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GBP

UK Manufacturing Production up 0.1% vs. 0.3% from prior month

Industrial Production down 0.4% vs. +0.4% expected.

Gbp/Usd off 20 pips to 1.5770

UK BRC Sales

The UK BRC Same Store Sales reading for February was -0.3% on a year over year basis, the same as the prior month. The market has shrugged off the release as it seems to be regaining some of the risk bid that was lost yesterday to begin the trading week.

UK Hometrack Housing Survey

Risk is trading off after an early bid to start the week, aided by another soft housing number from the UK for February.

  • Hometrack Housing Survey (MoM) – Actual:0.0%   Prior:0.0%
  • Hometrack Housing Survey (YoY) – Actual:-1.4%   Prior:-1.6%

UK Nationwide Consumer Confidence for Jan – Survey:40 Actual:47 Prior:38

A better Confidence reading out of the UK has done little to help the price of Cable as it continues below the 1.57 handle inching towards yesterday’s lows.

BRC Shop Prices

The BRC Shop Price Index in the UK grew in January at a 1.4% pace over the prior year, slower than the prior month which grew at 1.7%a clip year over yer.

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