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 |
|
|
1.3101 -370 pips |
1.3549 -78 pips |
1.34710 | |
| GBPJPY |
|
|
193.8262 -547 pips |
199.3107 -1 pips |
199.300 | |
| EURGBP |
|
|
0.8623 -87 pips |
0.8682 +28 pips |
0.87095 | |
| GBPCAD |
|
|
1.8160 -399 pips |
1.8643 -84 pips |
1.85590 | |
| GBPCHF |
|
|
1.0763 +48 pips |
1.0894 -179 pips |
1.07150 | |
| GBPNZD |
|
|
2.2695 -278 pips |
2.1741 +1232 pips |
2.29735 | |
| GBPAUD |
|
|
1.9848 -566 pips |
2.0607 -193 pips |
2.04140 | |
| GBPNOK |
|
|
13.3923 +133 pips |
13.4477 -687 pips |
13.37901 | |
| GBPSEK |
|
|
12.7590 +830 pips |
13.0611 -3851 pips |
12.67600 | |
| GBPSGD |
|
|
1.7330 +33 pips |
1.7423 -126 pips |
1.72970 |
News (GBP)
UK Budget Shortfall Overshoots Estimate
UK government borrowing increased more than expected and also exceeded the official estimate in August, adding pressure on Chancellor Rachel Reeves ahead of the November budget. Public sector net borrowing increased GBP 3.5 billion from the last year to GBP 18.0 billion in August, the Office for National Statistics said Friday.
RTTNews | 19h 37min ago
Bank Of England Holds Key Rate; Slows Quantitative Tightening
The Bank of England left its interest rate unchanged and softened its pace of quantitative tightening on Thursday, as policymakers were wary about risks to inflation in the U.K. The BoE Monetary Policy Committee, led by Governor Andrew Bailey, voted 7-2 to maintain the bank rate at 4.00 percent.
RTTNews | 1 day ago
UK Inflation Unchanged At 3.8%
U.K. consumer price inflation remained sticky in August on higher food prices, official data showed Wednesday, ahead of the policy announcement by the Bank of England on Thursday. The consumer price index rose 3.8 percent on a yearly basis in August, the same rate of increase as seen in July, the Office for National Statistics reported. Inflation matched economists' expectations and stood well ab
RTTNews | 2 days ago
