Sterling cuts seven-day growth against Euro on factory output

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Source: Bloomberg
The British Pound cut a seven-day climb versus the common currency as an indicator of activity in the U.K. manufacturing sector slowed its increase pace in July, reducing demand for the Sterling. The pound slid versus majority of its 16 most-traded counterparts after BoE kept the interest rates at record low yesterday. The Britain's currency lost 0.2% to 84.31 pence per Euro as of 9:59 a.m. in London.

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Fri, 06 Sep 2013 12:25:03 GMT

Copper jumps ahead of data expected to show and advance in U.S. hiring

Copper increased in London, heading towards a weekly surge, ahead of data expected to indicate employment increased in the U.S. Copper for settlement in three months gained 1.1% to $7,187 per metric ton, while the December copper contract rallied 0.8% to $3.2715 per pound. Employers hired 180,000 workers in August, compared with 162,000 people in the month before.

Fri, 06 Sep 2013 12:24:44 GMT

Dollar near 7-week high as U.S. report supports Sept-tapering expectations

The U.S. Dollar traded near the highest level in seven weeks versus the basket of major currencies, as upbeat U.S. economic report boosted expectations that jobs data later in the day may support the Federal Reserve's plan to scale back stimulus. The U.S. Dollar index was steady at 82.528, while the common currency was at $1.3131.

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