Pound rises versus Euro amid Cyprus concern

Source: Bloomberg
The British Pound appreciated to its highest level in a two-month period against the 17-nation currency on Thursday as demand for the Sterling as a haven asset rose amid concerns about worsening debt crisis in Europe due to turmoil in Cyprus. The Pound advanced 0.1% to 84.41 pence per euro earlier on Thursday after it climbed to a two-month high at 84.16 pence, it also rose 0.2% to $1.5153.

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Thu, 28 Mar 2013 12:51:09 GMT

UK stocks move higher on mixed data

UK stocks are trading in green territory on Thursday after the UK Gfk consumer confidence unexpectedly remained unchanged in February, while experts had predicted a decline. However, weaker-than-expected data from the national housing market capped gains. The UK's Nationwide house price index remained unchanged, defying forecasts of a 0.2% increase. The FTSE 100 Index jumped 0.78% and is trading at

Thu, 28 Mar 2013 12:24:07 GMT

South Korea's GDP advances 0.3% in Q4

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