U.K. construction industry growth rises

Source: Bloomberg
© Scanpix/Reuters
Growth in U.K. construction industry accelerated in July and was the fastest in 3 years. A gauge of activity in the sector rose from 51 in June to 57 in July, while experts predicted a rise to 51.5. Residential construction activity increased most since June 2010, while commercial construction activity rose the fastest since May 2012. The Pound rose 0.2% against the U.S. Dollar to 1.5165.
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Fri, 02 Aug 2013 10:45:13 GMT

Gold set for biggest weekly decline in a month

Gold decreased to the lowest level in two weeks, after better-than-forecast U.S. economic report increased concerns the Federal Reserve may begin to scale back its bond purchases.  Spot gold dropped 1.6% to $1,287.56 per ounce and U.S. gold retreated $24 to $1,287.10, adding to signs gold is heading towards the worst weekly decline in four weeks.

Fri, 02 Aug 2013 10:23:04 GMT

U.K. bonds fall amid U.K. growth optimism ahead of U.S. payrolls data

U.K. government gilts jumped, sending 10-year note yields to the highest level in three weeks, on signals that U.K. economy is improving, damping demand for safer bonds. The U.K. 10-year note yield increased seven basis points to 2.47% and the price of the 1.75% security maturing in September 2022 declined 0.565 to 94.14.

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