Analytics

Forex News

Forex

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
Australian Oct trade position was materially weaker than expected - Westpac

Andrew Hanlan at Westpac notes his afterthoughts following the release of Australian trade deficit figures, which disappointed widening by $0.2bn to $1.5bn. Exports came in at +1.4%, while imports at+2.3%.Key Highlights:For October, the trade position was materially

05:00 08 December /2016 Forex

New Zealand BPS – “Surprise” is in bond buying program – ANZ Research

ANZ Research takes note of the surprise offered by the New Zealand budget statement in its report on ‘2016 Half-Year Economic and Fiscal Update (HYEFU) and 2017 Budget Policy Statement (BPS).Key quoteAlthough most (including us) assumed the hit from the Kaikoura quake would lead to

05:00 08 December /2016 Forex

NZD/USD peeps above 0.72 after Fonterra boosts payout forecast

The NZD / USD rose to an Intraday high of 0.7211 after reports hit the wires that Fonterra has boosted the forecast payout to farmers by 50 cents to $6.40 a kilo of m

04:46 08 December /2016 Forex