Sterling rise versus greenback on US last-minute deal

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Source: Bloomberg
© Scanpix/AFP
The Sterling headed for a weekly climb as US Democrats and Republicans came to a last-minute deal on Wednesday that funds US government until January 15 and postpone a debt limit deadline to February 7. The Sterling traded at $1.6180 at 7:41 am in London after climbing 1.3% yesterday, the biggest advance since September 18, while it appreciated 1.4% versus greenback this week, the biggest gain since period that ended on September 18.
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Fri, 18 Oct 2013 10:52:31 GMT

Business optimism in U.K. continues to rise

British businesses became more optimistic about the economic situation in the country, as they see the recovery to continue in the nearest future. The benchmark index, which evaluates the business optimism, advanced to 62.55 points this summer from 58.46 points a year ago, reaching its biggest level since 2010. At the same time, the index above 50 points shows an

Fri, 18 Oct 2013 10:30:32 GMT

Industrial production in China jumped in September

Chinese industrial production added 10.2% in September of this year on the annual basis, as the result matched economists' forecasts. On the other hand, the output decreased slightly from August, when it rose 10.4%. During the first three quarters of 2013 production surged 9.6%. Moreover, analysts point out that the industrial production in less developed Chinese regions climbed the most.

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