Sterling surges against U.S. Dollar ahead of GDP

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Source: Bloomberg
U.K. currency advanced versus the U.S. counterpart on Thursday, paring a three-day decline, ahead of a report expected to show the U.K. economy slowed down for a third consecutive quarter in Q2. Sterling gained 0.2% to $1.6195. It traded at 79.55 pence per Euro after falling to 79.37 on Sept. 25, the least since Sept. 7. The Pound added 2% this year, while Gilts returned 3.6% through yesterday.
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Thu, 27 Sep 2012 13:05:32 GMT

German import prices jump in August

German import price inflation accelerated more than forecast in August, the Federal Statistical Office said on Thursday. Import prices surged 3.2% on year, compared to a 1.2% rise in June. The annual increase was the fastest since February and outperformed economists' estimate of 2.7% climb. Export prices rose 1.8% on year from 1.4% in the previous month.

Thu, 27 Sep 2012 12:43:31 GMT

Dollar falls versus most peers on stronger Asia stocks

The U.S. Dollar slipped versus most major peers as Asian stocks prolonged rise, cutting demand for haven assets. On Thursday, the greenback dropped 0.1% to $1.2888 per Euro. It was at 77.70 Yen from 77.75 on Wednesday, when it reached 77.59, the least since Sept. 14. The Aussie added 0.4% to $1.0414.

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