British Pound appreciates against major currencies

Note: This section contains information in English only.
Source: Investing.com
On Wednesday, the Sterling traded higher against the US Dollar and the Euro, as soon as Britain's Office for National Statistics released the country's industrial production and manufacturing production data. The British Pound was seen at 1.4411 against the Greenback, while the Euro traded at 0.7902 against the Sterling. Meanwhile, the LSE dropped 0.4%, the Euro Stoxx 50 Index declined 0.9%, France's CAC 40 Index lost 1.1% and Germany's DAX Index fell 0.7%.

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Wed, 11 May 2016 15:28:23 GMT

Gold adds on weaker US Dollar

On Wednesday, the yellow metal rebounded after its two-week lows, as the US Dollar showed weakness against other world currencies. The bullion added 1.2%, trading at $1,279.40 per ounce by 14:00 GMT on the NYSE, after touching its lowest level since April 27 of $1,264.80 on Tuesday. Meanwhile, gold dropped around 3%, after reaching $1,300 level last week for the first

Wed, 11 May 2016 14:49:04 GMT

UK industrial production jumps 0.3% month-on-month

Industrial production in the United Kingdom increased 0.3% on a monthly basis in the third month of the year, better than the last month's drop of 0.2%, bur worse than forecasts of a 0.5% gain. On an annual basis, Britain's industrial production dropped 0.2%, surpassing analysts' outlooks of a 0.4% fall and following the previous month's 0.1% increase.

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