Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

UK gilts remain tad higher despite better-than-expected jump in June retail sales

The United Kingdom’s gilts remained tad higher during European trading hours Thursday despite a better-than-expected jump in the country’s retail sales for the month of June.

The yield on the benchmark 10-year gilts, slipped 1 basis point to 0.750 percent, the 30-year yield rose also suffered 1 basis point to 1.372 percent and the yield on the short-term 2-year also edged nearly 1 basis point down to 0.528 percent by 09:25GMT.

Britain’s monthly retail sales volumes jumped 1.0 percent, the Office for National Statistics said, well above all forecasts in a Reuters poll of economists that had pointed to a 0.3 percent drop. Compared with June 2018, sales were up by 3.8 percent, again stronger than all forecasts.

With Prime Minister-in-waiting Boris Johnson having over the past few weeks promised Conservative Party members lashings of budgetary largesse in terms of tax cuts and more public spending – while at the same time talking up the prospect of a highly damaging no-deal Brexit – the OBR’s Fiscal Risks report might also be worth watching today, Daiwa Capital Markets reported.

Meanwhile, the FTSE 100 remained tad -0.39 percent lower at 7,505.96 by 09:30GMT.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 813361813361m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 813361813361m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 825181825181m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 813361813361m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 825181825181m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 813361813361m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 813361813361m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 813361813361m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.