Sterling declines to lowest in two weeks against Euro

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Associated Press
The British currency reached a two-week low versus the Euro ahead of the Bank of England, the Fed and the ECB statements that will brighten the outlook on their policies. The Pound traded at 86.56 pence per Euro by 9:30 a.m. in London after falling to 86.59, the lowest since July 17. The Sterling was little changed at $1.5329 after slipping 0.3% in the last two days.
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Tue, 30 Jul 2013 10:40:06 GMT

Greenback rises together with European stocks

The U.S. Dollar jumped from a 5-week low, while stocks rose after better-than-expected European economic and companies' earnings data. The FTSEurofirst 300 gauge appreciated 0.2%, while Germany's DAX, France's CAC 40 and Britain's FTSE rose 0.2-0.3%. The MSCI world equity index gained 0.2%, led by European stocks.

Tue, 30 Jul 2013 10:12:05 GMT

German CPI increases slightly

German inflation most likely slowed down for the first month out of last three, indicating on small price increase in nation's economy. Europe largest economy's CPI rose 1.8% compared to previous year, while the prices probably dropped 0.1% from June. It is expected that Germany's inflation will reach 1.6% yearly and 1.5% next year, according to the Bundesbank.

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