Economic Fundamentals from the U.K.
GBP: Claimant Count Change: -33.6K and though better than the expected -30.0K but was poor as compared to the previous -39.5K. However the claimant count rate dropped from 3.1% to 3.0%.(-0.1%)
GBP: Average Earnings (3 months/year): The change in the earnings including bonus was -0.2% and negative as compared to the consensus as well as the previous 0.4%. Same with the earnings excluding bonus which came out to be 0.6% against the previous and expected 0.7%.
GBP: ILO Unemployment Rate: 6.4%, same as the consensus and better than the previous 6.5%.
GBP: Gross Domestic Product (Q2 - preliminary): Year-over-year change was 3.2% and positive as compared to the consensus as well as the previous 3.1%.
Economic Fundamentals from the U.S.A
USD: Monthly Budget Statement: USD -95 billion and though better than the expected -96 billion but quite poor as compared to the previous 71 billion US dollars.
USD: Retail Sales (MoM - July): 0.0%, negative as compared to the consensus as well as the previous 0.2%. Same with the retail sales ex-autos which was 0.1% against the previous month's 0.4%.
USD: Jobless Claims: Initial claims were 311K against the previous 290K. The continuing jobless claims also rose to 2.544 million from 2.519 million.
USD: Producer Price Index (YoY in July): 1.7%, negative as compared to the consensus (1.8%) as well as the previous 1.9%.
USD: Net TIC (Treasury International Capital) Flows: Total net TIC flows were USD -153.5 billion against the previous 33.1 billion. The net long term flows were USD -18.7 billion and hence quite less than the previous 18.6 billion.
USD: Industrial Production (MoM in June): 0.4%, better than the expected 0.3% but was same as the previous.
USD: Reuters/Michigan Consumer Sentiment Index (preliminary - August): 79.2, negative as compared to the consensus (82.5) as well as the previous 81.8.