German industrial output increased 2.4% in June

Note: This section contains information in English only.
Source: WBPonline
© Scanpix\AFP
German industrial production grew 2.4% in June month on month, following a 0.8% decline in May, while economists had forecast a 0.3% increase. The German output rallied 2.0% in June on a yearly basis, revising a 1.2% slip in May. The factory orders in country advanced 3.8% in June, after dropping 0.5% in May. 
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Wed, 07 Aug 2013 11:27:06 GMT

Euro steady following German industrial output

The common currency remained flat versus the greenback, as industrial output in Germany increased in June. The 17-nation currency appreciated 0.07% to 1.3316 versus the U.S. Dollar, as German industrial output jumped 2.4% in June measured month-over-month, after dropping 0.8% in the previous month. The Euro also retreated 0.23% to 0.8650 versus the Pound.

Wed, 07 Aug 2013 11:06:10 GMT

Sterling drops sharply following BoE's Inflation data

The Sterling weakened versus the U.S. Dollar, after the Bank of England released Inflation data, which affects the Monetary Policy Committee decision on its interest rate. The British currency declined dramatically to $1.5204. The official central bank rate remains unchanged at 0.5% and the first rise of the rate is set until late 2015.

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