The ECB brings an opportunity to the EUR traders
The European central bank will conduct its press conference on January 24 at 15:30 MT time.
British economy soars less than anticipated for the last three months of 2017
The UK economy ascended more slowly than previously anticipated for the three months of 2017, as official figures disclosed, raising questions as for the British economy's strength as the BoE is ready to have interest rates lifted.
Thursday's figures state that the UK economy lost steam in late 2017 notwithstanding the strength of the world’s economy.
Many British households are feeling the pinch from a huge leap in inflation after in 2016 they supported the idea of breaking up with the European Union.
Between October and December gross domestic product inched up by 0.4%, as the Office for National Statistics informed, which is below experts’ estimates of 0.5%.
Downwardly updated surge of 1.4% appeared to be the weakest outcome for more than five years in year on year terms.
A number of small updates to energy generation, mining as well as service turned to be enough to cause a moderate downward update to quarterly surge in general, as ONS statistician Darren Morgan informed
The UK economy managed to inch up by 1.7% the previous year. What’s more, in general it stepped down 0.1%, which is more than previously anticipated, demonstrating the weakest outcome since 2012.
Thursday's data disclosed that household spending rallied at an annual rate of 1.4% in the fourth quarter of the previous year, tacking on a bit from 1.3% in the third quarter.
As for business investment, it was intact on the quarter and inched up by 2.1% on the year.
Aside from that net exports ate up 0.5% from fourth-quarter surge.
Earlier this month the Bank of England informed that in February it actually expected the British economy to edge up by 1.8% in 2018, which is faster than its previous estimate of 1.6%, mainly due to the strength of the world’s economy.
Similar
American home sales reach three-year minimum
In December, American home sales slipped to their lowest value for three years…
UK pay surge reaches fresh 10-year maximum as employment jumps
UK employees’ pay surge reached another 10-year maximum and employment rallied by much more than anticipated for the three months to the end of November due to the fact that the UK labor market was still firm notwithstanding other signs of an economic…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
