Pound drops to lowest level in three weeks, Gilts gain following U.K. GDP data

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Source: Bloomberg
© Scanpix\Reuters
The Sterling declined to the weakest level in three weeks versus the U.S. Dollar and U.K. bonds advanced after data indicated Britons' disposable income fell the most over 25 years in the first quarter and the GDP matched essential measures. The Sterling plummeted 0.3% to $1.5269 and retreated 0.4% to 85.33 against the Euro.
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Thu, 27 Jun 2013 15:28:10 GMT

U.S. shares climb amid consumer spending, jobless claims

U.S. shares advanced, with the Standard & Poor's 500 Index rising for the third day, after data indicated consumer spending recovered in May and less Americans filed unemployment claims last week. The S&P 500 jumped 0.6% to 1,612.57. The gauge rose 1% yesterday following slower-than-predicted U.S. economic expansion boosted speculation the Federal Reserve will keep the purchases unchanged.

Thu, 27 Jun 2013 11:14:13 GMT

U.K. shares advance for third straight day

U.K. shares gained for a third straight day, with the FTSE 100 Index headed for its first one-week advance in more than four weeks, as investors expected U.S. data to improve its economy. The FTSE 100 Index added 0.3% to 6,185.35 as of 8:54 a.m. London time; however, the gauge is still headed for a 6% drop in June. The

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