
What happened? On Monday, February 21, Russian President Vladimir Putin signed decrees recognizing the sovereignty of the Donetsk and Lugansk People's Republics…
For the three months to July, the United Kingdom has faced its fastest economic surge for almost a year due to firm consumer spending provoked by the World Cup as well as unusually warm weather. That’s what official figures revealed on Monday.
For the three months to July, GDP rallied by up to 0.6% compared to the previous three-month period, as the Office for National Statistics uncovered, picking up pace from 0.4% surge for the three months to June - and also at the top end of estimates in a Reuters survey.
It has turned out to be the fastest surge since August last year, and it should reassure Britain’s key financial institution that had interest rates lifted the previous month for the second time for more than a decade, predicting third-quarter surge of about 0.4%, but just a lackluster 2018 leap of about 1.4%.
Besides this, the UK currency was nearly intact on the data that market experts told demonstrated that the British economy was soaring better than anticipated after a slow start to this year, even considering the effect of one-off factors.
Since the June 2016 vote to abandon the European bloc the British economy has speeded down, its annual surge rate dived from top spot among the Group of Seven wealthy countries.
Some business polls have demonstrated that companies postponing investment plans, while the terms on which the United Kingdom will escape the European Union, will be still unclear, thus posing the risk of disruption to currently existing trade pacts.
Monday's data revealed that in contrast with 2017, GDP surge in July alone jumped by 1.6%, while it managed to ascend by 0.3% since June, surpassing survey estimates for 1.4% annual surge as well as a 0.2% monthly profit.
What happened? On Monday, February 21, Russian President Vladimir Putin signed decrees recognizing the sovereignty of the Donetsk and Lugansk People's Republics…
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The Bank of England will announce its policy statement on December 16, Thursday, at 14:00 GMT+2 (MetaTrader time). It will affect all the pairs with the British pound.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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