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.

Nov 4, 2013

Sterling rises on strong construction data, ECB easing bets

LONDON (Reuters) – Sterling rose against the dollar and traded near a 2-1/2 week high versus the euro on Monday on strong UK construction activity data and expectations the European Central Bank might loosen policy.

A survey showed construction activity grew at its fastest rate in six years in October, adding to recent evidence that the UK economic recovery may be gaining momentum.

Oct 24, 2013

Sterling inches higher ahead of key UK third-quarter GDP data

LONDON (Reuters) – Sterling rose against the dollar and the euro on Thursday ahead of growth figures for the third quarter due on Friday which could point to an economic recovery taking hold in Britain.

The pound also benefited from a dollar hit by the fading prospects of the U.S. Federal Reserve’s reducing its stimulus this year following weak U.S. jobs data released earlier this week.

Oct 23, 2013

Dollar hit by bets on longer Fed stimulus

LONDON (Reuters) – The dollar struggled near a nine-month low on Wednesday after weak payrolls data prompted investors to all but rule out a cut in U.S. monetary stimulus before next year.

The dollar fell to as low as 79.137 .DXY against its basket of currencies, nearing this year’s trough of 78.918 set in early February. It was last up 0.1 percent at 79.359.

    • 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:
      English, Hindi
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