Eurozone manufacturing activity at almost 2.5-year high

Source: WBP Online
The Eurozone manufacturing PMI advanced 0.2 points to 51.5 in November from prior month, matching the analysts' expectations, while the figure is heading for almost 2.5-year high level. Despite the fact that euro area economy expanded for fifth straight month in November, on the quarterly basis there is a slight increase in GDP of only 0.2%. Meanwhile, it is most likely that ECB will keep it minimum bid rate at record low 0.25% until 2015, and it is not excluded that the central bank might reduce it to as low as 0.0%.
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Thu, 21 Nov 2013 14:22:09 GMT

Euro little changed amid positive German PMI data

The 17-nation shared currency declined 0.1% to $1.3424 after the release of disappointing French PMI, which showed further decline to 47.8 point in manufacturing area and 48.8 in services sector, while an optimistic German manufacturing activity figures helped the currency to avoid bigger losses. German manufacturing PMI improved 0.8 point to 52.5 in November, while service sector rose to 1.6

Thu, 21 Nov 2013 14:00:06 GMT

Pound fluctuates as U.K. deficit narrows in October

The British Sterling swung between gains and losses on Thursday versus its U.S. counterpart and the 17-nation bloc currency before a report showed that the U.K. budget deficit narrowed in the month of October. The Pound increased to $1.6178, the most since October 28, and traded at $1.6097 by 7:48 a.m. in London, while it fell to 83.43 pence per

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