Pound shows two-year high against the Dollar

Source: Bloomberg
On Friday, the U.K. currency rose versus most of its major counterparts on the optimistic promise of the ECB President, increasing demand for riskier assets. The Sterling gained 1.2% to $1.5690, after having a 1.5% rise, the highest since Dec. 31, 2010. The Pound advanced 0.1% to 78.38 per Euro.
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Fri, 27 Jul 2012 11:49:47 GMT

Loonie advances most since May on Draghi

The Canada's Dollar reached the highest level since May against the U.S. counterpart as Mario Draghi pledged to sustain the Euro. The Loonie rose 0.9% to C$1.0102 , touching the highest since May 16. The S&P 500 Index increased 1.7%, September delivery crude gained 1.7% to $90.47 per barrel. Changes in commodities and stocks influence Canada's currency the most.

Fri, 27 Jul 2012 11:28:41 GMT

Spain hits the record high unemployment rate

On Friday, Spain's unemployment rate climbed to 24.6% from 24.4% in the first quarter as reported by the National Statistic Institute. The number of jobless Spaniards increased to 5.7 million, showing the record level since mid-1970s. The government announced it doesn't expect the rate to tumble below 22% until 2015 least.

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