Cable rose due to strong UK retail sales

Source: Bloomberg
The Sterling posted a strong increase against other major currencies after the release of the UK retail sales and manufacturing activity that advanced more than expected, pushing the Bank of England toward raising interest rates. The manufacturing output expanded 0.1% in December, following a 0.8% advancement a month earlier. Meanwhile, the Pound added 0.4% to 74.10 pence versus the Euro, reaching the previous month's high of 74.05. 
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Tue, 10 Feb 2015 21:44:06 GMT

Spanish real estate market posting hopes

The Spanish property market posted a positive tendency in home sales for the first time in five years, reaffirming speculations that the real-estate market started to recover from a strong recession. The amount of property deals rose 2.2% compared to the previous year to 319,389 houses sold. However, the data still did not outperform the 2006's peak of 955,186 units.

Tue, 10 Feb 2015 21:22:05 GMT

China consumer inflation eases adding reasons for monetary easing

China's consumer inflation increased at its slowest pace during the last five years, adding to concerns over weakening domestic demand and stimulating policymakers for more monetary easing. The consumer price index climbed 0.8% from a year ago, below a forecast of 1% gain, while the producer price index slipped to 4.3%.

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