Won advances after U.S. impasse ended on debt deal

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Source: Bloomberg
South Korean currency increased on Thursday rising to the strongest level in nine months after an impasse in the U.S. ended as President Obama signed a deal avoiding catastrophic scenario of technical default of the nation. The South Korean Won gained 0.2% to 1,063.58 per U.S. Dollar in Seoul following an increase to the highest level since January 23 at 1,063.10.

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Thu, 17 Oct 2013 12:06:09 GMT

U.K. shares decline

U.K. shares retreated, snapping the longest streak of gains in approximately five months, as declines in commodity producers and banks dimmed the outlook. The FTSE 100 Index slipped 0.4% to 6,543.86 as of 8:40 London time; however, the equity-benchmark has climbed 3.7% in the last five days. The FTSE All-Share Index dropped 0.4%, while Ireland's ISEQ Index fell 0.4% today.

Thu, 17 Oct 2013 11:08:03 GMT

Pound rises to 4-week high after retail sales increase

The British Sterling strengthened on Thursday rising to the strongest level in four weeks versus the U.S. Dollar after the U.K. government report showed a notable increase in retail sales in the month of September. The Pound added 0.7% to $1.6064 as of 9:40 a.m. in London, the largest advance since September 18, following a drop to the lowest in

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