Pound depreciates versus Euro on higher inflation than target

Source: Bloomberg
The British Pound weakened by 0.5% to 85.74 per pence to Euro in the second part of London trading session on Tuesday. The pair was slipped to a 85.82 pence level, which was the lowest since 20th of March. Investors trade the Pound with negative sentiments, as a consumer price report indicated a 2.8% inflation in March, what was above a 2% BOE's target.
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Tue, 16 Apr 2013 17:15:03 GMT

Brazil swap rates edge lower on inflation data

The Brazilian Real gained by 0.8% to 1.9860 per U.S. Dollar and swap rates on contracts to January 2014 slipped by four basis points, 0.04 parentage points, to 8.17 percent in the morning of Sao Paulo trading hours on Tuesday. Swap rates changed direction for the first time in last seven days, on data of a consumer-price report indicating a slowing inflation,

Tue, 16 Apr 2013 17:04:03 GMT

U.S. consumer prices fall amid decrease in energy prices

Consumer prices in the world's largest economy recorded a modest drop in March mainly due to a steep decline in energy prices, a report released by the Labor Department showed on Tuesday. According to the report consumer price index fell 0.2% in March reversing a 0.7% increased recorded the month before, while it was expected to stay flat in March.

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