Sterling appreciates as services output advances

Source: Bloomberg
© Scanpix/Reuters
The British Pound appreciated versus the greenback and shared currency as the U.K. services output expanded last four weeks by the most in almost 13 months. The Sterling rose 0.3% to $1.5355 as of 9:55 a.m. in London after advancing to $1.5376 on June 3, while the British currency jumped 0.4% to 85.06 pence per Euro.
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Wed, 05 Jun 2013 10:12:05 GMT

U.K. shares retreat on Fed stimulus speculation

U.K. shares retreated amid speculation that the Fed may wind down its stimulus programme at the end of the summer. The FTSE 100 Index dropped 0.7% to 6,515.83 as of 9:19 a.m. London time. The index has declined by 4.8% since the Fed Chairman's Bernanke's testimony on May 22, when he talked about scaling back stimulus if the U.S. economy

Wed, 05 Jun 2013 08:57:15 GMT

U.S. shares retreat on Fed worries

U.S. stocks retreated, ending the streak of 20 Tuesday gains in a row for the Dow Jones Industrial Average, as economists expect the Fed to wind down stimulus at the end of the summer. The Standard & Poor's 500 dropped 0.6% to 1,631.38 as of 4 p.m. New York time, reversing a gain of 0.4%, while the Dow slipped 0.5%

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