U.K. public sector net borrowing rose less-than-expected

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Source: Forexpros
U.K. public sector net borrowing showed smaller-than-expected gain in July, the U.K. National Statistics Office said on Tuesday. Public sector net borrowing reported a GBP 1.8 billion surplus in July, from a GBP 12.2 billion deficit in preceding month. Economists estimated as surplus of GBP 2.5 billion. Following the data the GBP/USD rose 0.35% to 1.5765.
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Tue, 21 Aug 2012 13:13:48 GMT

U.K. CBI production order expectations decline

U.K. industrial order estimates decreased more-than-expected this month, tumbling to the eight-month low, the Confederation of British Industry reported on Tuesday. The index fell 15.0 points to -21.0 in August from a -6.0 reading in July. Economists expected a reading of -8.0.

Tue, 21 Aug 2012 17:15:47 GMT

UK stocks climb after Spanish debt auction

UK equities advanced after Spanish costs of borrowing declined at debt auction on Tuesday. Meanwhile, traders are cautious ahead of series of meetings aimed at developing measures to ease debt pressure in the Eurozone. The FTSE 100 Index rose by 0.28% to trade at 5,840.55  at GMT 12:00. Seven out of nine industries jumped. On the upside were basic materials,

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