Russian Central Bank Admits $4.5 Billion Intervention

UK manufacturing output unexpectedly fell 0.7% in October, down from revised growth of 0.7% in September, according to official figures.

Economists had forecast a 0.2% increase in industrial and manufacturing output in October.

The Office for National Statistics (ONS) said output was hit by a sharp fall in computer and electronics manufacturing.

Compared with a year earlier, output from manufacturing was up 1.7%.

The monthly decline, which was the biggest since May, was hit by a 4.5% fall in computer, electronic and optical products.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza