Reply To: Traders Market Weekly: Balancing Expectations, Earnings and Money Flow


U.K.’s May Construction Output -0.2% m/m (expected 0.0%; last -0.9%); 0.2% yr/yr (expected 0.8%; last 2.7%).
May GDP -0.1% m/m (expected -0.3%; last 0.2%).
May Industrial Production -0.6% m/m (expected -0.4%; last -0.2%); -2.3% yr/yr, as expected (last -1.6%).
May Manufacturing Production -0.2% m/m (expected -0.4%; last -0.2%); -1.2% yr/yr (expected -1.7%; last -0.6%).
May trade deficit GBP18.72 bln (expected deficit of GBP14.70 bln; last deficit of GBP14.64 bln)

The Bank of England’s quarterly bank survey showed that mortgage defaults have reached their highest level since 2009 in Q2.

British homebuilder Barratt Developments lowered its deliveries forecast for FY24 due to high rates.

British Prime Minister Sunak is reportedly in favor of a 6% pay increase for public sector workers.