News | Forex Optimum

News

News

UK GDP grew more than expected in the 4th quarter

According to the report from Office for National Statistics, GDP is estimated to have increased by 1.3% in Quarter 4 (Oct to Dec) 2020, an upwards revision of 0.3 percentage points. Economists had expected a 1.0% increase.

There is little change to earlier estimate of UK gross domestic product (GDP) for 2020 as whole, which is now estimated to have contracted by 9.8%, slightly revised from the first estimate of a 9.9% decline; there are, though, revisions to the quarterly path through the year.

GDP in Quarter 2 (Apr to June 2020) is estimated to have fallen 19.5%, a downwards revision of 0.5 percentage points, and in Quarter 3 (July to Sept) is estimated to have grown by 16.9%, an upwards revision of 0.8 percentage points.

The household saving ratio increased to 16.1% in Quarter 4 2020, an increase from a revised 14.3% in Quarter 3 2020; over the year 2020, the household saving ratio rose sharply, reaching a record high of 16.3%, compared with 6.8% in 2019.

Non-financial corporations switched from a net lending position in Quarter 3 to a net borrowing position in Quarter 4; general government saw a decrease in their net borrowing position to 11.0% of GDP compared with 12.9% in Quarter 3.

You may also be interested:

17:36 27.07.2021
EUR/USD: Three reasons to go long here - Citi
eFXdata reports that Citi's FX technicals flag their bias for EUR/USD upside:"i). the divergence between real yields and the USD-index, ii). triple negative momentum divergence on the USD-index ahead of pivotal resistance, and iii). momentum flagging ahead of good supports on EURUSD".
17:18 27.07.2021
U.S. consumer confidence unexpectedly improves in July
The Conference Board announced on Tuesday its U.S. consumer confidence edged up 0.2 points to 129.1 in July from 128.9 in June. This was the highest reading since February 2020.Economists had expected consumer confidence to ease to 123.9. June’s consumer confidence reading was revised up from the originally estimated 127.3.The survey showed that the present situation index rose from 159.6 in June to 160.3 this month. Meanwhile, the expectations index edged down from 108.5 last
16:57 27.07.2021
U.S. home price growth accelerates more than expected in May - S&P Dow Jones Indices
S&P Dow Jones Indices (S&P DJI) reported on Tuesday its Case-Shiller Home Price Index, which tracks home prices in 20 U.S. metropolitan areas, surged 17.0 percent y-o-y in May, following a revised 15.0 percent y-o-y climb in April (originally a 14.9 percent y-o-y jump).Economists had expected a climb of 16.4 percent y-o-y.Phoenix (+25.9 percent y-o-y), San Diego (+24.7 percent y-o-y) and Seattle (+23.4 percent y-o-y) recorded the highest y-o-y advances among the 20 cities in May.
Deposit
options
Trading
platform
download
Bonuses VIP