U.K. economic growth forecasts increased by CBI

Source: Bloomberg
© Scanpix/Reuters
The Confederation of British Industry increased its expectations for U.K. economic expansion in year 2013 and 2014 as business and consumer confidence improve and credit conditions strengthens. CBI expects the economy to grow 1.2% this year and 2.3% next year, for comparison, previous prognosis were 1% and 2% projected in May.
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Mon, 19 Aug 2013 11:11:15 GMT

Pound jumps amid boosted U.K. growth expectations

The Sterling appreciated 0.2% versus the greenback, after the CBI updated this year's expansion estimates for the U.K. economy from 1% in May to 1.2%. The Britain's currency added 0.21% to $1.5655 against the U.S. Dollar and gained 0.10% to £0.8514 against the common currency, and climbed 0.41% to 153.03 versus the Yen.

Mon, 19 Aug 2013 11:38:08 GMT

Copper falls amid worries over China error trade, Fed stimulus tapering

Copper decreased following gains for three weeks in a row as worries that the trading error will further curb sentiment in the Chinese stock market and scaling back bond purchases in the U.S. may dampen demand of industrial metals. Copper for settlement in three months dropped 0.7% to $7,347.50 per metric ton.

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