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Thursday, April 25, 4:37 AM U.K. Q1 GDP +0.3% M/M vs -0.3% in Q4 and consensus of +0.1%; on year, +0.6% vs +0.2% and +0.3%. The pound (FXB) spikes as the U.K. avoids a triple-dip recession, and is +0.9% vs the dollar, although the FTSE remains lower at -0.3%. (PR) 1 Comment [Global & FX, Top Stories, Breaking News, On the Move]
Tuesday, April 2, 4:36 AM U.K. manufacturing PMI edges up to 48.3 in March from 47.9 in February; Q1 average PMI slips to 49 from 49.2 in Q4. "These weak numbers may be sufficient to tip the balance and convince more members of the MPC to consider additional QE at their meeting next week," says Markit. (PR) Comment! [Global & FX, Top Stories, Breaking News]
Wednesday, March 27, 6:09 AM Various markets dive after the BOE spells out the continued massive risks to British banks. Half of the £25B that banks must raise this year has been factored into their capital-raising plans. All in all, major banks and building societies face a £50B reduction in their regulatory capital, although HSBC (HBC) doesn't face a shortfall. FTSE 100 -0.1%, S&P futures -0.2%. (PR) 1 Comment [Financials, Top Stories, On the Move, Global & FX]
Wednesday, March 20, 5:49 AM The Bank of England's monetary policy committee voted unanimously to keep interest rates on hold at a meeting earlier this month and 6-3 against more quantitative easing. As in February, Governor Mervyn King was among those wanting the bank to increase the program by another £25B to £400B. The pound jumps vs the dollar and is now +0.3%. (PR) Comment! [Global & FX, Top Stories, Breaking News]
Monday, March 18, 4:44 AM U.K. Finance Minister George Osborne is set to acknowledge in the budget on Wednesday that the government's debt will only start falling in 2017-18 at the latest rather than in the 2015-16 timeframe previously given. The new forecast is also well after the original plan of 2015. Still, Osborne intends to use any available cash to support growth and ease the burden on households. 1 Comment [Global & FX]
Tuesday, March 12, 5:50 AM U.K. deficit in trade of goods £8.195B in January vs £8.74B in December and consensus of £9B. Services surplus £5.8B. Total deficit seasonally adjusted £2.36B in January vs £2.81B in December. Export volumes (excluding oil and erratics) unchanged in three months to January, while import volumes -2%. Although the pound has slumped following the trade and production figures, the FTSE 100 is +0.1%. (PR) 3 Comments [Global & FX, Top Stories, On the Move]
Tuesday, March 12, 5:39 AM U.K. industrial production -1.2% M/M in January vs +1.1% in December and consensus of +0.1%. On year, -2.9% vs -2.1% and -1.1%. Manufacturing production -1.5% M/M vs +1.5% and unchanged. On year, -3% vs -1.6% and -1.1%. The pound dives from $1.4907 to $.1.4848 (-0.4% on the day) within minutes. (PR) Comment! [Global & FX, Breaking News, Top Stories, On the Move]
Wednesday, February 27, 4:51 AM U.K. Q4 GDP -0.3% Q/Q vs +1% in Q3 and as initially estimated, while on year, GDP revised up to +0.3% from flat. Sterling was higher vs the dollar but takes a bit of a dive after the data is released and is now -0.1% at $1.5108. The FTSE also loses its gains and is flat. (PR) Comment! [Global & FX, On the Move, Top Stories]
Wednesday, October 17, 2012, 4:51 AM The BOE's Monetary Policy Committee voted unanimously at a meeting earlier this month to leave its key lending rate unchanged at 0.5% and to maintain the size of its asset-purchase program at £375B, the minutes show. However, officials were split on whether more QE is needed, with some questioning the impact on the wider economy. (PR) Comment! [Top Stories, Global & FX]
Tuesday, July 31, 2012, 3:59 AM Moody's says the U.K. is facing renewed economic headwinds, and cuts its GDP forecast to 0.4% for 2012 and to 1.8% for 2013. Comment! [Global & FX]
Friday, June 29, 2012, 3:15 AM European markets rocket out of the gate as investors cheer progress on a tighter union and bank recapitalization. London +1.7%. Paris +3.0%. Frankfurt +2.4%. Madrid +4%. Euro +1.2% to $1.2592. Sterling +1% to $1.5664. 19 Comments [Global & FX, On the Move, Top Stories]
Wednesday, May 23, 2012, 4:41 AM European stocks extend their losses following ugly U.K. retail numbers and BoE minutes. London -1.4%. Paris -1.8%. Frankfurt -1.5%. Comment! [Global & FX, On the Move]
Tuesday, May 22, 2012, 5:15 AM The IMF says the U.K. should consider cutting interest rates and more quantitative easing. The country should prepare a Plan B for deficit reduction if those measures don't work. 2 Comments [Global & FX, Breaking News, Top Stories]
Wednesday, May 16, 2012, 5:36 AM In its inflation report, the Bank of England looks ahead two years and sees inflation slowing below its 2% target and GDP at 2.6%. U.K. growth prospects are "unusually uncertain," with the eurozone debt crisis posing the biggest risk. 2012 growth forecast lowered to 0.8% from 1.2%. Pound -0.54% vs. USD. Comment! [Global & FX, Breaking News, Top Stories]
Tuesday, May 1, 2012, 5:26 AM U.K. manufacturing PMI fell to 50.5 in April from 51.9 in March, still in expansionary territory but just barely. Economists had expected a reading of 52.0. Comment! [Global & FX]
Wednesday, April 25, 2012, 7:14 AM London underperforms a strong European rally following news the country slipped back into recession in Q1, which was the 4th quarter in the last 6 where the economy contracted. Some economists aren't buying it, saying a sharp 3% fall in construction output and just a 0.1% rise in the services sector don't jibe with other data. FTSE +0.2%. Comment! [Global & FX]

FKU First Trust United Kingdom AlphaDex ETF

FKU

First Trust United Kingdom AlphaDex ETF