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Sterling Stronger After Weak CBI Report

The pound sterling is higher on Thursday after a weaker than expected manufacturing report from the Confederation of British Industry (CBI).On Thursday morning the CBI's manufacturing orders index advanced to -57 from March's -58 level. Expectations had been for a read of -54.After unveiling one of the largest budgets in the UK's history on Wednesday, UK Chancellor of the Exchequer Darling said that fiscal and monetary stimulus will help the economy recover by the end of 2009

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Sterling Mixed Ahead of G20, Following UK Manufacturing PMI

The pound sterling is mixed on Wednesday ahead of the G20 meeting in London, and following an upside surprise to the country's manufacturing PMI.In a joint press conference with UK Prime Minister Gordon Brown, U.S. President Obama tried to downplay differences among G20 leaders, saying that countries must balance deficits and stimulus plans. Meanwhile, Brown said the G20 was within a few hours of agreeing [on] a global plan.The UK's manufacturing PMI rose to 39.1 in March

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US Apr Richmond Fed Manufacturing Index rises to -9

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Canada Manufacturing Shipments decrease 2.7% in March

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Euro and Pound pick up after U.S data; Yen, down

FXstreet.com (Barcelona) - U.S. CPI data and the NY Fed manufacturing Index have triggered a wave of risk appetite and Euro and Pound have reversed their downward trends while the USD/JPY has bounced from multi-week lows.Consumer prices Index has remained unchanged from march to April, while it dropped 0.7% year on year. Excluding food and Energy, the Core CPI has increased 0.3% on the month, somewhat above the 0.1% increment expected. NY Fed manufacturing Index has improved to -4.55 in

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Sterling Stronger After Weak CBI Report

The pound sterling is higher on Thursday after a weaker than expected manufacturing report from the Confederation of British Industry (CBI).On Thursday morning the CBI's manufacturing orders index advanced to -57 from March's -58 level. Expectations had been for a read of -54.After unveiling one of the largest budgets in the UK's history on Wednesday, UK Chancellor of the Exchequer Darling said that fiscal and monetary stimulus will help the economy recover by the end of 2009

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Fed's Pianalto Sees Economic Recovery Beginning Next Year

Real GDP in the U.S. is likely to stabilize later this year, with an economic recovery beginning in 2010, Cleveland Fed President Sandra Pianalto said on Wednesday.Speaking in Ohio, Pianalto said that a recovery is likely to be fuelled by Federal Reserve action and fiscal stimulus. Collectively, our actions have been aggressive and unprecedented, Pianalto said. Since October 2007, the Federal Reserve's balance sheet has grown from $855 billion to almost $2 trillion, and with our recent

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EU May Purchasing Manager Index Manufacturing edges up to 36.8 in Apr

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