Latest from Liam Halligan in The Telegraph.
David Cameron writes for The Telegraph on the eve of the Conservative party conference in Manchester.
David Cameron is to unveil a plan to get Britain back to work by forcing millions of welfare claimants into training.
UK PMI construction for September has come in at 46.7, weaker than the median forecast of 48.1. Meanwhile Bank of England has reported that housing equity withdrawal for Q-2 -£6.996 bln. Cable steady at 1.5895. Is it home time yet?
UK PMI construction for September is up next in about 13 mins (08:30 GMT). It’s expected 48.1, up from previous 47.7. Cable is steadying a little after earlier sell-off, presently at 1.5885 having posted 1.5866 session low.
Kraft, the American food group, is close to finalising a deal with lenders on the funding of its bid for Cadbury.
UK September manufacturing PMI has come in at a disappointing 49.5, down from 49.7 in August, and appreciably below the median forecast of 50.2. Cable, not surprisingly, has lost ground post release, down presently at 1.5945 from around 1.5970.
Cable is very marginally firmer on the day, presently at 1.5975 from an opening in Europe down around 1.5960. The market is now waiting for UK manufacturing PMI data for September up in 7 mins or so, median forecast 50.2 from … Continue reading
The GfK confidence index for September came in at -16 after a reading of -25 in August. This is the highest reading in 18 months and the biggest jump in the index in 15 years. Sterling in relatively unchanged but we … Continue reading
There is a rumor in the Street that the GfK Uk consumer confidence data, set for release in early Asia, has leaked. The rumor is it is -16 versus expectations for -24. Cable popped as high as 1.5455 and trades … Continue reading