shepherd on Nov 4th, 2016
German PMI

According to a survey done by Markit released on Friday, service activity in Germany rebounded in October, which boosted private sector activity expanding it at its second fastest monthly this year. The study is pointing to a surge in solid...

By Warren Smith on Nov 4th, 2016
U.K. Housing

According to UK property company Savills, the growth of house prices in the country will slow down moving into 2017 due to uncertainties surrounding the economy as a result of the referendum that will soon see the UK leave the European Union. Despite...

By Kim Irwin on Nov 4th, 2016
Monetary Policy Committee Room

In a surprise turn for markets, the Bank of England said on Thursday that it was unlikely to further reduce interest rates after it believes the U.K.’s decision to leave the European Union will have less of an effect than they expected in...

By John Shepherd on Nov 3rd, 2016
Egyptian Currency

After weeks of turmoil, in a move to rebalance currency markets, the Egyptian central bank has allowed the Egyptian pound to float on Thursday devaluing by 32.3 percent to a primary guidance level of 13 pounds to the U.S. dollar. A scarcity...

By John Shepherd on Nov 3rd, 2016
Oil Inventories

Crude oil stock in the U.S. jumped by over 14 million barrels last week, the biggest weekly rise since records began in 1982. stockpiles soared more than 14 million barrels last week, the largest weekly build since the U.S. Energy Department...

By Warren Smith on Nov 2nd, 2016
U.K. Construction

Residential projects within the construction sector spiked during the months after Britain chose to exit the EU, it’s fastest pace since March. The Markit/CIPS UK Construction Purchasing Managers’ Index, which has been closely watched,...

By Terry Fitzroy on Nov 2nd, 2016