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from Currency UK
Today sees a comparatively quiet day from a data release perspective, with the exception of US Durable Goods Orders at 1.30pm. (Durable Goods are those planned to last for three years or more, such as motor vehicles and appliances. As those durable products often involve large investments they are sensitive to the US economic situation). If [...]
The UK retail sales unexpectedly fell in April dragged down by the largest drop in food sales for nearly two years as retailers reported bad weather dented demand. The volume of sales (excluding fuel) declined by 1.4% from March. The minutes of the BoE May meeting showed the committee remained in limbo with a unanimous [...]
The rate of UK inflation slowed more than forecast in April falling to a seven month low. Consumer prices rose 2.4% from a year earlier, down from 2.8% in March (the market was expecting a figure of 2.6-2.7%). The broader measure of RPI inflation fell to 2.9% from 3.3% in the previous month, the lowest since [...]