Euro stays at a record low, German bonds increase in value

Source: Reuters
On Monday morning, July 16, the Euro reached three and a half year low against the British Pound. Worries around the ECB and Mario Draghi's (President of ECB) statements make situation around the European currency even more complex. The Euro now is trading at GBP 0.7855 in London, which is a record low since November 2008. Though German government bonds increased in prices. 10-year bonds gained 0.015% which led to lower yield of 1.24%.
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Mon, 16 Jul 2012 15:41:10 GMT

UK house prices decline as demand falls

Real estate sellers in London cut prices in July due to increase in supply and typical summer fall in demand. Prices declined by 3.6% or, on average, to GBP 460,304 in comparison to June 2012. In England and Wales fall was a bit smaller, 1,7%. Moreover, Ernst & Young specialists imply house prices might drop by 2% more this year. This means that in

Mon, 16 Jul 2012 10:18:10 GMT

June inflation in India shifts into low gear

The main inflation index in India declined from 7.55% in May to 7.25% in June, while food inflation still hits the records reaching 10.81% in comparison with 10.74% the last month. Fuel inflation went down to 10.27% from May's 11.53%. India has the biggest inflation rate among other BRICs countries.

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