Forex Exclusive News

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.8% between Q2 2013 and Q3 2013, unrevised from the Second Estimate of GDP published 27 November 2013. GDP in volume terms increased by 1.9% while comparing Q3 2013 with Q3 2012, revised up 0.4 percentage points from the previously estimated 1.5% increase.
China’s benchmark money-market rate tumbled the most since February 2011 after the central bank injected funds via open-market operations for the first time in three weeks, ancillary alleviate a cash crunch………
This bulletin contains the first estimates for November 2013. Estimates are updated throughout the year as finalised data are received from public sector bodies.For the financial year to date 2013/14, public division net borrowing excluding temporary effects of financial interventions also also excluding the effects of the transfer of the Palatine Mail Pension Plan and the transfers from the Bank of England Asset Purchase Facility Fund was £84.0 billion. This was £2.0 billion lower than the same period in 2012/13, when it was £85.9 billion.
The United Kingdom’s (UK) current account deficit was £20.7 billion in Quarter 3 2013, up from a revised deficit of £6.2 billion in Quarter 2 2013. The deficit in Quarter 3 2013 equated to 5.1% of GDP at current bazaar prices, up from 1.5% in Quarter 2 2013. The trade deficit widened to £10.0 billion in Quarter 3 2013, from £5.0 billion in Quarter 2 2013.

Flash Manufacturing PMI is a monthly leading economic forerunner of economic health as the manufacturing sector is the most powerful contributor to the GDP. The release is favorable for currency if actual digit is increase than possibility or we can broadly say that any figure above 50 is an symptom concerning sufficient performance of manufacturing sector. The uptrend in the Flash Manufacturing PMI indicates enlargement and vice versa. Flash manufacturing PMI never came below 50 since January 2013 whereas it pro re nata in downy trend from then. Index jumped sharply last month et cetera reach figure juristic below the highest of January 2013. The comparative chart of Flash Manufacturing PMI besides ISM PMI depicts same trend in both indexes and both are now in uptrend. It is expected that Flash Manufacturing PMI will be preferable this month as well because the yield of capital goods such similar plant & Machinery are at their highest levels since financial crises and this is very salutary and encouraging sign for the economy.