Sterling depreciates as U.K. retail sales declined

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Source: Bloomberg
The British currency dropped for the fourth day out of last five against the U.S. Dollar as data showed that U.K. retail sales declined in October. The Sterling slipped 0.3% to $1.6007 as of 10:47 a.m. in London, while it traded at 83.92 pence per Euro after climbing 0.6 on Wednesday. The Pound rose 3.6% in the last three months, making it the best performer among most-traded currencies.
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Thu, 14 Nov 2013 14:30:07 GMT

Gold gains after Yellen's testimony

Gold advanced after Fed's Chairman nominee Janet Yellen said that monetary stimulus programme will not be scaled back until nation's economy and employment improve, reducing worries that the Fed will start tapering soon. The Yellow metal for immediate delivery added 0.1% to $1.,282.75 an ounce, while gold for December delivery climbed 1.1% to $1,282.20 an ounce as of 7:05 a.m.

Thu, 14 Nov 2013 13:43:03 GMT

Pound drops versus Dollar as retail sales fall

The British Sterling fell on Thursday dropping for a fourth time in a five-day period against its U.S. counterpart after a government report showed that retail sales in the United Kingdom surprisingly declined in October. The Pound slipped 0.3% to $1.6007 as of 10:47 a.m. in London and it was at 83.92 pence per Euro following a 0.6% increase yesterday.

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