The pound edged higher, achieving its biggest weekly advance against the euro since January, as signs pointed to the UK economic recovery talking hold.
Posts Tagged ‘Rose’
Pound edged up slightly against the euro on Friday but is down around 0.7% in trading this morning
Posted by Forex News Resource on November 2nd, 2009
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Unemployment in the euro zone rose in September to 9.7%, as expected
Posted by maradona on October 30th, 2009
Taking into account seasonal factors, unemployment in the eurozone reached 9.7% in September this year, said the EU statistical agency Eurostat.
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The index of house prices Nationwide has grown less than expected in October
Posted by maradona on October 30th, 2009
Index of house prices Nationwide in the UK rose in October to 0,4%. Recall that in the previous month had risen to 0,9%, and in October predicted an increase of 0,7%.
In annual terms, house prices in Britain back to a positive mark for the first time since March 2008, an increase of 2,0% in October compared to 0,0% in the previous month.
Average price of homes in Britain during the reporting period amounted to 162 038 pounds compared with 161 816 pounds a month earlier.
In annual terms, house prices in Britain back to a positive mark for the first time since March 2008, an increase of 2,0% in October compared to 0,0% in the previous month.
Average price of homes in Britain during the reporting period amounted to 162 038 pounds compared with 161 816 pounds a month earlier.
Kiwi suffered a severed setback following the RBNZ rate statement yesterday evening
Posted by Forex News Resource on October 29th, 2009
In a poor day for the kiwi dollar, the pound rose by over seven cents, or 3.1%, against the kiwi, reaching a one-month high as traders withdrew long positions.
- A slide on Wall Street and on European share indices, led by declines in the energy and banking sectors, accelerated a sharp fall in the “riskier” kiwi dollar.
The pound rebounded strongly vs the euro yesterday with analysts suspecting that sterling could be oversold
Posted by Forex News Resource on October 27th, 2009
After an unsteady early session, the pound rebounded strongly from Friday’s sell off, to close 1.1% up.
- The pound recovered steadily through the day after data revealed that the German Gfk consumer sentiment indicator dropped to 4.0 from 4.2 in October, weaker than the median forecast of 4.5, dulling demand for the single currency.
- In addition UK business confidence rose to the highest in 18 months, according to a third-quarter survey, with 19% of executives polled saying the outlook for business is “good” or “very good,” up from 9% in the previous quarter, which stoked demand for the pound.
- Analysts hypothesised that the pound may be considerably oversold at its current value, which does present a good opportunity for British businesses.
- Analysts also noted two opposing arguments developing: the first is a widely held view that based on better PMI survey data there is a good chance that GDP data for Q3 will be revised up.
The index of national activity in the United States overcame the bar recession
Posted by maradona on October 27th, 2009
According to the report of the Federal Reserve Bank of Chicago, the indicator of economic activity in the U.S. rose in September and overcame a critical point, which indicates a recession.
Note that the index of national activity is calculated on the basis of 85 different economic indicators.
The average value of the index of activity for the three-month period from July to September rose to a negative value of -0.63 compared with -0.96 in the previous period, from June to August.
Note that the index of national activity is calculated on the basis of 85 different economic indicators.
The average value of the index of activity for the three-month period from July to September rose to a negative value of -0.63 compared with -0.96 in the previous period, from June to August.
GfK consumer confidence index in Germany fell for the first time since September 2008
Posted by maradona on October 26th, 2009
Outrunning GfK index of consumer confidence in Germany is 4.0 points for November, compared with 4.2 points in the previous month.
Indicator of business conditions in Germany Ifo increases eighth consecutive month
Posted by maradona on October 23rd, 2009
Indicator of business conditions in Germany, produced by the German Ifo Institute for Economic and reflecting the perspectives of development of German and European economies, amounted to 91.9 points in October compared to 91.3 points in the previous month.
Number of applications for unemployment benefits in the United States rose to 531 thousand
Posted by maradona on October 23rd, 2009
The number of primary applications for unemployment insurance in the United States increased over the past week for the first time after two weeks of decline.
Index rose for the week of October 17 to 11 thousand to 531 thousand, being at the highest level since 26 September.
At the same time, the number of Americans continuing to receive unemployment benefits fell for the week to October 10 to 98 thousand to 5.92 million. This indicator is at record low level since March this year.
Index rose for the week of October 17 to 11 thousand to 531 thousand, being at the highest level since 26 September.
At the same time, the number of Americans continuing to receive unemployment benefits fell for the week to October 10 to 98 thousand to 5.92 million. This indicator is at record low level since March this year.
the Data from UK have supported the pound
Posted by maradona on October 20th, 2009
Net public sector borrowing in September reached a record high, but were slightly above forecasts. The need for public sector cash flow in September also proved to be a record, but also below analysts’ forecasts.
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Consumer prices in the U.S. increased by 0.2% in September
Posted by maradona on October 16th, 2009
Consumer prices in the U.S. rose in September. Rising prices for cars, energy and health care smoothed first-year drop in the cost of rent and payments for housing.
Consumer Price Index in the U.S.
Consumer Price Index in the U.S.
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Retail sales in the U.S. fell by 1.5% in September
Posted by maradona on October 15th, 2009
The volume of retail sales in the U.S. fell in September to 1.5%, but the figure excluding auto sales showed strong growth.
The level of retail sales of $ 344.7 billion in September was at 5.7% lower than the figure in the corresponding period last year.
During the period, sales of vehicles fell immediately on 10,4%. Retail sales excluding auto sales rose in September at 0.5%.
The level of retail sales of $ 344.7 billion in September was at 5.7% lower than the figure in the corresponding period last year.
During the period, sales of vehicles fell immediately on 10,4%. Retail sales excluding auto sales rose in September at 0.5%.
The single currency continues to strengthen against the dollar, posting a fresh 14-month high
Posted by Forex News Resource on October 15th, 2009
The dollar slid further against the euro yesterday as solid results from JP Morgan Chase and rising equities stoked optimism about an improving global economy.
- The euro extended its rally, hitting a fourteen-month high of 1.4943 against the greenback, boosted after data showed an acceleration in eurozone industrial output.
Eurozone industrial production index rising fourth month in a row
Posted by maradona on October 14th, 2009
Eurozone industrial production index for August rose by 0,9% in monthly terms, said the EU statistical agency Eurostat. Value was below the level projected by most analysts (1.2%).
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ZEW index of economic sentiment in Germany declined in October
Posted by maradona on October 13th, 2009
Index of Germany’s ZEW economic sentiment for October was 56.0 points compared with 57.7 points a month earlier. The value was below analysts’ forecasts, is expected to increase to 58.8 points.
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