Britain posts deficit in July

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
U.K. posted its first budget shortfall in July in three years after lawmakers increased its spending and that led to outstripping tax revenue. For comparison, net borrowing was 488 million Sterling from year earlier 823 million Sterling, according to the Office for National Statistics. It is expected that fiscal deficit will increase to 120 billion Sterling yearly or 7.5% of nation's GDP.
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Wed, 21 Aug 2013 10:54:07 GMT

Canadian Dollar reaches one-and-half month weak; Fed in focus

The Canada's Dollar reached the lowest level since July 10 versus its U.S. counterpart before the Federal Reserve releases it meeting minutes, driven lower by disappointing wholesale and retail report. The Canadian currency declined 0.44% to C$1.04453 against the U.S. Dollar. Canadian wholesales sales unexpectedly fell 2.8% in June and retail sales are forecast to drop 0.4% in June.

Wed, 21 Aug 2013 10:12:10 GMT

Gold drops as markets await Fed minutes for stimulus prospects

Gold decreased in London ahead of the Federal Reserve posts minutes from its previous meeting that could provide hints on when officials plan to scale back stimulus. Gold for immediate settlement slipped 0.6% to $1,363.29 per ounce and the December Bullion contract plummeted 0.7% to $1,362.60. Silver for immediate settlement retreated 0.6% to $22.8661 per ounce.

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