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United Kingdom Construction Output YoY
Construction output is measured in the United Kingdom as the change in the amount billed by construction firms to clients for the value of work over a certain period of time. The figure is based on a survey of 8,000 companies with more than 100 employees or an annual revenue of more than 60 million. From the perspective of the production method, construction estimates are a component of GDP, accounting for about 6.4% of GDP.
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 |
|
|
1.3218 -495 pips |
1.3591 +122 pips |
1.37127 | |
| GBPJPY |
|
|
191.8348 -553 pips |
196.2708 +110 pips |
197.369 | |
| EURGBP |
|
|
0.8519 -66 pips |
0.8576 +9 pips |
0.85852 | |
| GBPCAD |
|
|
1.8409 -306 pips |
1.8647 +68 pips |
1.87145 | |
| GBPCHF |
|
|
1.0891 +14 pips |
1.1037 -160 pips |
1.08774 | |
| GBPNZD |
|
|
2.2095 -452 pips |
2.1720 +827 pips |
2.25470 | |
| GBPAUD |
|
|
2.0288 -593 pips |
2.1007 -126 pips |
2.08810 | |
| GBPNOK |
|
|
13.7228 -1299 pips |
13.8639 -112 pips |
13.85268 | |
| GBPSEK |
|
|
12.8783 -1498 pips |
13.1869 -1588 pips |
13.02808 | |
| GBPSGD |
|
|
1.7380 -86 pips |
1.7576 -110 pips |
1.74663 |
News (GBP)
UK House Price Inflation Softens In June
UK house prices logged a slower growth in June reflecting weaker demand after the increase in stamp duty at the start of April, data from the Nationwide Building Society showed on Tuesday. House prices advanced 2.1 percent year-on-year in June, slower than the 3.5 percent increase seen in May. House price growth was expected to moderate to 3.3 percent.
RTTNews | 1 day ago
UK Mortgage Approvals Rise For First Time This Year
UK mortgage approvals increased for the first time so far this year in May, suggesting an improvement in housing market activity, figures from the Bank of England showed Monday. The net mortgage approvals for house purchases that indicate future borrowing rose by more-than-expected 2,400 to 63,000 in May. This was the first increase since December 2024.
RTTNews | 1 day ago
UK GDP Growth Confirmed At 0.7%
The UK economy expanded at a stronger pace in the first quarter as previously estimated on robust services and industrial production, revised data from the Office for National Statistics showed on Monday. Real gross domestic product grew 0.7 percent, unrevised from the first estimate. This followed 0.1 percent expansion in the fourth quarter and marked the fastest growth since the first quarter.
RTTNews | 1 day ago
