Pound drops as manufacturing shrinks

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The Pound declined to the lowest point in almost 4 months as data showed that U.K. manufacturing shrank in May, falling short of expectations. The Sterling dropped against its major peers. The data showed that factory output decreased 0.8%, while experts predicted a 0.4% rise. The currency dropped 0.4% to 86.44 pence per Euro and to 1.4892 per U.S. Dollar.
Back to articles

Actual Topics

Tue, 09 Jul 2013 11:06:05 GMT

WTI oil near 14-month high ahead of U.S. Inventory report

West Texas Intermediate was trading near its 14-month high ahead of report forecast to indicate U.S. Crude supplies declined for the second week, and as unrest in Egypt boosted worries that Middle Eastern overseas sales may be stopped. The August WTI contract was at $102.97 per barrel and Brent for August settlement declined to $107.16 per barrel.

Tue, 09 Jul 2013 10:45:04 GMT

U.K. Industrial output remains steady in May

Industrial output in the U.K. remained steady in May from April, and manufacturing production declined more-than-expected by 0.8%. Economists predicted that industrial production will advance 0.2% in May following a decline of 0.1% in April. On annual basis the industrial output retreated 2.3% on 2.9% decline in manufacturing and 3.5% fall in mining and quarrying production.

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.