Sterling weakens third straight day against greenback after Fed

Note: This section contains information in English only.
Source: Bloomberg
The British currency dropped for a third straight day against the U.S. Dollar as the Fed officials yesterday cut its monetary stimulus after the BoE Governor Carney stated that he will keep interest rates low. The Sterling slid 0.5% to $1.6480 as of 12:38 p.m. in London, after it advanced to $1.6668 on January 24. The British Pound was at 82.47 pence per Euro, after climbing to 81.68 pence last week.
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Thu, 30 Jan 2014 14:03:03 GMT

U.K. house prices may rise further: Capital Economics

U.K. house prices will likely remain in an uptrend in the following months with a moderate slowdown expected to be seen in the long-term period, a statement released by Capital Economics showed on Thursday. A private report this week revealed that house prices in the nation advanced 0.7% in January recording the 12th successive increase.

Thu, 30 Jan 2014 11:51:04 GMT

Polish economic growth slows on weaker demand

Economic growth in Poland slowed during the last quarter of the previous year, as domestic demand rose less than expected and investment plummeted. GDP advanced 1.6% against 1.9% in 2012, while analysts expected the economy to grow 1.5% in 2013. Private consumption increased 0.8%, less than 1.2% a year ago. Fixed investment dropped 0.4%, but the pace of decline slowed.

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