Sterling gains on industrial output data

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The Britain's currency jumped for a third straight day versus greenback, after U.K. industrial production rose more than expected in September, government report showed. The Pound advanced 0.3% to $1.6101 as of 11:28 a.m. in London the longest advance since period ended on October 2. Meanwhile the Sterling jumped to a five-week high versus the European currency and traded at 83.88 pence per Euro.
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Wed, 06 Nov 2013 13:57:03 GMT

U.K industrial performance expands more than expected

The Britain's industrial output advanced 0.9%, which is 0.3% more than expected, after it dropped 1.1% in August, according to data from Office for National Statistics today in London. The manufacturing production added 1.2%, also exceeding forecasts. However, all the production figures above will have only minimal effect on GDP Q3 forecast, the statistics office said.

Wed, 06 Nov 2013 11:23:06 GMT

Euro reports gains as Germany's PMI advances

The shared currency reported small gains of 0.17% versus the greenback, after the Europe's largest economy, Germany, reported Purchasing Managers' Index. The PMI advanced to 52.9 points, thus passing predictions of 52.3 points. The Euro has managed to bounce back from one month low, which was caused due to rise in unemployment last week. 

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