United Kingdom CBI Distributive Trades
The health of the retail sector in the United Kingdom is measured by the Confederation of British Industry (CBI) Distributive Trades Survey (DTS). The information in this reading is derived from a survey of approximately 150 retail and wholesale businesses. Measures of sales activity across the distribution trades are included in this category. It is considered to be a leading indicator of consumer expenditure. The figure depicts the difference between the percentage of retailers who reported an increase in sales and the percentage of shops who reported a reduction in sales.
A higher than expected figure should be seen as positive (bullish) for the GBP while a lower than expected figure should be seen as negative (bearish) for the GBP.
Forex Sentiment (GBP)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| GBPUSD |
|
|
1.3186 -410 pips |
1.3533 +63 pips |
1.35958 | |
| GBPJPY |
|
|
195.4483 -497 pips |
198.8945 +152 pips |
200.417 | |
| EURGBP |
|
|
0.8552 -97 pips |
0.8663 -14 pips |
0.86486 | |
| GBPCAD |
|
|
1.8523 -244 pips |
1.8689 +78 pips |
1.87668 | |
| GBPCHF |
|
|
1.0790 -14 pips |
1.1013 -209 pips |
1.08042 | |
| GBPNZD |
|
|
2.2574 -216 pips |
2.2170 +620 pips |
2.27897 | |
| GBPAUD |
|
|
1.9861 -534 pips |
2.0590 -195 pips |
2.03947 | |
| GBPNOK |
|
|
13.3712 -15 pips |
13.4597 -870 pips |
13.37267 | |
| GBPSEK |
|
|
12.7293 +1150 pips |
12.8104 -1961 pips |
12.61426 | |
| GBPSGD |
|
|
1.7334 -78 pips |
1.7544 -132 pips |
1.74116 |
News (GBP)
UK Economy Flatlines In July
The UK economy stagnated in July, posing further challenges to Chancellor Rachel Reeves as any tax hikes or spending cuts would again dampens activity. Real gross domestic product showed no growth in July, as expected, after rising 0.4 percent in June, the Office for National Statistics reported Friday.
RTTNews | 3 days ago
UK House Prices Rise For Third Month: Halifax
UK house prices increased for the third straight month to hit the highest on record in August, data from the mortgage lender Halifax showed Friday. House prices grew 0.3 percent in August from a month ago. However, this was slightly weaker than the 0.4 percent increase in July. Prices increased for the third straight month and logged a faster-than- expected rise of 0.2 percent.
RTTNews | 10 days ago
UK Construction Sector Continues To Shrink
The UK construction sector contracted for the eighth consecutive month in August due to marked reductions in the housing and civil engineering works, survey data published by S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 45.5 in August, up from 44.3 in July. However, the score remained well below the 50.0 mark indicating sharp fall in construction output.
RTTNews | 11 days ago
