Pound gains amid U.K. service data on Tuesday

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Source: Bloomberg

The British currency strengthened for a second straight day versus its two major counterparts, the U.S. Dollar and the Euro, after a report showed bigger expansion of the U.K. services than economists expected. Sterling added 0.2% to $1.5151 on Tuesday following an 0.5% advance the day before, after it touched the lowest level in more than 2 years on March 1. It also jumped 0.2% to 86.04 pence per euro.


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Tue, 05 Mar 2013 15:09:03 GMT

U.K. shares up as services industries accelerated in February

U.K. equities edged higher, with the FTSE 100 Index heading to its highest level in more than four years, after data showed that U.K. services industries unexpectedly expanded in February and companies reported higher-than-expected corporate profits. The FTSE 100 Index rose 1% to 6,406.39 by 15:31 in London. All but one sector climbed at least 0.4%. John Wood Group jumped

Tue, 05 Mar 2013 17:06:04 GMT

Australian retail sale turnover gained 0.9% in January 2013, seasonally adjusted

According to latest ABS Retail Trade figures, seasonally adjusted, Australian retail sale turnover gained 0.9% in January 2013, following a fall of 0.4% in December 2012 and 0.2% in November 2012. The largest input was done by other retailing (2.6%), household goods retailing (1.3%), food retailing (0.3%), cafes, restaurants and takeaway food services (1%), clothing, footwear and personal accessory retailing

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