German Industrial Production Performance Is Still Weak
Germany’s industrial production unexpectedly fell 2.5% month-on-month in January. The market originally expected an increase of 0.2%, but the previous value was revised up from flat to 1.9%. At an annual rate, German industrial production fell by 3.9% year-on-year, which was an increase from the 1% drop in the previous month. The unexpected drop in German industrial production reflects that the manufacturing industry in Europe’s largest economy was still weak at the beginning of the year.
The Governor of Bank of England Commented on the Outlook of the UK Economy as “Positive”
When attending an online seminar, Bank of England Governor Bailey said that the current assessment of the UK’s economic prospects is “positive”, but the outlook is still more cautious. In addition, Bailey reiterated that the central bank has asked banks to prepare for negative interest rates for six months, which does not mean to imply the implementation of negative interest rates. The comments may help ease the pressure on the pound exchange rate due to the recent rise in U.S. bond yields.
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.