U.K. economy expands to 0.7%

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Source: Bloomberg
© Scanpix/Reuters
U.K. economy grew more than previously estimated in the second quarter of the year, impacted by positive construction and manufacturing data. Nation's GDP rose 0.7% compared to first three months of the year, when it increased 0.3%, according to Office for National Statistics. Exports were one of the main drivers as they gained most in a year and the British currency appreciated.
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Fri, 23 Aug 2013 13:21:39 GMT

Copper gains on recovery indications and falling inventories

Copper advanced in London, reducing a weekly fall, amid signals global economies are recovering and amid the largest declined in supplies of the copper in about a year. Copper for settlement in three months gained 0.4% to $7,352 per metric ton, while copper for settlement in December increased 0.5% to $3.3523 per pound.

Fri, 23 Aug 2013 10:39:03 GMT

Sterling advanced as Q2 GDP expands over expectations

The Pound jumped against the U.S. Dollar, following a release that indicated the British economy expanded 0.7% in the second quarter. The Britain's currency gained 0.24% to $1.5626 versus the Dollar, and slipped 0.28% to 0.8543 against the 17-nation currency and inched up 0.44% to 154.50 versus the Yen. 

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