Disappointing industrial production in the UK

Source: Bloomberg
The forecast for industrial production in the United Kingdom was 0.6%, according to a Bloomberg survey. However, the release showed that production only managed to inch up by 0.3%, causing the Cable to prolong its losses, trading at 1.6839 earlier today. In another release, manufacturing production was revealed to be disappointing as well, rising 0.3% in June.
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Wed, 06 Aug 2014 10:45:16 GMT

Italian GDP contracted in the second quarter

The third biggest economy in the Euro zone, Italy, is still in recession. Data regarding the preliminary gross domestic product showed that Italy's GDP diminished by 0.2% on the second quarter. Analysts had forecast that it would recover from the previous quarter's 0.1% downfall and expected it to rise by 0.1%. During the previous year the Italian economy contracted 1.9%.

Wed, 06 Aug 2014 09:59:17 GMT

Euro reaches nine-month low against the US Dollar

The Euro reached its lowest level in nine months against the Greenback on Tuesday as the service sector data for the Euro zone did not convince in robustness of its economy. Even though the services PMI for the whole union was above expectations, Italy's data disappointed. Furthermore, US positive service sector number also weighed on the EUR/USD pair.

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