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Fundamental Forex Analysis

There will be some bumpy times but we are resilient

Speaking in an interview on Times Radio, the UK Prime Minister (PM) Boris Johnson commented on the economic outlook while adding that economy stands resilient to this coronavirus crisis. Key quotes “This is goi...

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Fundamental Forex Analysis

UK prices are rising faster than official figures suggest – FT

According to a study conducted by Britain’s economic consultancy firm National Institute of Economic and Social Research (NIESR), the Kingdom’s Consumer Price Index (CPI) is understated by the Office for Nation...

UK: CBI Distributive Trade Survey
Fundamental Forex Analysis

UK: CBI Distributive Trade Survey

UK retail sector showed signs of recovery in June. GBP/USD clings to modest daily gains near mid-1.24s after the data. Retail sales in the UK contracted at a softer pace than in June than it did in May with th...

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Fundamental Forex Analysis

When are the UK Preliminary PMIs and how could it affect GBP/USD?

The UK PMIs overview The first Preliminary readings of the UK Manufacturing and Services PMIs for June are due for release today at 0830GMT. The Preliminary UK Manufacturing PMI is expected to show that the con...

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Fundamental Forex Analysis

CBI Industrial Trends Survey – Orders recovers modestly to -58 in June

CBI Industrial Trends Survey – Orders edged higher to -58% in June. This data doesn’t seem to be having a significant impact on market sentiment. The Total Order Books component of the CBI’s ...

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Fundamental Forex Analysis

UK annualized CPI meets estimates with 0.5% in May, GBP/USD revisits highs

UK CPI rises 0.5% YoY in May vs. +0.5% expected. Monthly UK CPI arrives at 0% in May vs. 0% expected. GBP/USD heads back towards 1.2587 on the data release. The UK Consumer Prices Index (CPI) 12-month rate cam...

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Fundamental Forex Analysis

UK shops see an 80% drop in the visitors in May – BRC

According to the British Retail Consortium (BRC), the UK reported an 81.6 % drop in the number of shoppers visiting the malls, shopping parks etc., in light of the coronavirus pandemic-imposed lockdown. Key tak...

UK Manufacturing Production plummets 24.3% MoM in April vs. -15.8% expected
Fundamental Forex Analysis

UK Manufacturing Production plummets 24.3% MoM in April vs. -15.8% expected

The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, as the overall industrial sector contraction deteriorated sharply in April. Manufacturing output...

This has been a sad, sad day
Fundamental Forex Analysis

Coronavirus is having a severe impact on our economy

Following the release of the UK GDP report, the country’s Finance Minister Rishi Sunak justified the sharper-than-expected contraction in the economy in April. Key quotes “In line with many other economies arou...

IBD/TIPP Economic Optimism Index drops to 47.8 in April from 53.9
Fundamental Forex Analysis

UK consumer confidence hits lowest since GFC due to coronavirus impact – GfK survey

According to the latest survey conducted by GfK, a polling firm, the UK consumer confidence hits a decade low in late May, the lowest since the Global Financial Crisis (GFC), as Britons remain worried about the...