Pound Lost against U.S. Dollar on BOE Policy Makers' Meeting

Source: Bloomberg
The Pound depreciated versus the U.S. Dollar for the first time this week ahead of Bank of England monthly two-day meeting in London to decide whether to expand monetary policy. The Sterling fell against 15 of its 16 main counterparts on economists expect the BOE to increase assets purchase by at least 25 billion Pounds from 375 billion Pounds. The U.K. currency weakened 0.3% against the U.S. Dollar to $1.5085, following a decline to $1.4986 on March 1, the lowest in more than 2.5 years. The Pound dropped 0.2% versus the Euro and traded at 86.44 pence per Euro.
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Wed, 06 Mar 2013 15:14:04 GMT

Copper Gains for Third Day on U.S. Service Sector Growth

Copper appreciated for a third day on service sector in the U.S., the second largest consumer of copper, expanded more than forecast, increasing demand for the commodity. The contract for Copper delivery in 3 months gained 0.5% and was settled at $7,812.50 a metric ton in London, May-delivery Copper advanced 0.4% to $3.5285 per pound in  New York. According to

Wed, 06 Mar 2013 19:33:03 GMT

WTI oil advances from this year's low

West Texas Intermediate oil bounced off from the lowest level of this year on Tuesday, as U.S. shares advanced amid company earnings data and as the Federal Reserve decided to continue with its stimulus programme. WTI oil for April delivery increased 0.5% to $90.59 after it fell to its lowest level since December 24 on Monday to $90.12.

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