fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: GBP/USD: BRC Shop Price Index Rises In October  Wed Nov 07, 2012 10:24 am | |
| GBP/USD: BRC Shop Price Index Rises In October For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.5990. On the economic front, industrial production in the UK fell 1.7% (MoM) in September, compared to a 0.5% drop in August. Additionally, on a seasonally adjusted basis, house prices in the UK fell 0.7% (MoM) in October, following a 0.4% drop recorded in September. Meanwhile, The National Institute of Economic and Social Research (NIESR) estimated that the Gross Domestic Product (GDP) in the UK rose 0.5% in the three months ending in October, compared to an upwardly revised 1.0% growth recorded in the three months to the end of September. In the Asian session, at GMT0400, the pair is trading at 1.6028, with the GBP trading 0.24% higher from yesterday’s close. Data released today morning indicated that the British Retail Consortium’s annual shop price inflation in the UK rose to 1.5% in October, compared to a 1.0% growth posted in September.  | |
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