10.06.2015 - Industrial production in the UK rose by 0.4%
Today was published statistics according to which the industrial production in the UK rose in April by 0.4%, against an expected increase of 0.1%. It is worth noting that this figure increases investor confidence in a more rapid growth of UK GDP in the second quarter of this year. The largest decrease was recorded in pharmaceuticals - 6%. The fastest growth rates were recorded in the oil and gas production - by 8.7%, due to the resumption of work in the North Sea. We expect a rise in the price of the British pound in the near future to 1.55 and 1.57, but maintain a medium-term negative outlook.