British pound

British and Chinese Currencies Weaken at Start of a New Week

January 13, 2020

Sterling fell 0.6% against the dollar overnight. British industrial production, down 1.2%, posted the largest monthly decline in seven months during November and was 1.6% lower than a year earlier. Factory output dropped 1.7% on month and 2.0% on year. November’s monthly measure of U.K. GDP showed a 0.3% decline and the smallest 12-month rate […] More

Many Markets Closed for May Day

May 1, 2014

Activity has been generally quiet but liven up when several U.S. indicators get released later.  There’s been little reaction to yesterday’s FOMC statement, which contained no surprises. Scheduled U.S. data releases include personal income and spending, the manufacturing purchasing managers survey, motor vehicle sales, construction spending and weekly jobless insurance claims and Bloomberg-compiled consumer comfort.  […] More