UK consumer price inflation declined in the previous month for the first time since September. British Inflation eased to 2.4 percent in April from 2.8 percent in March, official data showed today, an improved reading from the 2.6 percent rate that economists had predicted. UK core inflation declined to 2.0 percent in April - the lowest since November 2009.
Meanwhile, the Euro also edged higher against the Pound. The annual German Producer Price Index increased 0.1% in April, down from the 0.4% growth in March, according to official data published today. Also, on a monthly basis, Producer Price Index fell 0.2% in April, after dropping 0.2% in March and slightly below expectations of -0.1%.
Posted in Daily Market News on May 30 2014
Sterling gained against the Dollar after a report showed UK housing prices have increased for a fifth successive month. The Pound rose from near the lowest level in six weeks versus the Dollar. House prices increased 2.1 percent this month.VIEW FULL ARTICLE
Posted in Daily Market News on May 20 2013 by alex