Forex News


UK Q4 GDP revised higher, Current account deficit hits record high

10:46 31 March /2016 Forex

The UK Office for National Statistics (ONS) revised Q4 GDP higher largely on the back of an upward revision in the construction sector in December 2015.

GDP was revised to +0.6% q/q and 2.1% y/y in the period, up from the second estimate of 0.5% and 1.9% respectively.

Key points

UK Q4 current-account deficit printed at 7% of GDP, most on record.

Real household disposable income fell in the quarter, down 0.6%.

The quarterly household savings ratio also fell, standing at 3.8% vs 4.8% in Q3.

The annual savings rate for 2015 was 4.2%, with both the Q4 and 2015 levels the lowest ratios since records began in 1963.

to other news

all news
BOJ Summary of Opinions – Appropriate to pursue powerful monetary easing Omkar Godbole

Bank of Japan (BOJ) Summary of Opinions at the policy meeting on March 15 and 16, 2017 released this Monday morning says it is appropriate for the bank to pursue powerful monetary easing under the current guideline for market operations as there is still a long way to go to achieve the 2% inflation

03:23 27 March /2017 Forex

AUD/NZD: 1.0825 vulnerable - Westpac

Analysts at Westpac offered their outlook for AUD/NZD and rates.Key Quotes:"AUD/NZD 1 day: The correction of the Feb-Mar rally persists, 1.0825 vulnerable, and 1.0760 possible multi-day (50% retracement).AUD/NZD 1-3 month: Higher to 1.10+. The cross remains well below fair value est

02:46 27 March /2017 Forex