Finances of households in the U.K. least squeezed in 2 years

Note: This section contains information in English only.
Source: Reuters
© Scanpix/Reuters
Markit, a market research group, reported on Monday that the its household finance index declined in October, but at the slowest pace in almost 2 years, which may indicate that personal finances of Britons are bottoming out. The household finance index increased to 39.0 from the previous month's reading of 38.4, but still remained in the area of contraction.
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Mon, 22 Oct 2012 16:19:38 GMT

Cable higher on insolvencies reports

On Monday, the British Pound was gaining versus the U.S. counterpart, following a report which showed that the number of insolvencies in the U.K. declined by 3.1% last month, affecting 0.08% of all businesses. The Sterling grew by 0.2% versus the greenback to trade at $1.6034 by 11:44 a.m. in London.

Mon, 22 Oct 2012 15:23:36 GMT

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