The Cable dropped to the lowest level in 2,5 years in February

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Source: Bloomberg
The Sterling plunged to a 2 ½ year low versus the U.S. Dollar after data indicated that manufacturing decreased more than it was expected in February. The Cable weakened 0.8% to $1.5048 and 0.7% to 86.67 pence versus the Euro. The Pound has dropped 5.6% during the current year, showing the worst performance among its 10 major peers.
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Fri, 01 Mar 2013 15:28:04 GMT

Unemployment rate of Italy climbed to the highest level since 1992 in January

Unemployment rate of Italy rose to the highest level since 1992 in January, due to the reason that businesses stopped hiring after Italy`s economic crisis deepened. The jobless rate added to 11.7% in comparison with 11.3% in December. For people in the age range of 15 and 24, unemployment rate increased to 38.7% in January. 

Fri, 01 Mar 2013 14:17:19 GMT

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