Why Are Retail Sales Low in the United Kingdom?
The Office of National Statistics published the retail sales for June at a six-month low. Retail sales fell by 0.9% on a month-over-month basis.
Pound Rose Even as the Final GDP Revised Down
The pound-US dollar pair was trading on a positive bias on December 23, 2015. The currency pair found resistance at 1.49. It closed the day at 1.4874.
Declining Unemployment Hints at Tightening Labor Market in the UK
According to the Office for National Statistics, the unemployment rate in the UK dropped to 5.4% in the three months to August 2015 from 5.5% in the prior period.
Pound Gains Strength on Positive PMI Numbers
The pound gained strength against the US dollar on October 2, 2015. The uptick came with the announcement of strong construction PMI numbers.
Glencore Rises and Chinese Consumer Sentiment Reaches a Year High
Chinese consumer sentiment rose to its highest in over a year in September 2015. The reading increased by 1.5% to 118.2 in September from August.
British Pound Rallies on UK Employment Report
The British pound–US Dollar pair traded with a positive bias on the back of strong labor numbers. It posted a high of 1.5529, ending at 1.5493 on September 16—still a 0.98% increase from its opening level.
Chinese Economic Report Pressures the UK Market on September 14
September 14 was a gloomy day for the UK stock market as well, as the iShares MSCI United Kingdom ETF (EWU) fell by 1.12%.
Financial Services Take EWU Down
On August 20, the bottom four stocks of the iShares MSCI United Kingdom ETF (EWU) were ICAP (IAP), Prudential Financial (PRU), Hargreaves Lansdown (HRGLF), and Carnival (CUK).