British pound falls on slower UK

British pound falls on slower UK

World April 3, 2017 11:18

- Hard signals from the cooling UK economy have put the British pound lower Monday.

therefore the euro cost 0.8517 British pounds. The UK saw its industrial production for the first time unexpectedly back in three months, according to figures from market researcher IHS.

His index went from 54.2 to a score of 54.5. While every position still means growth above the index score of 50.

However, the state has fallen below the expectations of economists for the UK economy.

British Prime Minister May last week, the Article 50 procedure put in motion, that the UK puts the initial steps to leave the European Union.

The British pound halted thereon in its advance against the euro. The market also looks ahead: this week are several macro data within which investors can provide better guidance on the loss of the United Kingdom and Gibraltar European Union membership referendum.

Underneath Wednesday said the figures on the development of the British labor and at half past ten the PMI index for the UK services sector.

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