In April this year consumer prices in Great Britain edged up by 0…
British industry leaps in October
In October, UK industry managed to expand at the fastest annual pace in a year. However, a downturn in construction along with a mixed trade performance left experts split as for the outlook for the British economy next year.
The UK economy has lost momentum in 2017 because consumers suffered from higher inflation provoked by sterling's dip after the previous year's Brexit vote, although some exporters have derived benefits from the weaker pound as well as the stronger euro zone economy.
The country’s industrial output jumped 3.6% in October versus 2016, which is the biggest rally since December 2016.
However, in October alone, there was no growth in industrial output, except a 0.1% jump in its factory output component, as the Office for National Statistics informed.
Market experts were split over the data that also demonstrated the sharpest one-month sag in construction output since March last year.
According to business surveys, factories are appreciating demand from a leaping European economy, simultaneously facing a leap in price pressures.
The US dollar managed to recover after a slight fall. The US dollar index is near $93.80.
It seems like the rally of the greenback has ended. On Monday, the US dollar index was below $93.50. Tuesday’s attempts to recover are not successful. The index is below $93.40. No important economic data will be released today.
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…