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  • UK Construction sector returns to growth in September

    From markiteconomics.com

    September data highlighted an upturn in business activity across the UK construction sector for the first time since May, primarily driven by a recovery in residential building. New orders also rebounded during September, which ended a four-month period of sustained decline. Survey respondents cited improving confidence among clients and a reduced drag on demand from Brexit-related uncertainty. Reflecting this, construction firms indicated a further recovery in their business expectations for the next 12 months, with optimism the strongest since May. Just under half of the survey panel (45%) forecast a rise in output ... (full story)

Since last week GBP data has been good. When will the market decide brexit fears are over ?
  •  Guest
  • | IP XX.X.189.55
(Since last week GBP data has been good. When will the market decide brexit fears are over ?)

When the Big Fishes will start ( or will get the green signal ) to buy GBP. Specailly while UK is trying to become an export oriented Japan and those hard Brexiteers becoming soft like Japanese.
Quoting janusdp
Since last week GBP data has been good. When will the market decide brexit fears are over ?
asking the same question buddy!! it seems the brexit is an unrealistic fear..otherwise why are all these data so positive!!
Quoting janusdp
Since last week GBP data has been good. When will the market decide brexit fears are over ?
Quoting janusdp
Since last week GBP data has been good. When will the market decide brexit fears are over ?
Soon very soon
Quoting papaizo
asking the same question buddy!! it seems the brexit is an unrealistic fear..otherwise why are all these data so positive!!
Seems there is something the big boys know that we dont...
Quoting papaizo
asking the same question buddy!! it seems the brexit is an unrealistic fear..otherwise why are all these data so positive!!
couldn't agree more, however till NFP disappoint the market as well, then they will start to think GBP is underrated right now
  •  Guest
  • | IP XX.XXX.170.83
the full impact of brexit has not got thru into the brains of the British. they are still living in dreamland until art. 50 is triggered and the final exit from Europe becomes reality.
Quoting janusdp
Since last week GBP data has been good. When will the market decide brexit fears are over ?
You need to watch USDX it is rallying so GBP/USD will decline. So good brit news will create a retracement or spike longbut then it will just carry on south whilst USDX goes north
Or prepping up for a stop hunt then pound I thought that wasliquidity drive and stop hunt rolled into one on London GBP USD open so bailed Looks suspicious as !!
I think I am the reason of Pound weakness! I'm very unlucky, I used to get paid by USD for years, but the company offer to pay with pound for new contract, and the day after I sign the contract, pound start falling without stop!
Quoting janusdp
Since last week GBP data has been good. When will the market decide brexit fears are over ?
Brexit fears are not over- the reason the data are still positive is because UK is STILL IN THE EU!!! It currently still enjoys the same trade deals it did 6 months ago which is keeping the economy steady- once this begins to be stripped away after Brexit is underway, we will see what the results are. The reason the pound is dropping is because literally every economist believes that Brexit will be very bad for the UK economy, and Theresa May has announced plans for it so start next year. Just to re-iterate, no matter what what many uninformed people think - Brexit did not happen on June 23rd!
  •  Guest
  • | IP XXX.XXX.128.146
Garthmetro .... name me ONE economist who knows what the hell he's talking about !
Perhaps GBP weakness is not reflecting Brexit at all (we are still fully in Europe)

Perhaps it's to do with

1/ The UK National Debt has risen from £564 Bn to £1.8 Tn in 8 Years

2/ The Bank of England last month halved the (already ridiculous 0.5% interest rate to 0.25%)

3/ QE is going full steam ahead (another £100 Bn agreed last month)

4/ The 2 largest housing bubbles in the World are Vancouver & London , both instigated and caused by the reckless Mark Carney.

5/ The UK's power house is the money generated by the City of London (although if you do the Math you'll soon conclude it's been un - economic for most of this Century as the Bail outs have exceeded the tax take

As Bill Clinton once said "If I come back in another life , I want to come back as a Bond dealer, they have all the power.

With all of the above and , in spite of Brexit the GBP needs little excuse to continue it's plummet.
Quoting Garthmetro
Brexit fears are not over- the reason the data are still positive is because UK is STILL IN THE EU!!! It currently still enjoys the same trade deals it did 6 months ago which is keeping the economy steady- once this begins to be stripped away after Brexit is underway, we will see what the results are. The reason the pound is dropping is because literally every economist believes that Brexit will be very bad for the UK economy, and Theresa May has announced plans for it so start next year. Just to re-iterate, no matter what what many uninformed...
You are correct it will happen properly when we actually leave. !!!!!!
Anyway if NFP numbers are bad then we might see a bottom in GBP/USD !!!
  •  Guest
  • | IP XXX.XX.116.51
Quoting papaizo
asking the same question buddy!! it seems the brexit is an unrealistic fear..otherwise why are all these data so positive!!
the economy is like a supertanker, takes a lot of turning, but it does turn! UK are still in eu at present. there is a couple of years yet for the economy to gradually grind lower . the UK will reap what it has sown, is fault of the voters themselves, so noone can blame
  •  Guest
  • | IP XXX.XX.116.51
Quoting NewtonsCash
Perhaps GBP weakness is not reflecting Brexit at all (we are still fully in Europe)

Perhaps it's to do with

1/ The UK National Debt has risen from £564 Bn to £1.8 Tn in 8 Years

2/ The Bank of England last month halved the (already ridiculous 0.5% interest rate to 0.25%)

3/ QE is going full steam ahead (another £100 Bn agreed last month)

4/ The 2 largest housing bubbles in the World are Vancouver & London , both instigated and caused by the reckless Mark Carney.

5/ The UK's power house is the money generated by the City of London (although...
Good analysis. GBP is zombie economy.
[quote=Guest;9176751](Since last week GBP data has been good. When will the market decide brexit fears are over ?)
The FEARS!!! not going to over or Honestly Speaking The UK Government not let the market out of Fears, Soon after Brexit RATE decreased and QE Increased and Yesterday Her Royal Highness Prime Minister Spoke very Rudely That Business with EU has less Priority than Migration from EU!!!!
Quoting Guest
(Since last week GBP data has been good. When will the market decide brexit fears are over ?)

When the Big Fishes will start ( or will get the green signal ) to buy GBP. Specailly while UK is trying to become an export oriented Japan and those hard Brexiteers becoming soft like Japanese.
.......
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  •  Guest
  • | IP XX.XXX.95.161
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  • Story Stats
  • Posted: Oct 4, 2016 4:30am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 19  /  Views: 5,290
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