Pound appreciates as U.K. inflation increase

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

The Sterling advanced by 0.3% to 79.78 pence per Euro and 0.1% to $1.5898 in early London trading session on Tuesday. The Pound was pushed up by a U.K. inflation data, as consumer prices were 2.7% higher, comparing with 2.2% in September, and the actual number exceeded street forecast.

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Tue, 13 Nov 2012 13:50:14 GMT

German economic sentiment slids on the eurozone crisis

German economic sentiment dropped unexpectedly in November, since the eurozone crisis caused a contraction in Europe's most powerful economy. According to data provided by the ZEW Center for European Economic research, the index tracking expectations of investors and analysts tumbled to -15.7 in November, considerably lower than the forecast reading of -9.8, from -11.5 the prior month. ZEW said the weakened sentiment occurred on shrinking private

Tue, 13 Nov 2012 14:21:48 GMT

House prices in the U.K. gained at slower pace in September

The Office for National Statistics reported on Tuesday that prices of residential property in the U.K. were growing in September, however, at a slower rate. Year over year, the house price index advanced by 1.7%, which was less than a revised up 1.9% gain in the preceding month. Economists, however, expected a 2% growth in September.

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