Daily Forex News

Daily forex news and updates. Currencies, Stocks, Commodities, Market Indices. Latest forex market news and analysis

UK November Retail Sales in line with expectations

Retail sales in the UK for the month of November rose by 0.3%, in line with the market expectations. Within the sub-sector, clothing and footwear sales helped boost the overall sales. ...
Continue Reading →

December UK unemployment falls to 7.4%

The December UK unemployment rate dropped to the lowest levels since April 2009 to 7.4% while unemployment benefits dropped by -36k, modestly beating market expectations of -35k. The ...
Continue Reading →

Focus on BoE MPC minutes, unemployment data, FOMC

Wednesday will see some market moving events for the UK, with the monthly MPC minutes from the BoE due to be published followed by the monthly unemployment data. The Bank of England ...
Continue Reading →

UK Inflation draws closer to BoE’s target

November inflation rate in the UK declined to its lowest levels in four years decelerating to 2.1% coming out below market expectations according to figures released by the ONS earlier ...
Continue Reading →

UK Services PMI eases in November

The November’s Services PMI reading came in below expectations at 60, down from October’s reading of 62.5 which was incidentally the strongest month and below market expectations ...
Continue Reading →

UK November Manufacturing PMI beats estimates

The Manufacturing PMI services for the month of November, released by Markit showed a strong expansion in the manufacturing sector. The November PMI (manufacturing) came in at 58.4, ...
Continue Reading →

BoE to end Funding for Lending in 2014

BoE Governor Mark Carney
BoE Governor Mark Carney said that there was no longer a need for the Funding for Lending scheme which was aimed at boosting the housing and the mortgage markets. FLS, which was launched ...
Continue Reading →

GBPUSD – How much more can the bull ride continue?

GBPUSD Weekly Chart, Nov 2013
As the British Sterling continues to soar higher and higher, we take a look at the technicals and the fundamentals to ascertain the current bullish move of the British Sterling in regards ...
Continue Reading →