0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bearish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/K4BUUCDVdB
  • 💶 GDP Growth Rate QoQ 2nd Est (Q2) Actual: -12.1% Expected: -12.1% Previous: -3.6% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 GDP Growth Rate YoY 2nd Est (Q2) Actual: -15% Expected: -15% Previous: -3.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 Balance of Trade (JUN) Actual: €21.2B Expected: €12.6B Previous: €9.4B https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 GDP Growth Rate QoQ 2nd Est (Q2) Actual: -12.1 Expected: -12.1% Previous: -3.6% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 🇭🇰 GDP Growth Rate QoQ Final (Q2) Actual: -0.1% Expected: -0.1% Previous: -5.3% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 🇭🇰 GDP Growth Rate YoY Final (Q2) Actual: -9% Expected: -9% Previous: -9.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 GDP Growth Rate YoY 2nd Est (Q2) Actual: -9% Expected: -15% Previous: -3.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • Heads Up:🇭🇰 GDP Growth Rate QoQ Final (Q2) due at 09:00 GMT (15min) Actual: -0.1% Expected: -0.1% Previous: -5.3% https://www.dailyfx.com/economic-calendar#2020-08-14
  • Heads Up:🇭🇰 GDP Growth Rate YoY Final (Q2) due at 09:00 GMT (15min) Actual: -9% Expected: -9% Previous: -9.1% https://www.dailyfx.com/economic-calendar#2020-08-14
British Pound Ticks Up as RICS Survey Beats Forecasts

British Pound Ticks Up as RICS Survey Beats Forecasts

2017-02-09 01:31:00
David Cottle, Analyst
Share:

Talking Points:

  • The British Pound got a lift thanks to some good news on house prices
  • The Royal Institution of Chartered Surveyors (RICS) price balance came in at 25% for January
  • That was better than expected and above the previous month’s rise

The British Pound rose moderately on Thursday following the release of a more-upbeat-than-expected survey of house prices in its home country.

The Royal Institution of Chartered Surveyors’ (RICS) house price “balance” came in at 25% for January. That was above both the 22% which markets had been looking for and December’s 24%. The figure is arrived at by subtracting those respondents who saw price falls from those reporting price rises over the month. So a positive value indicates rising prices.

RICS said that house price growth was slightly more broad-based in January after slowing in December (spells of festive-season torpor are entirely usual in the UK housing market). However, prime central London property registered an 11thstraight monthly price fall and RICS reported static demand from new buyers.

The big question for this market has been whether the relative weakness in London would ripple outward, but so far at least this does not seem to be the case. The broader southeast of England remains in overall housing shortage, which should underpin the market.

GBP/USD had been meandering lower as Thursday’s Asian session took off. However, it snapped out of this following the survey’s publication, rising to 1.25310 from 1.25220.

Modest snapback: GBP/USD

British Pound Ticks Up as RICS Survey Beats Forecasts

Chart Compiled Using Trading View

Would you like to know more about financial-market trading? The DailyFXwebinarsare a great place to start.

--- Written by David Cottle, DailyFX Research

Contact and follow David on Twitter:@DavidCottleFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.