Poll and Economic Data Correspondent, Asia, Singapore
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Nov 6, 2013

Sterling hits one-month high vs. euro on industrial output data

LONDON (Reuters) – Sterling rose to a one-month high versus the euro and a one-week peak against the dollar on Wednesday after data showed that UK industrial output growth outpaced expectations in September.

Output in the industrial sector – which makes up about one sixth of Britain’s economy – climbed 0.9 percent, bouncing from a fall in August and beating the Reuters’ forecast of 0.5 percent.

Nov 5, 2013

Sterling hits one-month high vs. euro on strong services PMI data

LONDON (Reuters) – Sterling rose to a one-month high against the euro on Tuesday after data showed the UK services sector expanding at its fastest pace in 16 years, pointing to solid economic growth in the final quarter this year.

The UK services purchasing managers’ index (PMI) rose to 62.5 in October from 60.3 in September, beating economists’ forecasts of 59.8 and increasing the chance that the Bank of England will revise up its quarterly growth forecasts next week.

    • About Anooja

      "Six years in Reuters covering macroeconomics and polling mainly for the G7, parts of Africa and the Gulf. Presently looking after polls and economic data coverage and writing about the exciting and complex economies of Asia. Have worked in Bangalore and Singapore."
      Joined Reuters:
      2005
      Languages:
      English, Hindi
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