Office for National Statistics »

  • H.S. Borji

    The British pound was treading water Monday, as the forex market eyes an active data wire headlined by the consumer price index and retail sales. Observers of sterling will note the currency’s relative weakness in recent weeks. The markets became jittery about the pound after Bank of England officials pondered about the UK’s struggling export

  • UK manufacturing production rose more than forecast in January, a sign recovery continued to broaden at the start of the year. Output in UK factories increased 0.4 percent at the start of the year, the Office for National Statistics reported today in London. Compared to a year ago, output rose 3.3 percent, matching forecasts. Industrial

  • Forex » British Pound Pulls Ahead
    February 25, 2014, 17:40 GMT

    The British pound was higher Tuesday, as stronger than forecast mortgage approvals outweighed concern the UK housing market may be overheating. The British Bankers’ Association said banks approved 50,000 mortgages last month, the highest level since September 2007. The data suggest first-time buyers benefited from government lending schemes, which passed on cheap finance to banks

  • UK retail sales tumbled in January, as demand at food and clothing stores declined after the holiday season. Retail receipts declined 1.5 percent in January, the Office for National Statistics reported today. The decline, which was the steepest in nearly two years, follows a gain of 2.5 percent in December. Sales excluding fuel also declined

  • UK unemployment unexpectedly rose in December, further validating the Bank of England’s cautious approach to monetary policy. The unemployment rate edged up 0.1 percentage point to 7.2 percent in the three months to December, official data from the Office for National Statistics showed today. December marked the first time since February 2013 that unemployment rose.

  • Forex » UK Inflation Falls Below BOE Target
    February 18, 2014, 17:01 GMT

    UK inflation fell below the Bank of England’s target for the first time since 2009, further validating the central bank’s decision to hold off on raising interest rates. Consumer inflation rose at an annual rate of 1.9 percent in January, official data from the Office for National Statistics showed today. Economists forecast inflation to remain

  • Forex » GBP/USD Plummets on Thin Trade
    February 17, 2014, 19:47 GMT

    The British pound was lower Monday, as US traders paused for President’s Day. The GBPUSD pair fell to a session low of 1.6698 before consolidating north of the 1.67 handle. The pair traded at a loss of more than 50 pips, as a dearth of economic data kept the forex market speculating about monetary policy

  • Forex » EUR/GBP Rebounds Ahead of BOE
    February 17, 2014, 19:01 GMT

    The EURGBP pair rebounded Monday, as investors set their sights on an active week of trade headlined by the Bank of England’s monthly interest rate decision. As of 17:30 GMT, the EURGBP was trading at 0.8208, a gain of 33 pips. The pair is currently testing the 0.8204 resistance; a break above this level leads

  • Forex » UK Economy Expands 1.9% in 2013
    January 28, 2014, 16:25 GMT

    The UK economy expanded last year at the fastest rate since 2007, fueling speculation the Bank of England will have little choice but to reconsider raising interest rates sooner than expected. The UK’s gross domestic product expanded 0.7 percent in the fourth quarter, official data from the Office for National Statistics showed today. The rate

  • Business » UK Retail Sales Reach 9-Year High
    January 17, 2014, 18:21 GMT

    Retail revenues in the United Kingdom rose at the fastest annual rate in nine years, as Christmas shoppers took advantage of year-end discounts. Retail revenues rose 2.6 percent in December, the Office for National Statistics reported Friday. Year-on-year, retail sales soared 5.3 percent, more than double the median forecast of economists collected by Thomson Reuters.

Page 4 of 41234