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UK: Annual PPI – Output rises 2.3% in February

In the year to February 2013 UK PPI – Output n.s.a. grew 2.3% , in comparison with an increase of 2.1% the previous month, National Statistics reported today. Analysts expected less growth of 1.8%.
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Forex: GBP/USD back below 1.5100 after UK CPI

The sterling advanced to the area of 1.5110/15 after UK’s consumer prices rose 2.8% on a yearly basis during February, banging on estimates and up from January’s 2.7%. MoM, prices rose 0.7%, in...
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