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  • Retail sales in Great Britain: August 2017

    From ons.gov.uk

    In August 2017, the quantity bought (volume) in the retail sales industry increased by 1.0% compared with July 2017; with other non-food stores and non-store retailing as the main contributors to growth. Compared with August 2016, the quantity bought increased by 2.4%; the 52nd consecutive month of year-on-year increase in retail sales. Year-on-year contribution of food stores remains flat whilst there was a fall in the contribution of growth within petrol stations, showing that contributions to the overall growth came from non-essential items. The underlying pattern in the retail industry is one of growth, ... (full story)

ridiculous forecast; BoE forecast? to shoot up the GBP?
Funny 1% increase compared to previous 3% and GBP is up
Quoting nwedepius
Funny 1% increase compared to previous 3% and GBP is up
Its 1% and previous was 0.3%
huge number, but should fade before FOMC.
  •  Guest
  • | IP XXX.XXX.214.102
0.7 % increase than previous
Good news for the UK economy? I think not. With consumer debt in the UK currently at its highest since the financial crisis ten years ago, a whopping 1.530 trillion, 68 billion of it credit card debt, with more 35% of households one pay cheque away from bankruptcy, and with real wages falling, this anticipated rise in interest rates later this year could be catastrophic for the UK, which is why I don't think for a second that there will be one. All hype. The UK economy is in big trouble despite the figures. The rise in employment is due solely to an increase the number of people working low wage, part-time, zero hour contract jobs, hardly the stuff of real economic recovery. Our biggest chance out of this mess lies with Brexit, as we will no longer be tied to the economic vampire that is the European Union, but any recovery will be a very slow process.
Worse than expected why coming up with only 1% ...hahaha...target unarchived
  •  Guest
  • | IP XX.XXX.38.112
What if the 1.0% increase is a manipulated value to give GBP a float?

July 20th value was "0.6%" but later corrected to "0.3%"!!!
People in this forum have problems with understanding percentages.
Quoting rsdiqbal
{quote} Its 1% and previous was 0.3%
Thanks
I just had an aneurysm reading these comments.
break it down ,BoE have to control inflation that's not a reason to not act
cheap money would lead to higher borrowing
Take cars , they have a value that covers the debt within the borrowing
credit cards= nowhere near the peak
probably rates will tweak slow =up
Car sales are down a lot this year

mortgages are low-risk borrowing in the main , try to get one

even student loans up , what can you do ?

wages I think must rise, more inflation
less immigration =higher wage


Quoting cat
Good news for the UK economy? I think not. With consumer debt in the UK currently at its highest since the financial crisis ten years ago, a whopping 1.530 trillion, 68 billion of it credit card debt, with more 35% of households one pay cheque away from bankruptcy, and with real wages falling, this anticipated rise in interest rates later this year could be catastrophic for the UK, which is why I don't think for a second that there will be one. All hype. The UK economy is in big trouble despite the figures. The rise in employment is due solely to...
UK car sales fall in June for third month in a row
Demand cools after strong first half in latest sign consumers are becoming reluctant to commit to major spending decisions
An explosion in cheap car finance deals has fuelled growth in consumer credit to such an extent that the sector has attracted scrutiny from the Bank of Englandand the Financial Conduct Authority.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 car Screenshot 2017-09-20_11-47-27.png Size: 95 KB
#doyourownanalysisordietryin
I would also point out there are many 0% credit card deals or the like , I get them daily hense higher numbers of that type of borrowing

"The Bank’s data showed that in the credit card market, the average term on zero-balance transfers has more than doubled to nearly 30 months"
#doyourownanalysisordietryin
from a chart pov ,cable need to hold the pattern to close ,but I recognise as bullish
currently it left the gap open
Attached Image
#doyourownanalysisordietryin
Quoting Bones
I would also point out there are many 0% credit card deals or the like , I get them daily hense higher numbers of that type of borrowing "The Bank’s data showed that in the credit card market, the average term on zero-balance transfers has more than doubled to nearly 30 months"
A poisoned chalice if ever there was one!
yes and no ,why pay it if it cost nothing
could be misleading ,I don't know why we see the deals

Quoting cat
{quote} A poisoned chalice if ever there was one!
#doyourownanalysisordietryin
Quoting Bones
yes and no ,why pay it if it cost nothing could be misleading ,I don't know why we see the deals {quote}
UP to zero percent not zero percent, rate for risk, so you will get a much worse deal than you expected. The "0%" is just the carrot.
Quoting rsdiqbal
{quote} Its 1% and previous was 0.3%
Thanks
  •  Guest
  • | IP XX.XXX.8.209
No one ever thought of a falling GBP at that time, a lot of the retail were bought up by overseas buyers??? Any thoughts anyone?

Local Brits are pretty much skinned to spend any really!
Yes I see it
Brits are not afraid to borrow as long as they feel they have equity to cover it
the real crunch would be fast
falling house price

Quoting barkie
{quote} UP to zero percent not zero percent, rate for risk, so you will get a much worse deal than you expected. The "0%" is just the carrot.
#doyourownanalysisordietryin
I think the debt figures are misleading today , but wages are a problem
later house price could also peak as a risk
cable just spiked but still left a few pips gap on my feed

Overwhelming majority of the debt is = low risk today
definitely including student loans no way out of that debt
Attached Image
#doyourownanalysisordietryin
btw Eur Gbp will print bearish Q next
=confidence in cable assumed print and bullish push still in following months
Attached Image
#doyourownanalysisordietryin
0% is the actual rate you get ,with a small fee ,then let it pay off slowly
please see attachment above
it's going to take some time to educate you ..but I'm up for a challenge

Quoting barkie
{quote} UP to zero percent not zero percent, rate for risk, so you will get a much worse deal than you expected. The "0%" is just the carrot.
#doyourownanalysisordietryin
1st news feed problem
no outlook coupled with fundamental view -see Cliff he's a economist constantly wrong

2nd is
number reeled off with no analysis, no links to pov or numbers quoted

this section carries flaws and chatterboxes
#doyourownanalysisordietryin
Export decreased but import increased. Of course, the difference was not much then as you see manufacturing and service PMI increased. But, construction PMI decreased however HPI and RICS increase damp it.

Manufacturing production increased that PPI output increase more than PPI input can approve it.

CPI and retail sales are fixed but RPI increased a little that could be M4 increase sign.

Consumer confidence and net borrowing decrease vs less unemployment and fixed average earning show everythings is normal.

Totally, UK is on the improvement.

http://successfulmind.net/uk-fundamental-analysis-jul-aug-2017/
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  •  Guest
  • | IP X.XXX.253.163
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  • Posted: Sep 20, 2017 4:32am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 25  /  Views: 10,996
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