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UK Construction Output fell by 0.5%

In November 2015, output in the construction industry was estimated to have decreased by 0.5% compared with October 2015. Analysts were anticipating 0.5% increase. All new work was the largest contributor to the fall, decreasing by 0.7%, with repair and maintenance (R&M) falling 0.2%.

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UK Industrial Production decreased by 0.7%

Total production output is estimated to have increased by 0.9% in November 2015 compared with the same month a year ago. There were increases in 3 of its 4 main sectors, with the largest contribution coming from mining & quarrying, which increased by 10.5%. Manufacturing output decreased by 1.2% in November 2015 compared with November 2014. The largest contribution to the decrease came from the manufacture of machinery & equipment not elsewhere classified, which decreased by 13.7%.  Read more...

Sterling - favorite currency to sell at the moment

There are no data releases from the UK today. Sterling is everyone’s favorite currency to sell at the moment,” said Neil Mellor, a senior foreign- exchange strategist at Bank of New York Mellon as FxEmpire reports. “You have economic news veering on the more negative side, then you have Osborne talking about all the various shocks the UK faces and the Brexit debate. Read more...

UK Trade Balance deficit narrowed to £10.6 billion

The UK’s deficit on trade in goods and services was estimated to have been £3.2 billion in November 2015, a narrowing of £0.3 billion from October 2015. The narrowing is attributed to trade in goods where the deficit has narrowed from £11.2 billion in October 2015, to £10.6 billion in November 2015. This was in line with market forecasts. Between October 2015 and November 2015, the trade in goods narrowing was mainly the result of a fall in the import of goods of £0.9 billion to £33.9 billion. The narrowing is mainly attributed to a fall in imports of oil which decreased by £0.5 billion to £2.2 billion.  Read more...

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