Cable down in the European trading hours

Source: Forexpros

On Wednesday, the British Pound depreciated versus the U.S. Dollar in the European trading session. GBP/USD was traded at 1.6167 at 6:50 a.m. London time, which was a 0.13% decline for the session. The pair's support was likely to be found at 1.6150, a day low, while resistance was prone to be a 1.6310, a Friday's high.

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Wed, 26 Sep 2012 10:26:25 GMT

Biggest banks in Australia split in their prediction about RBA's rate in October

Four biggest Australian banks split in their predictions about whether the Reserve Bank of Australia will cut interest rates in October, which are the highest in major developed nations. Westpac Banking Corp. and Australia & New Zealand Banking Group expect that the rates will be cut by quarter, while Commonwealth Bank of Australia and National Australia Bank predict that they will remain at 3.5%

Wed, 26 Sep 2012 10:04:25 GMT

French consumer confidence slips in September

French consumer sentiment weakened modestly to 85 in September, compared to 86 in the preceding month, the Insee reported on Wednesday. Analysts expected the index to stagnate. Overall past economic situation was at -77 on year from -73 in August, while future economic situation tumbled to -56, compared to -51.

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