U.K. economy surges as all industries show recovery

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Economic growth in the United Kingdom reached 0.8% in the third quarter of this year, while all the main sectors of country's economy posted an increase in output. The result fully matched economists' predictions. During April-June quarter economy grew 0.7%. At the same time, the Bank of England still does not plan to increase official interest rates, until the unemployment reaches 7%.
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Fri, 25 Oct 2013 10:20:04 GMT

Italian retail sales stay flat against expectations

Retail sales in Italy did not change from the previous month in August of this year, while many experts forecasted the sales to add 0.2%. It is worth pointing out that Italian retail sales missed economists' estimates already for the 14th consecutive month. At the same time, July data was revised positively on both monthly and annual basis. It is

Fri, 25 Oct 2013 10:09:05 GMT

Sterling gains for second week against greenback amid UK economy expansion

The Pound advanced 0.1% to $1.6224 at 9:44 am in London, after touching $1.6257, the highest level since October 1, as UK gross domestic product expanded at fastest pace in Q3 since the Q2 of 2010, according to government report. The Sterling advanced 0.4% against greenback during this week, while it changing hands at 82.21 pence per Euro.

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